Monday, March 1, 2010

8. A visit from Derek Young

Derek Young is a pretty interesting entrepreneur who really likes to start company's. In fact, every time that Andrew Fry sees him, he is on the way to starting a new company. Everything that he seems to start doesn't really seem that it connects together in the since that he probably just enjoys starting businesses.
One thing that I thought that was kind of interesting is when one of his businesses is not doing well that he just lets it go. This is in a bit of contradiction of one of our previous speakers who said that if you want investors, you need a bit of skin in the game so that when the going gets tough that you don't just drop the business. Although, I think that he tries to put most of the money into the business. But also I guess that he does deal with difficult times if he has only started to be in to positive side for exit133 after putting tens of thousands into it.
When he tried to explain the business "Seasonal View" I felt so confused. I think that I started to understand it at one point which it is something to do with helping different departments of the same company link together to communicate. I want to quote him on one part because it made the most sense about that company Seasonal View(probably not exact to his words but close)- "If you have to ask us what we do you will never hire us, you come to us because you know what we do and need our services".
I liked the idea of suite 133 in the since that if I want to start a company that it would be a place to go if I need office space. The site is pretty simple for it though, I guess that there isn't too much to say about it but at least it isn't difficult to figure out what the price is. I also noticed that his business of Seasonal View was in the bottom portion of it where it tells you who the members are.
I was a little confused on Exit 133 about how he was paying people for the articles they would write before the site had any ads or anything that would show profit. I guess that I was also confused about why would people have a deadline to write a blog post unless the people who are blogging are more of employees instead of people blogging.

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