Re: UKNM: anyone got capital?

[Rick Sareen]

At 6:47 pm +0000 21/6/99, Simon Wadsworth wrote:


>It is possible to convince investors to part with

>hard earned (or otherwise) cash but a good idea alone is unlikely to

>succeed. A track record and incredible financial reporting mechanics

>in place, go a long way.


Do you mean a *sucessful* track record, Simon?


I ask because in this country we have an attitude to "failure" (aka: had a

go) that is not mirrored in the USA . Here you are written off if not

immediately sucessful, whereas in the US some previous failures are seen as

a plus.

As all our mums told us: you learn from your mistakes.


Also, if you are a sucessful entrepreneur, you are not likely to walk away

from something that is working, so there seems to be something of a Catch

22 here.


Perhaps the UK market should take extra note of the word "venture":-)


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Rick Sareen

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