3 ms·
Wait a second... Half joke: Isn't being founder and running a company about making mistakes all the time, learning from them and hoping you avoided the really b
by philprx 7y ago
Wait a second... Half joke: Isn't being founder and running a company about making mistakes all the time, learning from them and hoping you avoided the really bad mistakes?
no joke: I wouldn't criticize someone who
1. Founded a company
2. Had the company under his or other people management go to 100m USD
3. Kept some equity, even 1%
- keiferski 7y ago“Mistake” is very clearly referring to the topic of retaining equity, with the assumption that more is better. I’m not criticizing the founder in general; e. g. Microsoft has made many mistakes in its history, but clearly Gates is immensely successful. Obviously if giving up 99% is what enabled you to get to the 100m, then sure, it could be considered worth it. But if we look at virtually any startup with a high valuation, the founders always manage to maintain more than 1%.