Greed is good, or at least it was

February 2, 2011

I don’t know whether I’m getting old or soft or what, but the movie, Wall Street:  Money Never Sleeps, had an entirely different effect on me than the original, Wall Street.  My wife tells me it’s because the first Wall Street was good and this one isn’t. Maybe.  But, the whole “greed is good” concept used to resonate with me. I even bought a dozen copies of the DVD Glengarry Glen Ross for staff to watch at a previous company I ran. They knew “coffee was for closers” and that steak knives meant failure.

Today I look at the world differently. Having dealt with my fair share of unscrupulous bankers, I’m apparently a kinder, gentler CEO who now values integrity over greed.  I say this because the Wall Street sequel compelled me to think less about making bags of money and more about finding and hiring ambitious young hot-shots with integrity (they actually do exist in the real world) and giving them exciting projects to work on. It also reminded me not to give away trust lightly, especially to people that manage my money. But most of all, Wall Street: Money Never Sleeps reinforced my desire to invest in technologies that will make the world a better place.

While my new company isn’t inventing underwater, green fusion technology, we are attempting to usher in a broadcast television renaissance.  Free or low-cost TV over the Internet is noble, right? Sure it is. And if you don’t buy that, then at least we can agree that choice is worth fighting for and I don’t mean 500+ channels of choice for $150 per month.  I mean you choose what you want to watch when you want to watch it on any device that happens to be handy (phone, TV, lap top etc.) for a price you choose. That’s what I’m trying to do for both consumers and broadcasters.  Hey, maybe they’ll make a movie about it.