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Recent content by Velo

  1. V

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    There's a little known large cap company called Antero Resources (AR). They dropped below $1 per share at the depth of the C-19 pandemic (or "scamdemic" depending on your view - this is a highly controversial subject so I'll let you decide). I noticed this company too late for my liking...I...
  2. V

    How to Kill Your Loyal Following: Use NFTs for Crowdfunding

    OFF-TOPIC 
    Stock market scams were unsurprisingly common back in the 1800s. (They still are - but disguised more carefully) One of those involved some shady dealer selling you "stock" when in fact it was just some fake certificate that claimed you could "redeem" for the par value at some certain point in...
  3. V

    Basic Stats 4 Entrepreneurship

    MARKETING 
    If you learned about (or intuitively understand) binomial distributions already, congrats. If not, do the following: 1. Go here: Binomial Calculator 2. Put 0.01 in the box "Probability of Success on a single trial" 3. Enter 100 in the box below (Number of Trials) 4. Enter 0 in the box below...
  4. V

    What I learned spending $40k and one year launching my app.

    GOLD! EXECUTION 
    Excellent OP. A long time ago, in a land far, far away, I made the mistake of paying a "web design agency" because I thought "lol, the websites I build won't be good enough to attract clients/customers." $10K down the drain. $10K that could've gone to ads, marketing, or hiring marketing...
  5. V

    How much were CPC/CPM figures back in 1999? (Serious Discussion)

    MARKETING 
    There's also selection bias when it comes to PPC agencies. PPC agencies will quote biased statistics like, "Our clients get a 3x ROAS. Therefore PPC is amazing/the best thing since sliced bread." It doesn't mean that if YOU try doing PPC, you will get anywhere near the same results. Their...
  6. V

    How much were CPC/CPM figures back in 1999? (Serious Discussion)

    MARKETING 
    Your #2 confirms my point...which is that when people start out they will usually not have (or are extremely uncomfortable) with something like $8k/day so that option is unviable. What your post tells me is, "If you spend a lot of money, your chances of getting a decent return on Google Ads is...
  7. V

    How much were CPC/CPM figures back in 1999? (Serious Discussion)

    MARKETING 
    Just wondering since I'm pretty sure "test your campaign/strat out with some Google or Facebook Ads" isn't the best road going forward in 2022 unless you sink $1000+ immediately. While $1000 is insignificant in the grand scheme of things, there are 3 things to keep in mind: 1) It can take a...
  8. V

    The Proliferation of "Outdated Advice"

    MARKETING 
    Let me give you an example: Less than a year ago, I read someone (not on this forum, but on some other forum related to business) saying that a "free way" to promote your business is to go into various groups on social media (e.g. Facebook) and then promote your business by saying you'll do [X...
  9. V

    Looking for feedback on startup idea

    IDEA 
    Idea is less important than execution, which includes but is not limited to your sales process, your choice of distribution (marketing) channels/means, your ability to separate the wheat from the chaff when it comes to employees (if you do end up hiring), and how well you know the technical...
  10. V

    Why do successful people hide?

    MINDSET 
    Rats come out of the woodwork once they find out how much $$$ you make. I actually have a goal of financing a small percentage (maybe like 20-25%) of some of my close friends to buy small businesses so they can have a small taste of "financial freedom." I don't have much interest in lending (or...
  11. V

    Is THIS the reason why young entrepreneurs are destined to fail? The problem I'm having with Fastlane...

    QUESTION 
    People are more likely to fail if 1) They don't really believe what they are doing is valuable (unless you are a sociopath willing to rip people off, you will essentially be "fighting against yourself" the entire time) 2) They don't have a true "end goal" in mind (traveling the world and...
  12. V

    Why Facebook is a Joke (And various social media/smartphone insanity)

    NOTABLE! HOT! MARKETING 
    Fake it till you make it personifies FB...sorry I meant "Metaverse" BTW Metaverse sounds autistic as hell...no offense to people who actually have autism.
  13. V

    Fed up!!! Going back to a 9 to 5 life !

    HOT! MINDSET 
    Thank you very much for this thread. It's important for all of us to acknowledge both the successful and not-so-successful stories. Human resources is indeed a major challenge. I personally hate dealing with people so I will keep staff to a minimum (read: zero) for as long as possible. If you...
  14. V

    Why are people so lazy nowadays? Is it a generation thing?

    HOT! OFF-TOPIC 
    Actually let me rephrase this topic in another perspective - one that is based on a subject hopefully more "neutral" than "he said, she said" - behavioral economics. Let us assume that it IS true that younger people today are much lazier. (We can define "lazy" as "less likely to engage in...
  15. V

    Why are people so lazy nowadays? Is it a generation thing?

    HOT! OFF-TOPIC 
    There were plenty of lazy people back in the day as well. You just didn't hear about them as much as you hear about them now since social media is flooded with those types. People did not "buckle down" and do the grind as they would have you believe. Recreational drugs, smoking w/ their pals...
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