Comments on: Front Ears of Science http://horse-you-rode-in-on.com/2009/01/03/front-ears-of-science/ Random rants and curious explanation. Tue, 07 Feb 2012 18:47:46 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Al http://horse-you-rode-in-on.com/2009/01/03/front-ears-of-science/comment-page-1/#comment-2610 Al Thu, 08 Jan 2009 02:53:09 +0000 http://horse-you-rode-in-on.com/2009/01/03/front-ears-of-science/#comment-2610 Ah, I remember it well! Greasefoot preceded -- and set the blueprint for -- Federal Express. As so often happens, the original innovator is not the one who ultimately gets rich on the innovation. A near miss. As was your groundbreaking startup of the J. Penniless Company, inventor of the Build-A-Pencil kit. They just don't make 'em like they used to. Ah, I remember it well! Greasefoot preceded — and set the blueprint for — Federal Express. As so often happens, the original innovator is not the one who ultimately gets rich on the innovation.

A near miss. As was your groundbreaking startup of the J. Penniless Company, inventor of the Build-A-Pencil kit. They just don’t make ‘em like they used to.

]]> By: Mark http://horse-you-rode-in-on.com/2009/01/03/front-ears-of-science/comment-page-1/#comment-2607 Mark Wed, 07 Jan 2009 21:23:04 +0000 http://horse-you-rode-in-on.com/2009/01/03/front-ears-of-science/#comment-2607 The 'blood clot' story about mismanaged statistics illustrates a problem rampant in the business press. New start-ups issue sparkling press releases with dizzying claims of growth, all based on the same flaw ... 500% year-over-year growth is easy when you go from 1 customer to 6. Going from losing your investors' money to finally making a $20 Net Annual Profit is more than a gazillion percent improvement. This actually happened to me as CEO of the Greasefoot Messenger Service, Ltd., but our IPO went exactly nowhere. Go figure. The ‘blood clot’ story about mismanaged statistics illustrates a problem rampant in the business press. New start-ups issue sparkling press releases with dizzying claims of growth, all based on the same flaw … 500% year-over-year growth is easy when you go from 1 customer to 6. Going from losing your investors’ money to finally making a $20 Net Annual Profit is more than a gazillion percent improvement. This actually happened to me as CEO of the Greasefoot Messenger Service, Ltd., but our IPO went exactly nowhere. Go figure.

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