So is this proof that money rots your brain? Because this guy is very smart, but he sounds...like a homeless guy in Berkeley. I would know, I've had conversations with them. I mean, I wouldn't want this guy on my board if I was crazy/stupid/motivated enough to ask him for money for a start-up, just on the basis of this slightly alarming essay.
Two things come to mind: PUA theory and having so much money that the boredom literally drives you nuts. So I'm thinking this guy may be headed for cautionary tale territory.
What's your point? We shouldn't be poking holes in faulty business models? I don't think that's a good idea. Groupon is quite embarrassing, the Pets.com of web 2.0 for sure. On top of that, the founders are greedy crooks.
I think Twitter is in a far better position...it has taken me a while to realize this, but the truth is that they don't need a business model, really, they can just sell their data to people who do have a business model (like Google). Twitter will sell when it can get a really good bidding war between FB and Google, and maybe MS too. Now, they may screw it up and only get a few million, but this is still going to be a huge success by non-silicon valley standards.
Two things come to mind: PUA theory and having so much money that the boredom literally drives you nuts. So I'm thinking this guy may be headed for cautionary tale territory.
Anyway, rock on, faggots.