1. What I’m reading Reflecting on My Failure To Build a Billion-Dollar Company I love this article because it gives you a rare look into how the traditional billion-or-bust mentality for venture-backed startups can really screw up a good business. Raising venture capital is like adding rocket fuel to your business, and for most businesses this a) isn’t warranted b) creates the wrong incentives and c) even if it is successful means that the founders don’t make enough personal money when the ultimate business is sold.
7 Things I’m Into Right Now
7 Things I’m Into Right Now
7 Things I’m Into Right Now
1. What I’m reading Reflecting on My Failure To Build a Billion-Dollar Company I love this article because it gives you a rare look into how the traditional billion-or-bust mentality for venture-backed startups can really screw up a good business. Raising venture capital is like adding rocket fuel to your business, and for most businesses this a) isn’t warranted b) creates the wrong incentives and c) even if it is successful means that the founders don’t make enough personal money when the ultimate business is sold.