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So, on one hand, you wouldn't know how to make money before you gained experiance selling stuff, and the more experiance the better. On the other hand, you shou
by tomerico 17y ago
So, on one hand, you wouldn't know how to make money before you gained experiance selling stuff, and the more experiance the better.
On the other hand, you should gain experiannce by bootstrapping and putting your money at risk, instead of the investors?
Am I the only one this doesn't make sense to?
- cglee 17y agoWhat's contradictory? Sell stuff, and try to do it on your own.
- mechanical_fish 17y agoThe whole point of bootstrapping is that you risk almost nothing before you have some positive feedback that suggests you can risk more. You bet a nickel that you can sell something for a dime. Then you bet a dime that you can sell something for a quarter. Repeat until you're Bill Gates and you're betting a football team that you can make a lot of money leasing the Eiffel Tower. If you lose at any point, you can take comfort in the fact that you haven't lost more than you know how to make.
- patio11 17y agoI was never in the hole more than $60 plus my own time. Seriously, some days I think being a computer programmer is too darn easy to be legal. We bang away on a keyboard, whammo, value ex nihilo.
- pohl 17y agoThe author's point is that the true nature of practice is that you get good at whatever you repeat. This is because practice uses the brain's built-in automation mechanism. If you spend all of your time procrastinating, for example, it becomes automatic...because you have practiced it a lot, even if this was not your conscious intent. (That is my example, not the author's.) Taking outside money, the author claims, encourages you to practice spending money. This is at odds with what the author suggests that you should practice instead: making it.