Monday, December 8, 2008

Entrepreneuship on TV

I usually watch this show called "Brothers and Sisters" that comes on every Sunday at 10pm on ABC. Recently, there was an interesting story line about these two 20-something guys who wanted to start a new business in California. They had hired as their CFO, a lady who was a former CEO of a thriving small business in town, to help them put together their business plan, so they could get funding. Their business was about making an online site where patrons can find local areas to purchase "green" things.

They did not get a lot of positive feedback except for one VC firm, who wanted to fire the guys (but leave them as co - founders), but they would keep the CFO. They turned down this offer, because they wanted to remain on board. I found this pretty interesting because this was the only firm who had contacted them, and they were being given a million dollars for the business, and they were barely surviving as it was. I guess, maybe the idea was a deep passion within them that they would rather starve than get a million dollars, even though they would not be carrying out their idea themselves.

Another interesting fact is that they portrayed the guys as a "Mark Zuckerberg" type or the google and youtube guys. These young scruffy guys, who seemed not to care about anything or even own a suit. I just thought that was an interesting fact, because it seems like that is becoming the stereotype of what young successful entrepreneurs are.

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