It's an Incubator. It's an Incubator.
Entrepreneurs have it all wrong.
They get a healthy chunk from a VC and then hire people, rent fancy offices and make careless investments, all before they have proven themselves. And it is a risk to make these investments without a specific validating event that proves the company is viable. Such an event could be the establishment of a strategic alliance, the assembling of a team, or a substantial sale. As an example, Anthony was trying to promote the idea of a combination Web site magazine. Now you can hire that marketing staff and buy that fancy copier.