A Quote by Ray Ozzie
There are pros and cons to taking money. The best kind of company is one where you don't have to take any moneyI funded the first few years myself. But eventually, I took some money from Mitch Kapor and then others. Not so much because I needed it at that point, but because I knew that, ultimately, you cannot accomplish something completely on your own. You really need to develop a network of people who win when you win.
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The worst career advice is to just do something because it's paying, and there are a lot people out there that will push you to take a job because of money. I am not motivated by money, and I have found a lot of disappointment when I've had to do something because I needed to support myself in that way.
When it comes to money, you can't win. If you focus on making it, you're materialistic. If you try to but don't make any, you're a loser. If you make a lot and keep it, you're a miser. If you make it and spend it, you're a spendthrift. If you don't care about making it, you're unambitious. If you make a lot and still have it when you die, you're a fool-for trying to take it with you. The only way to really win with money is to hold it loosely-and be generous with it to accomplish things of value.
Generally, you want to raise capital either when you have to or when it's really easy. If the company desperately needs money, and they can't figure out any other way, then they need to raise money. Or if someone's offering you easy money on good terms, you should take it because you can use it for good things.
I think the bigger the movie is, the harder it is to maintain the idea of an auteur. You're servicing something beyond just your own vision. Whenever there's a lot of money on the line, it is your responsibility to make sure that you're doing your best to have people not lose their money and to actually win by betting on it.
People look at me in many ways. They've said, 'The guy has no regard for money.' That is not true. I have had regard for money. It depends on who's saying that. Some people worship money as something you've got to have piled up in a big pile somewhere. I've only thought about money in one way, and that is to do something with it. I don't think there's a thing I own that I will ever get the benefit of except through doing things with it. I don't even want the dividends from the stock in the studio, because the government's going to take it away. I'd rather have that in (the company) working.
Strangely, from a life-change standpoint, I sold the company I was running and got divorced in the same month. And so there I was, at home, and I'm not the CEO. I took a few months thinking about what I wanted to do. When the first call came in about running a company owned by Deutsche Telekom, I thought it was laughable and really not something I'd do. I took the meeting mainly because the headhunter I knew. At first I thought I was just helping her fill out the roster, but then I dug into it.
The one benefit of having done all kinds of movies as an actor is, you learn the pros and cons of being tempted to do a really big movie because it costs a lot of money.
So I went to Miami in '74 with my family and while I was there it became obvious that we needed money and we needed to do something, because my family, we left without anything really, and we didn't have any money to begin with.
I win because I learned years ago that scared money always loses. I never care, so I win.
If I was a person that felt success is money, and for some people it is, I won't yuck someone's yum - if that's your thing, that's your thing. Go for it. Make as much money as you can. I don't care. Not my thing. My thing is something else. So I don't miss that. At all. Who needs it? How much money do you really need?
This is something that I do consider to be good advice: I took my first paycheck and I put it in the goddamn bank. Then I took my second paycheck and put it in the goddamn bank. I had seen the roller coaster of my father's career - top of the world, then unemployed - and I never wanted to take a job because I needed money.
The pros really like all the new people playing poker because they love the dead money; but when the money wins they don't like that very much at all.
If we succeed with something, that is only because others are in need of what e have produced. And the more success we have with something, the more people require that we express it. So it goes without saying, as a result of this we in principle never win out, others win. We always lose
The best way to encourage economic vitality and growth is to let people keep their own money.When you spend your own money, somebody's got to manufacture that which you're spending it on. You see, more money in the private sector circulating makes it more likely that our economy will grow. And, incredibly enough, some want to take away part of those tax cuts. They've been reading the wrong textbook. You don't raise somebody's taxes in the middle of a recession. You trust people with their own money. And, by the way, that money isn't the government's money; it's the people's money.
Today the patent office is obsolete. You just take whatever you do, tool up, and start production for six months. At the end of the six months you put the data on all the computer inputs all over the world and you got your business. You can make all your money, and then people can steal it, but by then it doesn't matter because you've made the money up front and you avoid wasting money in lawsuits. [My father] had all these kinds of ideas years ahead of others.
The first thing, when I got the money, I knew I would support somebody. And the person I supported was my family. Because we were really in debt with the money. And - so I gave to my father this suitcase full of money. And he couldn't believe it. And that was something very special.
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