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I told my family that I finally accepted that my passion had
become an obsession and
you could even call it
an addiction.
They all laughed.
What had taken me 25
years to recognize, they
had known for years.
My wife detected my addiction as early as our honeymoon in
Paris. All I wanted to
do was spend time at the
Bourse trading francs on
the spot market.
She kept on
nudging me to see some
old picture in the
Louvre.
For my daughter it became clear when I demanded that her prom
date be an officer in
Junior Achievement.
I thought it was
a good way to ensure
that she dated a young
man with career
aspirations. She saw it
differently.
Her younger brother, the violin virtuoso, threw the matter of
the addiction in my face
when I told him I would
not pay for his
schooling at Julliard.
The curriculum
did not have a course in
business development or
even Accounting 101.
How would my son
know if his future agent
wasn’t cookin’ the
books?
It had been six months since I had read a business plan. And
I missed it.
I missed it real
bad. I salivated when
the Wall St. Journal
driver came down my
block… only to skip my
house.
My wife had a
block on our cable TV-
no more MSNBC and it was
no better on the
Internet, I couldn’t
access Bloomberg.
Last Tuesday a power stronger then me won out.
I don’t know
how, but I ended up at
the
Harvard-Yale-Princeton
Club.
My eyes focused
on the booths along the
back wall.
I immediately saw
the signs.
A shot of
single-malt Scotch, half
finished, was being used
as a paperweight on a
four-color business
plan.
The reader, a
silver-haired executive
with monogrammed reading
glasses was analyzing
spreadsheets as he
simultaneously served
volleys of staccato like
questions at the young
man across the table.
This young man was obviously new to the game.
His dark blue
suit looked like he had
not worn it since his
bar mitzvah, and the tie
must have been knotted
eight years ago and
never unraveled. He had
ordered the latest
micro- brew, but had not
taken even one sip.
I sat at the next booth and listened in.
I promised myself
not to say a word.
All I wanted was
to eavesdrop and savior
the rhythms of the
conversation.
I smiled as I
heard the two argue
over, burn rates,
traction projections,
alpha\ beta sites, and
most stridently, about
valuations.
A cell phone rang, and the single-malt Scotch stood and
walked a few steps to
take the call in
private. I jumped up and
got into micro-brew’s
face.
I told him he was
under- capitalized. He
was giving away his
intellectual property.
His burn rate was twice
as fast as this
so-called ‘angel’
investor was revealing.
Big Pharma would pay a
much higher multiple for
the company if he would
listen to my
suggestions.
He looked bewildered. I said it again,
“Don’t make
the deal- you’ll lose
your company to this
chamber of commerce man
of the year wanna-be in
seven months.”
The conversation on the cell phone ended and Mister single
malt Scotch asked, “Do
we have a deal? “
Micro brew- looked at
him, then me, and
said….” No way!”
He reached for
his beer and slid into
my booth.
I don’t have to tell you what happened next. You all know
it too well.
We sat for three
and a half hours,
re-doing spreadsheets on
his laptop, and playing
out various pro-formas.
I finally stumbled home, embarrassed and yet delirious with
joy over the deal I had
structured.
My wife could see
me hiding the business
plan under my coat. She
demanded to see my cell
phone. Quickly she went
through the calls I had
made in the last four
hours.
She knew the area
codes, New York,
Brussels, London, and my
newest haunt, New Delhi.
I had been lining
up angel investors.
What could I say? I had already used up my inventory of
‘I promise it
will never happen
again’s.’
She had been
going to her own
meetings and knew that
she needed to go on with
her life and not let my
addiction manipulate
her.
Had I called my sponsor? She had not seen his number in my
cell phone’s call
list.
“No,” I
whispered.
She made me return to Entrepreneurs Anonymous (EA).
I had stopped
going to my meetings.
I had beaten it
or so I thought.
But the truth is,
we never do.
I was just like
everyone else in EA. I
matched the profile
perfectly. 80% of
members have a relapse
within their first six
months.
I was now another
data point confirming
that statistic.
Hesh Reinfeld lives in Pittsburgh, PA and can be reached at
412-421 8379
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