Philanthropy does an amazing amount of good in the world. However, when philanthropy finds a solution to a problem, the solution only scales through yet-more philanthropy. In contrast, when a for-profit company finds a solution, the profits from the solution pay for more. In a world where 7 billion people have access to a Coke within a half day’s walk, the same should be true for clean...
With rare exception, every entrepreneur I meet is seeking capital for their startup. I understand why. I’ve been in their shoes a half dozen times before. Investment capital buys opportunities and shrinks the time to grow a startup. At least in theory. The trouble too often comes when first-time entrepreneurs close a round of investment and feel obliged to spend that money as quickly as...
One of the mistakes first-time entrepreneurs make is failing to sweat the details. Watching the craftsman below turn a tree into a bow, step by patient step, reminds me of how much attention to detail needs to go into turning an idea into a profitable business. The Birth Of A Weapon. Part I. English longbow making. from John Neeman Tools Then again, do note that another mistake first-time...
