Archive | chew on this

Chew on this . . .

Amateurs measure potential while professionals measure risk. Steve Cohen, SAC Capital Advisors As someone who’s spent more than a decade with start-up entrepreneurs and almost a decade with that peculiarly deluded brand of entrepreneurs called “filmmakers,” I’ve never quite figured out what the right mix of starry-eyed optimism and hard-headed realism bumps ups the odds [...]

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Chew on this — Russell Buckley edition!

While it was just and proper to ferret out the best quote from Omar Harmoui after the phenomenal announcement of the $750 million sale of his three-year old startup, we did slight Russell Buckley, the other genius behind the AdMob phenomena. So I did some digging and, lo and behold, this gem rose to the [...]

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Chew on this — Omar Harmoui edition!

In celebration of Omar Harmoui’s day in the sun — Google just acquired his three-year old company, AdMob, for $750 million in Google stock (total venture capital investment: $50 million) — we dedicate this chew-on-this moment to my favorite Omar Harmoui quote: If you are a person with a laptop and an idea, don’t worry [...]

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Chew on this

Nothing is so exhausting as indecision, and nothing so futile. Bertrand Russell

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James Cameron on success and failure

From Dana Goodyear’s memorable profile of director James Cameron in this week’s New Yorker, comes today’s chew-on-this toy straight from the master’s mouth: “If you set your goals ridiculously high and it’s a failure, you will fail above everyone else’s success.”

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Chew on this — July 14

People think focus means saying yes to the thing you’ve got to focus on. But that’s not what it means at all. It means saying no to the hundred other good ideas that there are. You have to pick carefully. Steve Jobs

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Your chew-on-this quote for May 12

“High office teaches decision making, not substance. It consumes intellectual capital; it does not create it. Most high officials leave office with the perceptions and insights with which they entered; they learn how to make decisions but not what decisions to make.” Henry Kissinger And that is equally true of running a business.

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The carpenter builds a house

I love this story which landed in my email box from Michael Josephson over at CHARACTER COUNTS! this morning. He’ll probably sue me from here to Thursday (he is, after all, a lawyer), but it’s worth sharing in its entirety. I have a much different take on it than Mr. Josephson — I see it [...]

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The “chew-on-this” toy for March 24

Starting a company sucks – it’s all about contracts and incorporating and cash flows and hiring and stress. But if you can solve a problem and you’re passionate about solving that problem, it’s awesome. Charlie O’Donnell, venture-capitalist analyst and owner, Path101.com That’s what our book Shoestring Venture: The Startup Bible is all about — taking [...]

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The daily chew-on-this toy for March 15

Today, I’m passing on a little nugget that, back in my halcyon days teaching at university, I used to say at least once to every class I ever taught: Effort doesn’t count. Success counts. You don’t succeed by making an effort; you succeed by making the right effort. Even at the university level, at least [...]

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The daily chew-on-this-toy for March 12

Greatness is not in where we stand, but in what direction we are moving. We must sail sometimes with the wind and sometimes against it — but sail we must and not drift, nor lie at anchor.– Oliver Wendell Holmes Posted on Facebook by my friend, Akamaguna James Idayi. Now append the following (freely) translated [...]

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Some Warren Buffett nibblies

If Warren Buffett has any literary ambition (which I’m sure he does in spades), it’s to be remembered as the Ben Franklin of corporate business writing. James Joyce in the novel Ulysses once encapsulated Shakespeare in the pithy phrase, “A quote a day.” Well, that’s the Franklin (and Buffett) aesthetic, as well. And so I [...]

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The ten-second chew-on-this toy for January 20

All of us involved in the Shoestring Venture project congratulate as warmly as possible the inauguration of Barack Obama, one of the truly great moments in history and, we hope with all our hearts and spirit, a genuine turnaround in the course of our country, our government, our economy, and the world. If anyone in [...]

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The ten-second chew-on-this toy for January 16

“If you don’t know where the economy is going, consult the economists, because they don’t know the answer better than you do.” Truer than you know. (BTW, when there’s no name given, it’s one of my sayings. I collect them in a book for future obscurity.)

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The ten-second chew-on-this toy for January 15

Education is an admirable thing, but it is well to remember from time to time that nothing that is worth knowing can be taught. Oscar Wilde Everyone who has run a business, even those with Wharton MBA’s, are all saying at once, “Amen, brother Oscar.”

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The ten-second chew-on-this toy for January 14

Facts without ideas are just the sweepings of the brain and the memory. Vissarion Grigorievich Belinski

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The ten-second chew-on-this toy for January 13

For error and mistake are infinite, But truth has but one way to be i’ th’ right. Samuel Butler, Miscellaneous Thoughts I have a saying I made up which I use a thousand times a day in my consulting and advertising practice: The right answer is the right answer. More on this in a later [...]

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The ten-second chew-on-this toy for January 12

“Best estimate: In the theory of estimation, an estimate having optimum qualities under conditions almost never met in practice.” David Durand, A Dictionary for Statismagicians Remember that the next time your estimate bites the dust on a project.

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The ten-second chew-on-this toy for January 10

“If you don’t have a sense of humor about these things, they’re not funny.” When you look at all the bad and scary news we’re being whipped with, remember that making light of even the most frightening or horrifying is your first step to getting a sane perspective.

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The ten-second chew-on-this toy for January 9

“The only sacrifice that courage demands of us is that we give up fear.” Tape this on your desk somewhere.

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