In what may be seen as a stroke of business genius, or more likely the coming of the Apocalypse, a venture capital firm has invested USD 30 million into the Cheezburger network.
That is a lot of change for an enterprise famous for such things as LOLcats, FAIL, and other similar examples of rocket science.
For those unfamiliar with what is worth USD 30 million, here is Cheezburger in action.
Lessons for potential entrepreneurs?
I am sure there are a few in this transaction.
1. You do not need to develop cutting edge technology to be successful. Nor do you require a lot of money to get started. A creative and simple idea may be enough.
Self-belief and hard work is also necessary, regardless of the concept.
2. Until you try something new, you never know what people will find amusing or worthy of their attention. And it is not what is interesting to you. It may be a stupid idea in your mind. But if it catches the attention of enough people, there is a potential consumer market.
3. Even though there are concerns about the global economies, there are still wealthy individuals who want to invest in businesses.
4. Venture capitalists think outside of the box when financing deals. You do not necessarily need to be in a traditional business to raise money.
5. Some might say that old saying is still applicable, a sucker is born every minute.
6. I shall start incorporating cats into my posts. If I can convince investors to shell out even 10% of the Cheezburger haul, I will be quite pleased.
My ticket to future riches!
