Re: Fyrefest 2017
Posted: January 28 19, 10:55 am
Yeah. what was he, 28? He is like having a salesperson running a business with no operational knowledge..Sell Sell sell, with no regard to margin or whether product can be delivered or even exists.
Complicating matters is that much of what he actually selling was the FOMO BS/hype/status. It was what the customers wanted, the chance to snap a selfie looking like they are having fun in proximity of glamour. i.e. The end piece of netflix showed people buying a session to pretend they were in a private jet.
Billy seemingly didn't fully grasp the dividing line between fake hype magic and real. Amazing that grown up investors gave him $ ...though they probably inherited their wealth.
I haven't seen hubris at his level, but will say it is amazing how clueless some people are that enter into business.
Reminds me of a larger scale version of nephew in college that wants to be a EDS music DJ dude. Like Jason on The Good Place, lol. .
He is not a dumb kid, but he is frat boy. No musical training, or music software expertise, but he is pursueing this aspect... as much as a partying college boy can. But its not Berklee college of music or anything.
The other day he had a gig, my daughter shared pics and said it looked great. I find out day later he paid over 500 worth of his friends bar bill, got the money via venmo access to his parents' acct. I feel for my bro/sis in-law. Hard to tell when to squash a kid's dreams. Time to do him a favor and cut the funds.
Anyways, it is interesting -the significant chunk of our economy is hype/creativity endeavors. The young people that produce it vs the clueless old people with the money to throw at tapping into the millenial market etc.
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not the same, but is the Theranos documentary out yet?
Complicating matters is that much of what he actually selling was the FOMO BS/hype/status. It was what the customers wanted, the chance to snap a selfie looking like they are having fun in proximity of glamour. i.e. The end piece of netflix showed people buying a session to pretend they were in a private jet.
Billy seemingly didn't fully grasp the dividing line between fake hype magic and real. Amazing that grown up investors gave him $ ...though they probably inherited their wealth.
I haven't seen hubris at his level, but will say it is amazing how clueless some people are that enter into business.
Reminds me of a larger scale version of nephew in college that wants to be a EDS music DJ dude. Like Jason on The Good Place, lol. .
He is not a dumb kid, but he is frat boy. No musical training, or music software expertise, but he is pursueing this aspect... as much as a partying college boy can. But its not Berklee college of music or anything.
The other day he had a gig, my daughter shared pics and said it looked great. I find out day later he paid over 500 worth of his friends bar bill, got the money via venmo access to his parents' acct. I feel for my bro/sis in-law. Hard to tell when to squash a kid's dreams. Time to do him a favor and cut the funds.
Anyways, it is interesting -the significant chunk of our economy is hype/creativity endeavors. The young people that produce it vs the clueless old people with the money to throw at tapping into the millenial market etc.
-------
not the same, but is the Theranos documentary out yet?