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That's very unfortunate. I'd love to see someone else try that model, but I suspect that you are right that many people have a gold rush mentality. Getting pa
by mikekchar 11y ago
That's very unfortunate. I'd love to see someone else try that model, but I suspect that you are right that many people have a gold rush mentality. Getting paid for doing work is not as good as getting paid many times for having done some work in past. I've had a similar experience with a couple of startups I've worked on. You can show them how the custom development has high demand and is generating revenue, but they want to sell the box and gamble on getting their "multiples". From a certain perspective I can understand it. According to my link, Cygnus was limited in growth because they just couldn't hire people fast enough.