James Altucher's Social Links
James Altucher is an American hedge fund manager, entrepreneur, and bestselling author. He has founded or cofounded over 20 companies, including Reset Inc. and StockPickr and claims to have failed at 17 of them. He has published 11 books, and is a frequent contributor to publications including The Financial Times, TheStreet.com, TechCrunch, Seeking Alpha, Thought Catalog, and The Huffington Post.
In 2006 Altucher founded the financial social network StockPickr. The website is a community based trading website which offers stock picks from amateur investors, a discussion forum, a stock market blog and thousands of professional stock portfolios. The website was named among Time Magazine's 50 Best Websites of 2007, and sold to TheStreet.com the same year for $10 million.
Currently, he serves as Managing Director of Formula Capital. He was a seed investor in Buddy Media, which later sold to Salesforce.com for $745 million. Altucher also has investments in bit.ly, Ticketfly, CTera, Acebucks, Cancer Genetics, Optimal (where he is a board member), and several other companies. Altucher has previously held positions in companies such as 212 Ventures and Corporate Resource Services Inc, as well as Stockpickr LLC and Vaultus Mobile, both of which which he founded.
Altucher has written 11 books, both self and big six published. Altucher's 2011 book, I Was Blind But Now I See, reached No. 1 in Amazon.com's motivational books section for 2011. Altucher's writing appears in such publications as the Financial Times, Wall Street Journal, TheStreet.com, Forbes, Yahoo Finance, TechCrunch, ThoughtCatalog, and Fidelity.com. He has appeared on CNBC, Fox News Channel, Fox Business Network, Bloomberg TV, and CNN Radio.
Altucher launched his blog, Altucher Confidential, in October 2010. In the first year, the blog had over 5 million page views.
Altucher's 2013 book Choose Yourself, debuted on the Wall Street Journal Bestselling-Books list.
Companies and Investments
Only build something you really want to use yourself. There’s got to be one thing you are completely desperate for and no matter where you look you can’t find it. Nobody has invented it yet. So there you go – you invent it. If there’s other people like you, you have a business. Else. You fail. Then do it again. Until it works. One day it will.
Question each and every hire. You will of course need to hire people to expand your business, but make sure they are right for the job and it is worth spending the money.
Try to be profitable as quickly as possible and do not raise money unless you have to.
If you are trying to sell your company, start talking to potential acquirers a year in advance. When they need a company like yours they will know who you are. Also, if it isn't easy to sell your company, chances are you need to continue building it.
In your personal life make sure to get enough sleep, exercise, and be emotionally fit.
Instead of going to entrepreneur meetups, WORK!
James Altucher's Quotes
James Altucher - But business is just a vehicle for transforming the ideas in your head into something real, something tangible, that actually improves the lives of others. To create something unique and beautiful and valuable is very hard. It’s very special to do. It does not happen fast.
James Altucher - People say, “Execution is important”. That’s not really true either. Execution is useless. It’s a commodity. The only thing that’s important is money. You get money by having a customer. You get a customer by satisfying a need that’s so important to them they would be willing to pay for it. If you have a customer that’s willing to pay you money, then execution becomes a lot easier. Life as an entrepreneur is hard. Why make it harder for yourself?
Warren Buffet, Seth Godin