Overmatter pointed this article from Bo Peabody on Inc.
I have never met Bo, however, I see Village ventures in some of the deals I look into in the North East. It’s refreshing to hear someone say, after the party’s over, he really didn’t predict everything that was happening. I wonder if his investment companies are learning that lesson?
Being asked on how to make money for the company by the board. They probably were serious, it was hard to actually gain currency in those days. Bo understood it, even as he was playing the internet CEO. But here’s what we didn’t hear, he never figured it out. I never figured it out. A lot of people never figured it out, and some are still in the process of not figuring it out. There may be no answer to this riddle. But at least, here was one person saying, “I don’t know, but I quit while I was ahead.”
The halcyon days are over. We’re all going back to work. Some who managed to cash out during the good days have a longer runway than others. It would be a mistake to follow in their footsteps today. Their path to success may be replicated by someone, but it’s unlikely, and probably not by anyone reading this blog. Ignorance can be a wonderful advantage in doing something that is fundamentally unwise.