Josh Bolinger: A Smarter Way to Invest
How do you make your money work for you in a way that makes the world better?
Certainly the best-known investment destination in America is the stock market. But the stock market is heartless, meaningless, and ultimately without substance. Plus, every few years, it makes everyone’s money magically vanish. Poof!
Investing in startups is far more rewarding, I think. For my own part, I think it is a far better use of investment capital to be on the leading edge of technology, developing ground-breaking technologies and changing people’s lives.
It can also be highly profitable. For example take a look at Tumblr, started by a teenager and sold for $1 billon dollars. Or WhatsApp, started by a guy who couldn’t get a job at FaceBook or Twitter, sold for $19 billion. These are outliers, but companies are hungry for fresh new ideas and thousands of small startups are getting bought up every day.
I think finding the best and brightest, funding their ideas, and making real change in the world is where the smart money is going to be in the next decades. It’s definitely where my money is going to be.