In a web 2.0 world, VC can not find the way to invest since the start-ups are profitable from day one. Mark Cuban recommends “invest in yourself” and maintains that “For under 500 bucks, and 10 bucks a month to a hosting service, you can be up and running and taking on Google.”
All of these suggest that I need more knowledge than money to make myself rich in the long run.
Update: Tom Evslin has provided an excellent summary on the topic of Advisory Capital with the entry in wikipedia! Here is another still comprehensive recap by Stowe Boyd, who originally coined the term.
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