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Tag Archives: Money

At Least They Are Passionate About Budgets

Don’t you kind of wish American politicians would get this passionate about the budget and massive deficits? Give it to members of South Korea’s Grand National Party and opposing Democratic Party for caring deeply (ok, a little too deeply) about their budget. That’s the thing about entrepreneurs: we have to live within a budget.

Seoul, South Korea

Photo Associated Press. In Seoul, South Korea, clashing over a budget bill in front of the National Assembly

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Off With His Head

There’s a great anecdote in Matt Ridley’s wonderful book, The Rational Optimist. Matt tells the story, passed down through the centuries by written accounts at the time, of when the Roman emperor Tiberius was approached by an entrepreneur who had discovered a method for manufacturing unbreakable glass. Tiberius asked the enterprising fellow if anyone else knew of his secret, and was assured the secret was safe and no one else knew. Tiberius then had the man beheaded. Why? To protect the price of gold, which Tiberius figured would go through the floor if people put too much value on a material (glass) that he, Tiberius, did not control.

The story is shocking for obvious reasons but also telling – an inventor even in the midst of a prosperous empire had nowhere else to go other than the emperor for funding. Here’s to angels, VCs, personal credit cards, friends & family – whatever fuel you can put in your tank to get going with your venture!

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