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My role as a founder-CTO: year 8

miguelcarranza.es

11–20 of 152 posts

Re: My role as a founder-CTO: year 8

#12

Unless you are already worth billions if an exit would net you 9 figures its a no-brainer to sell.

Is it? So you can what? Buy exotic vehicles? Buy extra houses? Buy surgeries? Buy expensive experiences?

All you find is stuff, presented as super valuable, and people very very keen to sell it to you. They’ll do whatever you want. It attracts a certain kind of person. The people who have the means for this lifestyle seem mostly disappointed.

It’s not the situation this guy has created for himself. His life has meaning, he’s of value to his employees and customers and partners.

Re: My role as a founder-CTO: year 8

#13

Unless you are already worth billions if an exit would net you 9 figures its a no-brainer to sell.

Is it? So you can what? Buy exotic vehicles? Buy extra houses? Buy surgeries? Buy expensive experiences? All you find is stuff, presented as super valuable, and people very very keen to sell it to you. They’ll do whatever you want. It attracts a certain kind of person. The people who have the means for this lifestyle seem mostly disappointed. It’s not the situation this guy has created for himself. His life has meani…

I’m sure there are many other more meaningful options, none of which start with the word “buy”.

Re: My role as a founder-CTO: year 8

#14

Saying you want to control your company and you want to be around 10 years and then raising VC funding is either naive or dishonest. VCs aren’t interested in a lifestyle business throwing them maybe a small dividend and a miniscule number of companies go public. Look at YC, they have invested in thousands of companies and only around 20 have gone public and only 3 have had positive returns since going public https://…

Talk about dumping your trash on retail, YC is a lot smarter then I thought

Re: My role as a founder-CTO: year 8

#15
post #13

Earlier quoted context omitted.

Is it? So you can what? Buy exotic vehicles? Buy extra houses? Buy surgeries? Buy expensive experiences? All you find is stuff, presented as super valuable, and people very very keen to sell it to you. They’ll do whatever you want. It attracts a certain kind of person. The people who have the means for this lifestyle seem mostly disappointed. It’s not the situation this guy has created for himself. His life has meani…

I’m sure there are many other more meaningful options, none of which start with the word “buy”.

But then money has nothing at all to do with such options.

Re: My role as a founder-CTO: year 8

#16
post #14

Saying you want to control your company and you want to be around 10 years and then raising VC funding is either naive or dishonest. VCs aren’t interested in a lifestyle business throwing them maybe a small dividend and a miniscule number of companies go public. Look at YC, they have invested in thousands of companies and only around 20 have gone public and only 3 have had positive returns since going public https://…

Talk about dumping your trash on retail, YC is a lot smarter then I thought

The house always wins.

Re: My role as a founder-CTO: year 8

#17

Unless you are already worth billions if an exit would net you 9 figures its a no-brainer to sell.

Is it? So you can what? Buy exotic vehicles? Buy extra houses? Buy surgeries? Buy expensive experiences? All you find is stuff, presented as super valuable, and people very very keen to sell it to you. They’ll do whatever you want. It attracts a certain kind of person. The people who have the means for this lifestyle seem mostly disappointed. It’s not the situation this guy has created for himself. His life has meani…

you're seriously lacking in imagination if all you can think of is that.

Re: My role as a founder-CTO: year 8

#18

Unless you are already worth billions if an exit would net you 9 figures its a no-brainer to sell.

Is it? So you can what? Buy exotic vehicles? Buy extra houses? Buy surgeries? Buy expensive experiences? All you find is stuff, presented as super valuable, and people very very keen to sell it to you. They’ll do whatever you want. It attracts a certain kind of person. The people who have the means for this lifestyle seem mostly disappointed. It’s not the situation this guy has created for himself. His life has meani…

So that you have security for the rest of your life and your children have security for the rest of theirs. And likely their children as well.

Not everthing bought with money is superficial. Certainly a lot is less superficial than dedicating your life to “in app payments made easy”. Turning down generational wealth so you can continue to pursue your dream of being a tech CEO seems like a wildly selfish decision to me. Just start a new company!

Re: My role as a founder-CTO: year 8

#19

Unless you are already worth billions if an exit would net you 9 figures its a no-brainer to sell.

Is it? So you can what? Buy exotic vehicles? Buy extra houses? Buy surgeries? Buy expensive experiences? All you find is stuff, presented as super valuable, and people very very keen to sell it to you. They’ll do whatever you want. It attracts a certain kind of person. The people who have the means for this lifestyle seem mostly disappointed. It’s not the situation this guy has created for himself. His life has meani…

You're right, financial freedom is completely unfulfilling, instead it's really meaningful and impactful to be involved in a tech economy whose primary value has been in undermining democracy and social systems!

Re: My role as a founder-CTO: year 8

#20

Unless you are already worth billions if an exit would net you 9 figures its a no-brainer to sell.

Is it? So you can what? Buy exotic vehicles? Buy extra houses? Buy surgeries? Buy expensive experiences? All you find is stuff, presented as super valuable, and people very very keen to sell it to you. They’ll do whatever you want. It attracts a certain kind of person. The people who have the means for this lifestyle seem mostly disappointed. It’s not the situation this guy has created for himself. His life has meani…

> Is it? So you can what? Buy exotic vehicles? Buy extra houses? Buy surgeries? Buy expensive experiences?

Buy freedom to chose what to do with your life. I've never sold a company and netted 9 figures but i have been lucky enough to work for a hedge fund and make enough that I and my family can do what ever we want from the age of 30 onwards.

That is an incredible amount of freedom and one that I wish most people would have.

You seem to think only in materialistic ways.

But having enough money to not have to work again allows you to be a better and more available parent. To be able to provide your kids and nieces and nephews with schooling to put them apart from other kids.

Its not always about owning another home, Just knowing that my kids are set for life before they start their own lives in case something happens to me was enough for me.

Lots of us think of others before ourselves.

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