4 ms·
You have better odds of winning $5M in the NY Lottery than you do of selling your company to Google (or Yahoo)
- ashu 20y agothe post just makes for a racy headline. nothing else. the sentiment is correct, but the analogies couldn't have been crappier. all lotto players are equal. all enterpreneurs aren't!
- BrandonM 20y agoAdditionally, millions of people play the lottery. Millions of people do not start tech startups. So your odds are not better of winning the NY lottery.
- sabat 20y agoWho says you can't just be in it to build up a sizeable community and make money from adsense? Blogga, please.
- lupin_sansei 20y agoExactly. This guy is doing okay with adsense http://plentyoffish.files.wordpress.com/2006/06/plentyoffishcheque2.jpg http://plentyoffish.files.wordpress.com/2006/06/plentyoffishcheque2.jpg
- pg 20y agoDepends who you are.
- danielha 20y agoGoogle and Yahoo aren't the only companies making acquisitions.
- Tichy 20y agoSomebody should pick up a book on probability theory before posting in his blog...
- gyro_robo 20y agoNY Lottery odds of winning, all 6 numbers: 1 in 45,057,474 5 + bonus: 1 in 7,509,579 How many start-ups are there? Your odds of becoming a millionaire have got to be better by orders of magnitude. http://www.nylottery.org/ny/nyStore/cgi-bin/ProdSubEV_Cat_401_SubCat_201671_NavRoot_320.htm http://www.nylottery.org/ny/nyStore/cgi-bin/ProdSubEV_Cat_401_SubCat_201671_NavRoot_320.htm
- dpapathanasiou 20y agoWhile using the lottery is a poor choice of analogy (as others have pointed out), I think his basic message is right: thinking that acquisition is the exit is foolhardy, particularly when you have neither revenues nor a plan to generate them.