Arbitrage

It boggles my mind to think that I grew up in a country where most private enterpreneurship was a criminal offence, a felony. It was like this: create a business, be scorned by your customers at best, and at worst get caught and go to a labor camp.

There were of course people engaged in small business that escaped persecution. One particular example stuck in my memory: my father once pointed out a disheveled man rooting around in books at our favorite second hand book store. The store accepted books on comission, with the book owner setting the price. The disheveled man, my father explained, did not work anywhere. He made his living from his encyclopedic knowledge of the Soviet book market. He picked underpriced books and relisted them at market prices. I did not know it back then, but this is a very common tactic called “arbitrage”. In the US it is employed by multitudes of people, from library sale scroungers as disheveled as that man, but armed with handheld computers and laser scanners hooked up to Amazon.com, to venture capitalists buying bad software companies from badly run companies and selling them to even worse run software companies at billions in profit.

In the US “Rich Dad, Poort Dad” author is making millions explaining the benefits of enterpreneurship over salaried proffesionalism, and I am in fact workin for not one, but two business magazines: Fast Company and Inc. I spent almost five years here, but it’s almost time for me to go. I did not line up the next job yet, but months ago I told my boss that I was leaving so that he could hire a replacement. My replacement is here, and I’m close to finishing knowledge transfer.

I have a few startup ideas, but what scares me is not the Soviet Militia, but the lack of affordable healthcare and the lack of a trusted technical co-founder. I am mulling taking another corporate job, and luckily Google and its ilk hoovered up web professionals, so the market looks promising.

For months I would tell myself that I would leave when the Freedom Tower would eclipse WTC 7 where I work. I’d say that time is near.