I’m starting to realize that to get rich, one needs to hang out with rich people but I’m not sure where to meet them. The only places I can think of are Silicon Valley and New York (no I don’t know where in New York they are).
Why have rich friends?
- If they didn’t make the money themselves, they at least know people who did can learn from them
- They’re the ideal customer because they can pay more for the same product
Really depends what you have to offer. I’m not very rich but rich enough (and an entrepreneur -> how I got rich) for people to bother me with ideas or plans etc but have nothing in return.
Most obvious and most commoni; ‘I have this plan, but I cannot do anything myself’ and then trying to get ideas, strategies, money etc from me. Thing is ; I have the people, the tech knowledge, the marketing knowledge *and* the money to make things from scratch and make them work. So what do I need you for? The successful collabs I had was, what you said, if some has a great product; my companies can be the first paying users, but i will want something in return. As i’m an entrepreneur, I will bank on your success with me ‘investing’ (being a first mover and having more patient for bugs etc than other paying clients would have) so I will want a % in the company owning the product. Another way which I have done, is if somehow has an idea and indeed can at least build it themselves.
But people doing cold-call sales on me because they know i’m rich and indeed ‘pay more for the same product’ I sniff our quickly and indeed will never waste my time on.