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It's important to have an order of magnitude as a goal. In general the size of a company in dollars correlates with their impact on the world. The best talent
by max76 8y ago
It's important to have an order of magnitude as a goal. In general the size of a company in dollars correlates with their impact on the world. The best talent is interested in making a big impact on the world.
2x or .5x won't make much of a difference, but if you are thinking 100x or 1,000x smaller then it will have an impact on your business in the early stages. If your goal is to make a $100M company you aren't likely thinking big enough to attract good talent and partners.
- yongjik 8y agoI don't buy it. Why would the best talent (according to your criterion) join some nobody who aims for $100B, when they can join ~$100B companies and start making impacts right now.
- max76 8y agoThe video offers a great example of why a talented engineer would choose to join a startup (1990s Google) versus work in a large established company (Intel). It also turned out to be very beneficial for Paul Buchheit to join Google instead of stay at Intel. There are a lot of talented engineers that prefer working for startups than large corporations. There are not enough talented engineers to staff all of the start ups. It's a competition for companies to attract the best talent.
- qaq 8y agoDo you have an example of anyone who built a 100B company who actually had that as a goal ?
- max76 8y agoGoogle's mission statement: "to organize the world’s information and make it universally accessible and useful" Microsoft's old mission statement: (Paraphrase) To put a computer on every desk and in every home. Amazon's mission statement: "...build a place where people can come to find and discover anything they might want to buy online" These mission statements don't specifically state they want to build a $100B company, but it seems pretty obvious that a company that does the things in their mission statement would be worth $100B.
- qaq 8y agoThats a pretty big stretch
- rokhayakebe 8y agoIn the case of Google, I am not sure they had a $10 million dollar vision. They tried to sell (unsuccessfully) to Yahoo for $1 Million.
- throwawayinside 8y agoYou’re actually correct. There’s a great story about Larry Page telling John Doerr that he thought it could be a $100 Billion company in their first meeting.