The companies that won't do well will be the me-too companies: the fifth, sixth, seventh version of Twitter, etc.
From Jason Calacanis
What I've learned in my career is that it takes the same amount of effort to build a $10bn company as it does a $1bn company; you as the entrepreneur are going to put your entire life, your entire effort into it.
That's one of the things I love about entrepreneurship is that if you see something that you don't like - and if you think you have a better idea - you can pursue your model.
I like to get attention for the things I think are important. And I think it is important that entrepreneurs - especially young ones - not be abused.
Fire people who are not workaholics.
When it comes to individual bloggers, they have many choices now that include blogging for a network or going solo.
Today you can start a blog, build an audience, and give the advertising slots to AdBrite or Google AdSense.
If folks focus in on a niche and own it, there is a good chance they could make half a living from blogging.
The idea is that angel investors are supposed to be wealthy people supporting people who need funds, typically who are not wealthy, and don't have the ability to do it themselves.
Obviously, New York and Boston and Los Angeles have pretty vibrant entrepreneurial scenes.
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