It’s pretty clear that this isn’t a road to riches. Traditional publications don’t pay hefty salaries, and it’s difficult to break into them. Freelance writing provides some opportunities for a solid living, if you know how to manage your personal business effectively, but you have to work at it. Starting your own business seems to be the only way to hit it big, but this isn’t exactly news. It’s one of the few ways one can generate real wealth. For writers, however, even this angle may be inherently constrained.
Two recent news stories got my attention and made me think about this.
Private company valuations on SecondMarket (and other similar “exchanges”) make for great blog fodder, but I’m not sure I buy into the hype. The latest result for Facebook is a $25 billion valuation … for a company that celebrated being cash flow positive a year ago and has yet to turn a profit.
Queue the sock puppets and launch a black rocket. It’s 1999 all over again.
Let’s compare it to the actual values of public companies like AOL ($2.3 billion) and Yahoo! ($21 billion), as reported by TechCrunch today. Facebook at $25 billion without any real liquidity? I’m having trouble stomaching that one. Of course, I’m something of a skeptic, so take my opinions with a grain of salt.
Don’t you hate it when an article runs with a photo of you, and the photo selected absolutely sucks? Whether it highlights your worst features, catches you looking like a retard or is fucked up in some other manner, you look like a moron in front of the world. Well, that happened to me today.
In my latest post for Gadling, AOL’s travel blog, I ran a photo with my article. So, if you read about trends in European online travel booking, you’ll get a great spot of a bald spot.
Who did I embarass with this artwork? Well, me. I figure if I can do it to other people (and I have), at least now I can tell them that I’m an equal opportunity offender.