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November 10, 2006
Jerry Seinfeld on Venture Capital (sort of)
While comedian Jerry Seinfeld was talking at the Foursquare conference about the entertainment industry's skittishness about funding risky new programs, he might as well have been talking about the venture business:"I think of the entertainment industry and Detroit similarly," Mr. Seinfeld said as he dressed down the television executives in the room for not being bolder in their programming. "They don’t have confidence in their instincts. Maybe they don’t have instincts to be confident in?"
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Here is a suggestion to put some confidence in their instincts: they have all these contents sitting in the library vault but don't know how to monetize it, let babamix(dot)com have a go with it...