81–90 of 159 posts
As someone who has been stressing over “needing a cofounder” lately, this is an encouraging and timely post. However, I dislike the phrasing here: > a 100% owner requires half the earning power of 50/50 partners–that gives him a huge advantage. …which assumes the founder is going to be a man.
Earlier quoted context omitted.
All of the "Startup" resources, like The Lean Startup, etc that aren't busy glorifying VCs or the SV model, are useful for these businesses. The only difference between a "lifestyle" business and the "Silicon Valley" model is whether you are in control over your own destiny and focused on building a business, or whether you're selling out to people who want to increase your risk and their possible profits, with the e…
There is truly a place for VCs and yes some businesses definitely need that kind of funding. But right now it seems VC is so available things are getting funded that will never be able to hit that 10x mark. So businesses that could have been great bootstrap businesses will grow too fast with too high a burn rate and flame out at a series A or B crunch. Meanwhile, if the business could have taken it slower they could…
Smart, patient entrepreneurs can take advantage of this.
Let angel and VC-backed companies validate markets, and pursue the markets they vacate after the broader crunch occurs.
Earlier quoted context omitted.
True, I am not trying to provide the exact definitions for what qualifies as a PG or YC startup per se. But I believe you can quote PG as saying the "ideal exit" for any startup YC incubates is a public offering. Additionally the idea of "lifestyle" startups is well known in SV and the concept is also well known to be frowned upon by the VC's who make the most noise who are looking for a big exit one way or the other…
> Additionally the idea of "lifestyle" startups is well known in SV and the concept is also well known to be frowned upon by the VC's You're confusing hacker news with "silicon valley". That's a mistake. And VCs are irrelevant, really, in this age of angels. Thank god they are going away, though of course they don't realize it yet. VCs are the enemy. If you want to have a successful company, never deal with them, exc…
Exactly. I've only ever heard this from someone seeking transaction fees. As in, "Not there's anything wrong with running a lifestyle business." While their body language suggests everything is wrong with that.
As someone who has been stressing over “needing a cofounder” lately, this is an encouraging and timely post. However, I dislike the phrasing here: > a 100% owner requires half the earning power of 50/50 partners–that gives him a huge advantage. …which assumes the founder is going to be a man.
In my mind, the sexes are equal so him == her. It's something I feel strongly about too especially having a daughter. But nonetheless I understand the implications of what I wrote.
edit: Oh, and I upvoted you :-)
PG context of a startup is a company that has the potential to make it into a leading stock market index. Anything else is considered a "life style" business and not within YC or most other VC's scope of interest for funding.
http://www.brainpickings.org/2012/01/18/woz-on-creativity-an...
Building shareware and selling it has nothing to do with building a business, let alone co-founders. What the author here has done is comparable to a composer selling music or an author selling a book. He built an ebay tool, and ebay sells it for him. There are many indie game developers and app developers that are successful the same way (microsoft and apple take on the sales and marketing burden respectively). Find…
As someone who has been stressing over “needing a cofounder” lately, this is an encouraging and timely post. However, I dislike the phrasing here: > a 100% owner requires half the earning power of 50/50 partners–that gives him a huge advantage. …which assumes the founder is going to be a man.
Thank you Hugh. I thought about pronoun choice when I wrote that. I was deliberating between 'her' or 'him or her'. The problem I had with the former is I always notice when male writers do it--I can tell it's deliberate. The problem with the latter is it breaks rhythm a little, I think. In my mind, the sexes are equal so him == her. It's something I feel strongly about too especially having a daughter. But nonethele…
In this case: "...that gives them a huge advantage."
(and "their" for his/her)
1. http://www.tillett.info/2014/11/24/lets-kill-the-term-lifest...