It has never been easier to become a billionaire.
You don’t even need a profitable company these days.
If you’re really charismatic, you don’t even need a working product. Just a cool video and a blaze of content marketing.
There are dozens (probably hundreds) of publicly traded companies that have never turned a profit. Never. They are losing billions and nobody seems to mind.
No doubt, companies like Uber are building the next generation of infrastructure and paying for the privilege. Networks are one of our superpowers and worth investing in.
But most of these spiffy startups are not doing anything new. The direct-to-consumer model existed long before the internet.
They are solving the same old problems we have always had but in new ways, and a new story behind it.
And that is all you have to do too.