Bootstrapping reality

In 2013, I interviewed Jason Calacanis, the angel investor.

I asked him: “Why do venture capital investors take these big risks with their money?”

He replied:

There’s a lot of money in the world. There are trillions of dollars just sitting around, and people are bored. The money is bored! Money wants to burn! Money does not want to sit in a safe.

What an interesting idea: “the money is bored.”

Jon Buda and I are bootstrapping Transistor.fm and Spots.fm. We’ve invested our own money into both...