tag:blogger.com,1999:blog-17725117.post113196421414337293..comments2023-11-05T11:47:43.685+00:00Comments on View From The Pundy House: Blessed are the naysayerspundyhttp://www.blogger.com/profile/08953515400835290781noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-17725117.post-1132001240944246302005-11-14T20:47:00.000+00:002005-11-14T20:47:00.000+00:00Hey, nonny, I didn't say that lawyers, accountants...Hey, nonny, I didn't say that lawyers, accountants and bankers are stupid or malignant. Certainly not malignant, anyway.<BR/><BR/>Very few of them have the vision of an entrepreneur and all of them are risk-averse.<BR/><BR/>I'm not critising them for these characteristics. That's why they are what they are. Just don't expect any creative input or support from them.<BR/><BR/>The funny thing is, the majority of the start-ups they do back go bust. The figures are disputed for political reasons but there's plenty of research to show tha 80% of start-ups fold within five years. Usually, I believe, because of bad management.pundyhttps://www.blogger.com/profile/08953515400835290781noreply@blogger.comtag:blogger.com,1999:blog-17725117.post-1131989569426771162005-11-14T17:32:00.000+00:002005-11-14T17:32:00.000+00:00It's probably fair to say that lawyers, accountant...It's probably fair to say that lawyers, accountants and bankers are not characteristically stupid or malignant.<BR/><BR/>Their frequent negativity when confronted with a bold new idea is probably based on a secure knowledge of percentages: 'I know of five cases in which someone has tried something like this, and it's failed in four of them.'<BR/><BR/>The negative attitude of publishers to their slush pile is, I think, a different phenomenon. Virtually all slush-pile submissions are dreadful, and they find that panning for gold just isn't worth their while.<BR/><BR/>Sadly, I can't see this changing, so if you've got a serious idea on how to circumvent the system, let's hear it. At the very least, I'll promise you a considered response.Anonymousnoreply@blogger.com