I think Bloomberg is a pretty brilliant entrepreneurial mind, but it bothers me that when he talks about starting his company he makes it sounds like he was just-scraping-by, when he actually had a couple million in funds to work with. It bothers me more that Techcrunch goes along with this, writing, “But it might never have happened if he hadn’t been fired from Wall Street during the early days of his career.” He wasn’t fired very early in his career - he’d been working for over a decade and was a partner at Salomon Brothers. Bloomberg worked hard and risked a lot, but this story seems to relate him too closely to the breed of boot-strap entrepreneur who starts with almost nothing, risks everything, builds lean and triumphs.
