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Substitute the tech buzzwords for real estate ones and your terrifying comment could have come straight out of 2007. You shouldn't be building anything to "flip
by rewqfdsa 11y ago
Substitute the tech buzzwords for real estate ones and your terrifying comment could have come straight out of 2007. You shouldn't be building anything to "flip". That attitude does not lead to a society full of people doing productive things. It leads to a shake silo of charlatans doing their best to dupe VCs until the bubble comes crashing down on all our heads.
- zkhalique 11y agoNo. The idea is not to dump some bad mortgage on an unsuspecting buyer. It's to not be hesitant to give away enough equity to make sure the company grows as fast as it can and reaches influential people as a result. That brings you connections, a good track record (serial entrepreneur), and money. You can own 90% of your NEXT venture, while the previous one is managed by "not you" since you've given away equity to lots of people who now say "we'll take it from here". After all, if so many people are actively looking for such entrepreneurs and screening for an "early exit" mindset, why not sell to them what they're looking for, and use it as a vehicle to get further in life?