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this is yet another reason why I want to always bootstrap and retain 100% equity (or at least controlling share if I give out grants). So much pain, hassle, ris
by mkramlich 16y ago
this is yet another reason why I want to always bootstrap and retain 100% equity (or at least controlling share if I give out grants). So much pain, hassle, risk avoided. You might have to grow slower, maybe, depending on the particulars. But I think it's worth it.
- brandnewlow 16y agoFear is a bad reason.
- mkramlich 16y agocaution. prudence. applying the wisdom that you want to have as few moving parts as possible to reduce complications. not fear. i don't play with dynamite because the upside doesn't interest me and the downside bites hard. same for playing on highways, jumping out of planes, juggling swords, etc. is it possible to do all these things and come out undamaged/unhurt/unhassled? sure. but there are alernatives available to me that have similar upsides or better, with less downside. YMMV
- gscott 16y agoIt is hard to dominate a market when your competition has x million dollars. Even if they last only a few years they have sucked up market that is hard to take back.
- JabavuAdams 16y agoI sympathize, but this can be the difference between flying around in your own jet or just paying off your mortgage. Of course, whether that shot at 10^8 wealth is worth the hassle versus "just" 10^6 wealth is a personal choice.