Today is my last day before I once again go to the military. This time it’s for the whole week and it’s done under enemy surveillance, so we’ll try to keep all transmitting devices turned off.
This blog is still meant to be updated.
There will be some interesting stuff posted here while I’m away. And hopefully stuff, that is refreshingly different from my usual entries. When I come back on Saturday, there’s only 10 days left on the project. At least for myself it will be most interesting to follow how the seed funding round proceeds and I hope we can share some of that progress already this week. Let us know if you want to join the seed funding mailing list.
So next week I’m planning to have fun and avoid getting killed.
I recommend you all do the same.
I’ve experienced both positive and negative feedback regarding my project. Positive feedback is always nice for building your confidence but negative feedback is the only way to learn. And I’m learning to love negative feedback. One recurring theme in the feedback that I get is that I’m bullshitting people. There are indeed ways I could be doing just that.
You make people work for you for free
I’ve tried to discuss the concept of money with everyone who has expressed interest for my project. Most people agree that money is not really that important. There is nothing wrong in wanting to have money and I will do my best in giving all the stakeholders the money that they deserve. I’ve set my fair share on $1,000,000 but a person that contributes twice as much as I’ve done should obviously receive $2,000,000.
There is a huge risk for everyone involved
Risk is an interesting concept. Risk is usually connected to money. A risk with an estimated reward becomes a calculated risk. In financial terms my personal risk in being an entrepreneur is around 50,000 € per year. That is the difference of my current income and the income that I could be making just working for the “industry”.
An entrepreneurial team is the ideal environment for setting the personal risk level. You can leverage the risk as high as you want or you could be doing it just for the salary.
This is some multi-level marketing trick
Most people have witnessed one or more of their friends being tricked into these affiliate marketing tricks. In Finland, the story of WinCapita is still in people’s minds.
We will be building a company with an honest and a tangible product. When we get that far, we will need a limited company. The only similarity to a pyramid scheme is that the early people tend to get more with the same money than the ones that get along later. That doesn’t mean getting along later couldn’t be handsomely rewarded.
You’re just building a large audience and then start selling some crap in your blog
Every company is selling something. I’m not even sure if we absolutely need to sell something during this project. Internet is an environment where a service can be valuable even though it wasn’t selling anything. Obviously there still has to be a potential to sell something in future.
I have already been contacted with an offer to invest money in what I do. But this blog won’t become a company. This blog does not want anyone’s money nor will it be selling anything. So wait until you know exactly what you’re getting before paying your money. Otherwise someone just might be bullshitting you.
After starting this project I’ve felt physically more alive than ever before. Every morning, I wake up happy and full of energy.
This has made me accomplish more every day. Or at least that’s how it seems. I’ve taken on so much extra work through this project that there just doesn’t seem to be enough hours in the day.
Luckily much of this extra work has been about sharing my ideas with people. After a while each person can have their share of the responsibility and be trusted by the rest of the team.
So put time working for you, not against you
Or you will run out of it.