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>> One entrepreneur I know sold his first company back in the 90s for >$100m. As he was working on his next venture, he said, "Profit isn't the point. Profit is
by sverige 10y ago
>> One entrepreneur I know sold his first company back in the 90s for >$100m. As he was working on his next venture, he said, "Profit isn't the point. Profit is permission to continue."
Easy to say profit doesn't matter once you've cleared $100mm.
- wpietri 10y agoOf course if I hadn't mentioned how well his previous business did, somebody would have suggested the person knew nothing about business. And since you missed it, let me be clear: he didn't say profit doesn't matter. He said profit wasn't the point. His previous business was quite profitable, but that's not why he did it.