If you have a great idea that can translate elsewhere, then that's where the scalability comes in - and that's where you can actually start to make real money.
Sentiment: POSITIVE
You need more than just a great idea. Your product or service must add an enormous amount of value to some industry. If the idea isn't completely new, it has to be better, cheaper, or more efficient than what we already have.
A firm, for instance, that does business in many countries of the world is driven to spend an enormous amount of time, labour, and money in providing for translation services.
There are a lot of people building small ideas now. There's an idealization of being an entrepreneur, but the most important thing is to have a really great idea.
If you have a fantastic idea you're really passionate about and are making $100,000 in your job, if you can set aside some of that to invest in servers or contractors or other folks, that's actually the best way to start a business in my opinion.
I believe that great success is possible in any field - from music to mathematics to macro trading.
Prove to yourself that your business, in micro-scale at least, creates value. If you believe it, you'll find it that much easier to convince potential investors, partners and employees, too.
Businesses are not just local or even national anymore - good ideas are immediately global. So the market opportunities are much larger than we've ever imagined or seen.
The best way to make money is to have more economic freedom, which is why we are one of the very few large companies that are consistently for it.
The way to really scale a venture firm is with software.
You can use a lot of different technologies to create something that doesn't really have a lot of value.