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First, these companies are designed to become profitable, not to exit, so compensation is profit-sharing, not the joke equity offered by VC-istanThat really, really resonated! Now for a counterpoint. When I read that remark, I recalled reading a recent interview of Groupon's COO and I quote this para:
In 2007, he started Global Scholar to “help teachers give differentiated education to kids using technology. It was a fantastic experience. I raised $50 (INR 2,698.63) million in the toughest economy since the Depression. In 30 months, I gave four times returns to my investors and then sold the company in 2010-11.” On why he did so, he quips, “The moment you start a company, it is for sale… at the right price. You can’t have emotions…” (emphasis mine)
Now tell me, just how exactly are you even going to combat deeply entrenched mindsets like those, which also happen foster the usual confirmation and survivor bias dreams in most, if not all aspiring "wantapreneurs"?
Michael, I really commend your insight into the problem, but "you have an uphill struggle ahead of you" might be the understatement of the year.
EDIT: formatting and word rearrangements and deleted some line that might be misconstrued!
EDIT 2: Sigh. I really wish, that when people downvote something they don't agree with, they take a moment to tell why.