Ankesh
March 7, 2011, 11:51 AM
Thanks TW. You're pretty close. Except for the negative connotations you have in your mind - aka with Madoff.
Madoff borrowed money to hide losses. And then borrowed more money to further hide losses. And then borrowed more money to hide even more losses - until it became unsustainable.
Thats not the case with our story.
The lesson is leverage. Leverage other people's resources. If you don't have money, leverage other people's money. If you have money, leverage other people's ideas + hardwork.
There is a lesson of parlaying in it too. But a better parlaying to success story is: http://oneredpaperclip.blogspot.com/2010/08/red-paperclip-story.html
Or google for "doubling to millions" blogs and read the stories. Some awesome stories of parlaying to success.
Madoff borrowed money to hide losses. And then borrowed more money to further hide losses. And then borrowed more money to hide even more losses - until it became unsustainable.
Thats not the case with our story.
The lesson is leverage. Leverage other people's resources. If you don't have money, leverage other people's money. If you have money, leverage other people's ideas + hardwork.
There is a lesson of parlaying in it too. But a better parlaying to success story is: http://oneredpaperclip.blogspot.com/2010/08/red-paperclip-story.html
Or google for "doubling to millions" blogs and read the stories. Some awesome stories of parlaying to success.
