Capitalism Breeds Progress




Everyone Funding Startups show

Summary: Image via CrunchBase Michael Robertson is a tech entrepreneur with almost 20 years under his belt from various initiatives, for example  mp3tunes and mp3.com that he listed in the largest Internet IPO of all time. Michael joined us on our podcast to talk about his learning points from his journey. We talked about how Michael got started, his learning experiences through courtrooms and the humbling process of a failure, but also how the context and response to his initiatives has developed through various occurrences. We also touched on the bias toward government driven initiatives and non-profits as automatically providing value to society. Is that really the case? You can read up on Michael and follow him on his website. Listen to the episode here. Here are some quotes from the episode: What I see in the US, is a real bias that anything Government directed or charitable is good for society. That is a concept that people do not grasp. They think that non-profits are making our societies better.. and the for-profits those are greedy companies. And I think that in a lot of instances, the opposite is actually true. Quite often you see online people who say, you know here is the right formula and here’s what you have to do, and you have to go get this board of advisors and then do this and then do this… and you know, it’s just not that way. I remind people that the music companies sued the first mp3 player as well.