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Looking For The Passion

I was at TheStreet.com’s 10th anniversary party last night. We heard great speeches by co-founders Marty Peretz and Jim Cramer. But the line of the night award goes to Tom Clarke, the CEO of TheStreet.com for the past seven years, and the person who has provided the quiet leadership that has made the company first survive and then succeed.

Tom said something like this to the assembled room, which was largely current and former employees:

When you’ve got a new idea, something you want to do, don’t send me an email, come to see me. Because I need to look into your eyes and see if you have the passion to pull it off.

It’s so true. That’s one of the things we look for in entrepreneurs. The passion to pull it off. There are lots of good ideas, but it’s the combination of a great idea with the personal ownership and passion that leads to persistent execution of the idea that ultimately wins.

I like the idea that Tom manages by looking people in the eye. I am sure that’s harder as his company gets bigger. But the fact that he’s so committed to doing it that way gives me confidence that TheStreet.com will continue to succeed.

February 1, 2007 Venture Capital and Technology | Comments (4)

Comments

I recently met with him and came away with the same feeling. The street is in good hands

Posted by: howard lindzon | Feb 1, 2007 11:54:20 AM

he's right, and it's good to hear someone discerns a good investment opportunity using their EQ as well as IQ, but with my own start-up venture i am just about all passioned-out, frankly.

Celibacy beckons ....

Posted by: carl rahn griffith | Feb 1, 2007 12:34:07 PM

So then: why do all VC's prefer to take phone calls?

Posted by: celia | Feb 8, 2007 7:39:16 PM

“A mind is a terrible thing to waste” I have it! The mind, the passion, the wisdom, the will to succeed, but I don’t have the capital…help me!
I have been in business for eight years, and now manufacturing my own line of products that has been tested, and proven. My competition makes millions a day with an inferior product.
I got most in place, a $20,000.00 web site, a location, endorsements from big name celebrities, distributors waiting for my products, but once again I don’t have the capital.
Is there anyone out there that wants to here what I got?
Please call me at 215-725-8436 or 215-416-8272
Mr. Vidot
Serious investors only please. I have no time to waste yours or mine.

Posted by: Gumersindo Vidot | Apr 12, 2007 1:37:42 PM

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