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Sure you can. Many founders of failed businesses do it over and over again. Some even go on to start their own VC firms. Being a successful founder means makin
by themagician 7y ago
Sure you can. Many founders of failed businesses do it over and over again. Some even go on to start their own VC firms.
Being a successful founder means making your bosses happy. That means getting a return. That can be monetary, political, etc. Many founders, particularly in the SV area, sell businesses for huge amounts that never made a dime. They sell them at inflated prices and then the acquiring company closes up shop and writes it down or spits them back out for pennies on the dollar. They were never profitable. No value was created.
Modern finance creates an unusual landscape. Charisma, storytelling, persistence… there are all traits that can result in a successful exit.