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Because the beach gets boring after a while. I sold a company at a young age and had enough money to not have to work for several years. I sat on the beach. I
by ericabiz 8y ago
Because the beach gets boring after a while.
I sold a company at a young age and had enough money to not have to work for several years. I sat on the beach. I traveled. I had fun.
Then I got tired of it. I really wanted to do something with my life.
So I started another company. That one didn't work out as well as I'd hoped, so I collected myself and invested in/became co-owner of another company. That one has done really well. I don't need to start another company to make money.
But I'm starting another software company now, and excited to do that. I am less motivated by money, and more motivated/excited to see this dream come to fruition.
There are certainly some people for whom the beach doesn't get boring. I absolutely know people who exited for millions, whether as a founder or an early employee, and just retired. They won't be interviewing you, however.
The people who decided to start again are the ones who have a kind of genuine excitement for making the world a better place, and their startup is a vehicle for them to do that.
- byoung2 8y agoBecause the beach gets boring after a while. At my last company our lead investor was Rich Janssen (great name, right) and he said exactly this. He founded Realtor.com and took it public and founded a data analytics company that sold to Myspace. He had a $10M house in Montecito, CA next door to Oprah, and a million dollar yacht. I asked him why he didn't just retire to some warm sandy beach. He said he tried retirement but it didn't work. Golfing and sitting on a beach made him feel old. Working with young people made him feel young.