Entrepreneurs face some pretty tough questions at a very early stage. Should I take Angel or VC money? How much money should I raise? How much equity should I give up? How much equity should I grant to early employees?
It’s easy to say that newspaper companies are screwed, but it helps to run the numbers. Know why they’re screwed? It’s not the cost of paper, ink, trucks, printing plants, and other physical distribution expenses. It’s the cost of content creation.
Bullshitters seek to convey a certain impression of themselves without being concerned about whether anything at all is true. Liars at least acknowledge that it matters what is true. That’s why bullshit is a greater enemy of the truth than lies are.