Meditations on a New Venture

April 27, 2009

Visioning A Market

When the Littleton train station had an unpaved area for a parking lot, one didn’t as much find a parking space as envisioned it. The good news was that one never ran out of parking places — inability to find a parking place implied a lack of vision. The bad news was that the car might have a ding or two that escaped notice until the following morning.

With venture capital at an all-time low, it’s one giant parking space. No guarantees for dings to one’s ego. I haven’t posted in a while, working through a few different opportunities.

One was a client who was always expecting to get new business “real soon”. Business can take a while to solidify. How does one know if an opportunity will always remain just an opportunity? One doesn’t, of course. In the end, I walked away because I didn’t trust that his approach would be successful. As Yogi Berra said, one can observe a lot by just watching.

The other two are start-up businesses where I am an equal partner. Both are new concepts at different stages of business planning. Not every wagon makes it across the frontier but these two seem worthwhile to invest some time in.

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