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Title: The Monk and the Riddle: The Art of Creating a Life While Making a Living by Randy Komisar ISBN: 1578516447 Publisher: Harvard Business School Press Pub. Date: September, 2001 Format: Paperback Volumes: 1 List Price(USD): $14.95 |
Average Customer Rating: 4.14
Rating: 5
Summary: Excellent for Young Entrepreneurs & New Angels
Comment: This is an excellent book for two groups of people: Young Entrepreneur seeking seed or early round financing for an idea or business; and young financiers entering the field of Angel Investing.
It is not a book for "get rich quick" entrepreneurs looking to create yet another burger.... not that you could in this corrected and more realistic market environment. It speaks to the heart and soul of the entrepreneur looking to build a solid company based on a passion for what they do, and to the Angel who wants to help others realize their passion.
Young entrepreneurs will find Randy Komisar's business philosophy and words of wisdom useful in structuring and focus the thinking around the business plan. And it will help organize the presentation to capital sources. It offers the insight of an experienced manager and operator who has been through the ups and downs of various new ventures and may just help you avoid some of the dumb mistakes.
Young Angels will find it offers a lot of helpful guidance for thinking about the plans your looking at. Even if you have management and operating experience you'll find this a useful articulation of many key points.
Rating: 5
Summary: It's an old concept put into new meaning in the Internet Age
Comment: You may not have heard of Deferred Life Plan or Whole Life Plan, but you definitely have come to think about life's meaning and many would have preached you about living for the life rather than earning for the life, though many actually do the opposite. This is an old concept, but the author spent many years of professional experience to finally "taste" it, and he candidly shared that with readers, many of them are probably indulged in the cash in cash out Internet make-riches mentality these days. I'm sure this book can inject a new meaning of professional life to readers, so it did to me.
The narrative short story format made it a very interesting read, I pulled an almost all-nighter (till 5am) to finish the second half. The writer(s) cleverly blended the main story (how Randy was pitched on a online funerals ideas by a would be entrepreneur) with Randy's previous professional lives, back and forth but smoothly, linking it to some well-known storied of the Valley, giving the book a much broader perspective and making it much more convincing.
Rating: 2
Summary: a little too simple
Comment: An interesting book that wants to be the zen-like parable of the internet age with Komisar as the zen master proferring advice from the tables at the Konditorei coffee shop in Silicon Valley. And Komisar does do a nice job of articulating what he thinks is important for a business start-up to succeed. A lot of it has to do with recognizing the difference between passion and drive. Passion for a business is far more valuable an indicator of potential success to Komisar's mind and we spend the pages of this short book hearing his advice to his grasshopper...er, student entrepreneur. While the book is a good, easy read, I couldn't help but feel that the author comes off as a bit of a smug know-it-all who finally gets the sadsack of a mentee over to his way of thinking, the right true way, of course. All this is easy enough when you're telling the story and protecting the identities of the ones who need to be coached into coming around. Not sure if there's much here to help those who want a real-world view of what it's really like to make their way as a startup in search of capital, especially as the markets for capital get tighter. Still, business readers seem to love parables and pearls and there are plenty of those tossed in here.
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