Everybody likes to read other bands success tales. It gives us evidence that tremendous things do occur to normal people. By learning the things they did to achieve success we come a measure nearer to success ourselves. Such may be the situation using the ten tales told in Internet Entrepreneurs Only – 10 Entrepreneurs Tell the Tales of the Success by Gregory K. Ericksen and Ernst & Youthful.
Ericksen interviewed ten of the very most effective entrepreneurs in the turn from the century and presents their tales having a unique but effective utilization of extended quotes in the entrepreneurs. The quotes give you a sense of getting really interviewed the entrepreneur yourself instead of studying a tale about the subject. Each story is all about 20 pages lengthy but reads a lot more like 10 pages due to the big print and free flowing pace.
The Ten entrepreneurs chronicled within the book are Jay S. Master (priceline.com), Mike McNulty and Mike Hagan (VerticalNet), Christina Johnson (pcOrder), William Porter and Christos Cotsakos (E*Trade), Gregory K. Johnson (uBid), Russell Horowitz (Go2Net), Ken Pasterna (Dark night/Trimark), William Schrader (PSINet), Pierre Omidyar (eBay), and Mark Cuban and Todd Wagner (broadcast.com).
Each entrepreneur includes a unique story of why and how they saw the web like a viable starting point a business, and every had an alternative way of having there, but after studying all ten tales you can observe some common threads between these very effective internet entrepreneurs. Even though this book was written at any given time when internet business success was substantially simpler (it was printed in 2000), most of the core competencies these entrepreneurs possess does apply in almost any era to the industry.
Are all very enthusiastic about the things they’re doing to the stage they inspire others around them to achieve the same passion. Are all not scared to consider a danger, whether or not or otherwise others disagree by using it. Together with that, each recognizes that failure is inevitable when taking risks and realizes that future success depends upon the opportunity to study from failure and move ahead.
Another interesting factor which was pointed out in three from the ten tales may be the anxiety about being blindsided by a rival they can’t see coming. All of them discuss the proverbial kid in the basement or garage which comes track of we’ve got the technology that puts them from business. When speaking about Mark Cuban, Todd Wagner stated:
“I understand Mark worries, amongst other things, concerning the proverbial 12-year-old in the spare room [picking out technological breakthroughs] and us being blindsided.”
This commonality is especially interesting, and that i suspect it comes down from the truth that a number of these entrepreneurs WERE That Child plus they fear the 2nd introduction of themselves greater than other things. They most likely fear this “kid” will have a similar passion and determination they had, which, greater than other things scares them.
Basically had look at this book if this was written I’d certainly have suggested it to the youthful entrepreneur. However, years later I suggest it also MORE. I believe that it is must read for anybody searching to enter business or presently in business.
The factor that can be done now you could not do once the book was written is locate out what’s became of these entrepreneurs as well as their companies within the time which has passed because the book’s publication. Among the greatest joys of studying this book was attempting to guess whether these businesses still existed and set up same entrepreneur was still being running them.
Understanding that there is the us dot-com boom and subsequent crash around that point, I believed there is under a 50/50 chance these companies remained as around. I am not likely to ruin the person surprises, but there is a reasonably wide array of directions these companies and entrepreneurs attacked the us dot-com crash.
A few of the entrepreneurs we have all heard about (Mark Cuban), and a few of the companies we all know remain and therefore are very effective (eBay), however, many the typical readers will not know about. Doing the study to discover where they’re today adds an additional dimension towards the book that the readers wouldn’t have observed when they see clearly if this arrived on the scene.