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I think you're talking about an exit and DHH is talking about choosing what kind of business to start. If someone offers to buy you, your chance of a liquidity
by pchristensen 18y ago
I think you're talking about an exit and DHH is talking about choosing what kind of business to start. If someone offers to buy you, your chance of a liquidity event is 100%. But if you're still deciding what kind of business or startup strategy to use, that chance is more like 50%, 10%, or even 1% or less. Given those odds that any normal entrepreneur (not you or DHH) faces, he says it's smart to build for profit and take the safer money, rather than go all or nothing.
- sethg 18y agoSo it's a minimax strategy. Or maximin. Or...sheesh, one of these days I oughtta learn game theory.
- Harj 18y agohe says it's smart to build for profit and take the safer money, rather than go all or nothing. the point is that the two don't have to be mutually exclusive. they may well be if you're building a consumer web app without any monetization strategy but not for e.g. an ad network - something that needs to make money from the start and can also be bought out eventually.