kiruba.com

Posted March 15, 2006

The ‘Blank Cheque’ Company

Imagine this conversation between an entrepreneur and an investor.

Entrepreneur : Hi, can you invest in my company?
Investor: What does your company do?
Entrepreneur : Errr… I don’t know yet.
Investor: Oh ok. No problem. Here’s $150 million.

That’s exactly what happend when three ex-Apple executives took their new company to IPO yesterday. The public investors pumped in $150 million even after reading the company’s official filing statement saying that the founders still don’t know what they will do with the new company.

Overnight, the three founders became richer by $30 million. Now, isn’t that an easy way to make money?!

Read more about it.

Kiruba Shankar

Kiruba Shankar is CEO of Breathe Digital, a digital marketing consultancy. He is an author of 5 books, Professor of Digital Marketing and a Weekend Organic Farmer. More about him at http://Kiruba.com. Kiruba is a Professional Speaker and is the Founding President of the Professional Speakers Association of India. His Professional Speaking site is at http://Kiruba.Pro. He can be reached at +91.9841597744 or Kiruba @ Kiruba.com.