Fear, Greed and Opportunity
By far, my favorite course at HBS was Bill Sahlman’s Entrepreneurial Finance class. Week after week a unifying theme would emerge from the various case studies that portrayed entrepreneurial visionaries in relentless pursuit of a market without regard to the resources required: Whether from the perspective of the entrepreneur or the investor, it’s always “a horse race between fear and greed”.
This morning I awoke to this blogpost by Don Dodge which takes the concept a step further and clarifies the motives of investors/markets vs. the motives of entrepreneurs pursuing new markets. Please take a look at Don’s “Markets driven by fear and greed – Entrepreneurs by opportunity” and gain a new perspective on the difference between what’s driving our capital markets vs. what’s driving entrepreneurs. It’s dead on.