For Love Or Money?Could The Beatles' "Money (That's All I Want)" be the theme song for today's young entrepreneurs? You be the judge.
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Selling out. It's taboo in so many social circles. But inbusiness, it's practically en vogue. Ever since independentinnovations in software and Internet spaces became prey for techmanufacturers and Internet portals seeking increased brand power,the minds behind them have willingly begun to accept a lump sum--ofcash, stock or salary at a new corporate job (complete withhigh-walled cubicle)--in exchange for their contribution totechnological advancement.
And don't forget the white-hotselling-out-to-the-public-to-raise-tons-of-money-and-maybe-get-richmethod, where the founders of Private No More Co. can still claimownership--along with a bevy of shareholders. Now no one'ssaying it's right or wrong. But aside from the fact that thistrend is altering the strict definition of"entrepreneur," some insiders fear wealth-centrictemptations--primarily of the IPO sort--will lead to business plansdevoid of substance and multimillion-dollar ad campaigns backingshoddy products. To investigate whether the old-fashionedentrepreneurial ethic of starting up for the sake of autonomyrather than making obscene amounts of money overnight still exists,we asked several young current and former business owners whatmotivated them. If anything, our findings were refreshing.
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