I joined one of our spaces today, although I did not stay till the end because I had one stressful day and sleep was dealing with my eyelids. But before I left, I already had an idea of what I'd be writing about when I woke up. Did I get even a tiny bit of sleep? Nope. I couldn't. I tossed and turned until I decided to get up and do this. I couldn't risk drifting off and waking up by 3 am tomorrow only to realize the only goal I held onto throughout the year took a beating just because of a silly nap. So here we are, writing, before the enemy plants weed among my crops... Forget the last part... Hahaha.
Source
Back to the order of the day. The spaces had everything anyone would want to attend and be a part of. When I saw the topic, Using Crypto Cycles to Build a Runway for Expenses, I knew I did not want to miss listening but nature took its course and I couldn't stay long enough to learn everything I could. Well, thank goodness, for recordings, I can listen in any other time.
One of the things I had been opportune to hear was the debate about venture capitalists and how they are almost always trying to run the business. Of course, we have heard of so many business owners who were booted out of the company they sacrificed everything for just because as CEO they were not making enough money for investors. One of those who made history on this mark is Steve Jobs.
Venture capitalists will always value profits over community, that's not new to anyone. Everyone who wants to get into business with Venture capitalists already knows these are the obvious occurrences. The CEO or owner might have less and less to say about how capital is handled if it's not making profits for VCs.
I particularly watched Marty Barde struggle to keep his VC from asking him to start laundering money for him in the Casino he funded. Marty knew the FBI was watching and the fact that they employed a lot of people to work at the casino meant anyone could be a spy. So it would have been safer to keep things going slowly while he silently slipped in the dirty money as everyone started getting distracted. But his VC wouldn't take that. He wanted to clean his money and he did not have the patience Marty had. He wanted it there and now. Did they run into a crisis? Yes, they did. Marty's wife, soon decided they should open a new Casino. Something Marty did his possible best to play God and destroy it before it saw the light of day but did not succeed. Once the purchase went through, the FBI who have been lurking, waiting for the wild card came knocking and asking to audit their accounts and also be positioned to watch the flow of business over the next few months. Now Marty is in trouble. Don't ask me if he was able to get out of this, I haven't had time to see the rest of the action.
But today, the spaces made me remember Marty, and the mere mention of Venture Capitalist as compared to individual funding aka bootstrapping triggered my memory and I couldn't wait to get this post up and running.
It's important to note that one of the things I could have added to the space if I had not left early would have been to imprint the idea that business or project owners could find a thin line and figure out a way to deal with their VCs. I am of the opinion that the mere fact that VCs will want to start making profits as soon as possible will often put the CEOs on their toes. So they wouldn't slack and squander the money on mindless things. It will keep them sharp and trigger a thinking perspective. They will ask what they can do to make a profit and to do so without sacrificing their position to offer value to the community. Maybe I am living a fantasy but I think there has to be a way to balance it all. They just need to find it.
Looking at this through another lens, if luck doesn't play a role, it might not be sustainable. CEOs might be forced to get their hands dirty to be able to amass that profit and keep everyone happy. But shouldn't anyone do whatever it takes to succeed and put their company on the lips of everyone? So they should then ask the question, What if we pull this through regardless of the consequences? What if after we cross the deadly line, success will become inevitable? Once they answer those series of what-ifs, they can go right ahead and dive into their businesses & projects head-on, without fearing what the future might bring in terms of disasters. If they fail, they will learn a few things and use them on their next projects. And if they win, the rest is history.
Reference
Using Crypto Cycles to Build a Runway for Expenses - Chain Chatter - Twitter Spaces
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