What is the relationship between money and entrepreneurship? Marco Fuxa: Investor and Entrepreneur

Sam foreign.

My name is Stuart Allsop, and this is my podcast, Crazy Wisdom, where I interview creative people about how they work with and manage the stress that is inherent in creative work. What I've realized over the past 10 years of my research is that anybody who is creating something of value that is significantly different from what has come before is considered crazy. Most of us have a fear, an ingrained fear of going crazy. So what I'm saying is grab onto that fear, realize that it's there, and just go with it. Because the problems we're going to be facing over the next 20 years require crazy people in order to solve them. Welcome to the Crazy Wisdom podcast. My guest is Marco Fouscia. He is a serial entrepreneur. He started and invested in many companies before and is now in the uncertainty place of where to go next. And as he was just describing, the whole point of business and the whole point of entrepreneurship is to make money. And so he's looking for something that will make that money. And like, I've been following you on Quora for a long time, and I've found a lot of wisdom, both in the business sense, but also in this other, like, life sense. You have a lot of interesting insights into life itself. So welcome to the show, Marco.

Thank you very much.

So, money, what is the relationship between business and money?

Well, I think entrepreneurship is about finding an opportunity that allows you to make money. There are a lot of great ideas out there, a lot of very interesting ideas. But interesting ideas don't necessarily mean you can, A, capitalize on them, A, make money off of them, or B, they might not even be of interest to more than 10 people in the whole United States of America or the world. I think at a certain point, entrepreneurship is about finding opportunities that people can connect with, finding some utility that people are willing to pay for. At the end of the day, that's, you know, the commercial success is what determines whether something is real or not. I have a lot of very interesting ideas, but interesting ideas, you know, don't pay the bills. You have to connect with other human beings, with other businesses. I think that's the key determinant of a good business is finding that fit. Again, you know, interesting ideas are interesting ideas, but, you know, those belong in a different sphere. You can always pursue them. Forgive me. You can always, you know, invest time and money on them if they give you pleasure. But at the end of the day, when you're running a business, it's about running a business. I mean, finding customers or finding a way to monetize the value that you're delivering in business. I think that the ability to. To actually transact is what gives its value. I mean, if, you know, if you're a religious person, you do things that have value to that particular sphere. If you're dealing with business, it's. Business is business. You have to be making money. There's no way around that.