For the last several years I have invested in seed stage start ups. My whole life, I have been entrepreneurial. When you are an independent trader, you are really an entrepreneur. I just never scaled it like my friends at DRW Trading or JUMP Trading did, nor did I start a front end ISV like my friend did at Trading Technologies. My bad. Woulda, shoulda, coulda. Three worst words in entrepreneurship.
There are several reasons I didn’t. I certainly had the ideas. But ideas are nothing until you turn them into something and actually create value-earn a profit. Or at least generate revenue. Until you do that, it’s just an idea on the shelf.
The museum I am involved with is extremely entrepreneurial. The WW2 Museum President, Nic Mueller is fond of saying, “Try 100 things. If you fail at 98 of them so what? You will make things happen and the museum will be better for it.” The staff has taken it to heart and it motivates me.
Over the past two years, an idea has been marinating in my mind. Recently, I was able to connect with two other capable people to actually engage in it. A later blog post will describe in detail what we are doing, but until it’s settled and launching, I don’t want to explain it. It looks good right now, but I bet the founders of pets.com thought so too.