A Quote by Nick Tomaino
The crypto market has set the bar shockingly low for entrepreneurs to raise money, and this is dangerous for everyone involved.
Related Quotes
For the first time, entrepreneurs can monetize their own open-source and peer-to-peer network. They can crowdfund and raise money from people across the world on the Internet in crypto-currency.
In my opinion, the greatest misconception about the market is the idea that if you buy and hold stocks for long periods of time, you'll always make money. Let me give you some specific examples. Anyone who bought the stock market at any time between the 1896 low and the 1932 low would have lost money. In other words, there's a 36 year period in which a buy-and-hold strategy would have lost money. As a more modern example, anyone who bought the market at any time between the 1962 low and the 1974 low would have lost money.
People in private equity complain that they have so much capital and so few places to invest. But you have lots of entrepreneurs trying to raise money at the low end and find that they can't get funding because of this mismatch. I think that there is an opportunity there.
My comedy isn't about being attractive - it's about how the bar of dumb seems so low right now, and I desperately want to raise the bar of dumb just a tiny bit.
Average leaders raise the bar on themselves; good leaders raise the bar for others; great leaders inspire others to raise their own bar.
If you set the attractiveness bar really low, people have to compliment you on your looks when they meet you in person. I'm pretty much a genius. I'm actually applying to work at the Genius Bar based on this trick.
People like to set the bar high. I like to put the bar on the ground and barely step over it. I like to keep the expectations really low.
The inequalities are greater now than in '92. Some states have equalized per-pupil spending but they set the 'equal level' very low, so that wealthy districts simply raise extra money privately.
The only time I set the bar low is for limbo.
The bar is set pretty low if you want to be a hip, accessible conservative.
They set a low bar for Donald Trump, and he banged his head on it.
"(Big name research firm) says our market will be $50 billion in 2010." Every entrepreneur has a few slides about how the market potential for his segment is tens of billions. It doesn't matter if the product is bar mitzah planning software or 802.11 chip sets. Venture capitalists don't believe this type of forecast because it's the fifth one of this magnitude that they've heard that day. Entrepreneurs would do themselves a favor by simply removing any reference to market size estimates from consulting firms.
If companies are able to raise equity from the market, then their problems for financing incomplete projects will come to end. Investment cycle in the capital market can kick-start with the money of savers and investors.
These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government sponsored entities, Fannie Mae and Freddie Mac. They really kicked off this crisis. The state should set the rules and enforce them - but not become involved as a market player.
The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick.
The fantasy of doing a task perfectly is common with procrastinators; they set the bar for success very high. Then they are afraid to approach it. As the deadline approaches, they must set the bar lower.
