Opportunity Zone -- Online Entrepreneurship Without Venture Capital Risk

Author: Arnold Kling, translated by Wang Ke
Publisher:
Publish Date: 2002-07-01
Features: The tragic downfall of many famous internet companies has scared off new entrepreneurs who once had grand ambitions, as well as investors who were once overly generous to the point of recklessness. For those who firmly believe in the future of the internet economy, is there a truly effective and actionable way to start a business? The internet economy hased a paradox—everyone knows that the internet is becoming an unavoidable way of life, and therefore it undoubtedly holds infinite opportunities. However, the tragic downfall of many famous internet companies has scared off new entrepreneurs with grand ambitions and investors who were once overly generous to the point of recklessness. For those who firmly believe in the future of the internet economy, is there a truly effective and actionable way to start a business? Arnold Kling warns you: forget everything you’ve read about starting an internet company, forget those peak IPOs, forget Silicon Valley and venture capital. The features published in magazines like Forbes, Fortune, and Industrial Standard are merely insignificant fragments of what’s happening on the internet. In this unique and timely guide, Arnold Kling, an online entrepreneur who sold his own company for $85 million, introduces readers to dozens of company founders who started their websites without venture capital, and their success stories are instructive. A new medium of operation doesn’t necessarily have to break away from traditional business ties, and IPOs aren’t the only goal for internet entrepreneurs. Kling warns internet entrepreneurs not to waste time desperately seeking help from successful investors who are obsessed with high-dollar investments. He provides clear and practical guidance on how to create a truly profitable internet company, from evaluating business ideas to finding the best partners, and wisely applying internet technology. He systematically plans out a solid company that operates freely outside the radar of market fluctuations and investor control.