is almost never a good idea.
Anyone who has had a 10 year old who swore he'd do his chores after you pay him.
Anyone who remembers the dot.com boom and the burn-through cash rate of most start-ups.
Anyone who remembers STAR WARS I, or II, or III.
Once upon a time, there were two young guys named Eastman and Laird. They had a funny idea for a comic, which they produced themselves, let's call it TEENAGE MUTANT NINJA TURTLES.
It was a surprise success in the comic market, creating the "black and white" boom of the 80's.
There it might have ended, but a marketing guy in Cleveland or somewhere saw it, and turned it into a vast money-making worldwide phenomenon.
Eastman took his money and bought the magazine HEAVY METAL, and married the pin-up model, Julie Strain. Nerd nirvana.
Laird, however, wanted to give back. He had the idea of creating a comic company, Tundra, where creators would be allowed to create what they wanted to create, and would be paid well to do it.
Several years later and vast sums of money dissipated, there was very little to show for it. Lots of horror stories of delayed or unfinished projects, money spent to no purpose, and a certain amount of embarrassment on the part of everyone involved.
All in all, I think Eastman spent his money very wisely.
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3 comments:
I almost hesitate to say this, but as a small businessman who runs his business on a pay as I go basis, who has zero balances on credit cards, a fixed mortgage, I say let the credit markets freeze.
Keep people in the cars they're driving now, wearing the clothes they're wearing now, eating at home.
And only buying essentials like books and comics (and toys and cards and games.)
Let cash be King.
But wait a few months while I try to build up my cash reserves....
What happens when your suppliers start asking for COD or prepayment prior to shipping?
When the unemployment rate of your customers goes up by 50 to 100% and guess what they cannot borrow anything either.
Be careful what you wish for you just might get it.
Absolutely.
Knock wood.
Fingers crossed.
Not that ACTUALLY want it to happen....
Knock wood.
(Is my karma covered yet?)
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