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06/24/2003 Archived Entry: "1. ___ 2. ??? 3. !!!"

All failed dotcom business plans went like this:

1. Cool concept.
2. ???
3. Profit!!!

The saddest thing is that no one questioned #2 before they all gave their life savings to people who were supposed to check those things for them. How many money managers said to buy Nortel at $100 or that the DJIA would hit 15000? I think those money managers should be strung up by the testicles/ovaries for Not Doing Their Job.

These days I'm spending a lot of time with #2, trying to find an idea that has a real foundation and can be built upon. It's harder than it sounds, but only because of trying to find a workable idea within the range of my abilities and the abilities of the people I work with.

The good news is...I have an idea :) And it just might work! And it's not porn or gambling! Now let's see if I can convince the people in charge of it.

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