11–20 of 47 posts
The way I see it, the only way to have sustained positive impact on the world is to allow humans to be more human and entangle it in the worlds economic system so it remains in place. That construction can only be achieved by a business.
Most of that sounds pretty good, but I have to disagree with this bit: Ask yourself: would you sell your company? Would you sell it for $20 million? If you answered yes, at this stage, find a new idea. You don’t love it enough. That strikes me as an over-generalized view. Different people have different circumstances that are going to affect that decision. Somebody who has already had a successful exit and is already…
Would we have sold our company for $20 mil? Hell yes. But we went in to Y Combinator excited about an exit and we stunted the growth of our company by shooting for dollars instead of stars.
>Would you sell it for $20 million? If you answered yes, at this stage, find a new idea. Selling a business for $20M would make it a lot easier to get traction for your next idea.
I think he's not suggesting it's bad to sell your company, but rather that going into a new one with the idea that you're only there to make money is a bad idea.
I'm not at all against starting lifestyle businesses; those also do not have exits.
Earlier quoted context omitted.
I think he's not suggesting it's bad to sell your company, but rather that going into a new one with the idea that you're only there to make money is a bad idea.
or he's a shill for the "very rich" (lol) VCs at ycombinator trying to optimize for homeruns rather than community feel-good 20mm exits
Most of that sounds pretty good, but I have to disagree with this bit: Ask yourself: would you sell your company? Would you sell it for $20 million? If you answered yes, at this stage, find a new idea. You don’t love it enough. That strikes me as an over-generalized view. Different people have different circumstances that are going to affect that decision. Somebody who has already had a successful exit and is already…
I'm broke and my company is not growing. I believe that a large contributing factor to the failure of my company was that we went in to it with an exit in mind instead of a love for our product. Would we have sold our company for $20 mil? Hell yes. But we went in to Y Combinator excited about an exit and we stunted the growth of our company by shooting for dollars instead of stars.
Earlier quoted context omitted.
I'm broke and my company is not growing. I believe that a large contributing factor to the failure of my company was that we went in to it with an exit in mind instead of a love for our product. Would we have sold our company for $20 mil? Hell yes. But we went in to Y Combinator excited about an exit and we stunted the growth of our company by shooting for dollars instead of stars.
This is a serious question, so please don't take it as snark or mockery: Wouldn't shooting for dollars increase the growth of your company? Or at least get it ramen profitable so it can't die/fail?
or sell it to $20M and fund yourself for your next big thing. Atleast try to make this 2nd idea to touch its peak.
>Would you sell it for $20 million? If you answered yes, at this stage, find a new idea. Selling a business for $20M would make it a lot easier to get traction for your next idea.
I don't think I want to change the world right now. I really don't. Does that make me a bad person or unfit to be an entrepreneur? All I want to do is solve a real problem for some segment of a large market and make their lives a little easier. I want to build as much value as possible for my customers, so that they are willing to pay good money for my software. And yes, I want to get rich. I agree that optimizing so…
My article: "That drive to make a part of the consumer world better is the mark of the entrepreneur."
I'm not saying everyone needs to cure AIDS. I think our sentences seen side by side align quite nicely.
Most of that sounds pretty good, but I have to disagree with this bit: Ask yourself: would you sell your company? Would you sell it for $20 million? If you answered yes, at this stage, find a new idea. You don’t love it enough. That strikes me as an over-generalized view. Different people have different circumstances that are going to affect that decision. Somebody who has already had a successful exit and is already…
If the goal is just to build something that will get bought, you might be able to get... stressed and frantic about that. But you usually won't have the same type of passionate, intrinsic motivation that drives founders who are in love with their idea.