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"if you look at the big picture world that happens to startups, there are really three things that happen: IPOs, acquisitions and bankruptcy" This is why you s
by rick888 15y ago
"if you look at the big picture world that happens to startups, there are really three things that happen: IPOs, acquisitions and bankruptcy"
This is why you shouldn't spend all your time creating a short-term business with the goal of being bought out by a bigger entity.
I suppose everyone has different goals, but mine is to create a company that will evolve and last for many years. This wouldn't even be possible if I wrote the next service based on Twitter or Facebook.
- iamgoat 15y agoAgreed. These short-term business acquisitions, while exciting to read about, are not common. Most businesses take years to build and if you're not in it for the long run you're going to get bored or bankrupt. As much as I don't like to drink the 37Signals juice, they have a strong belief and commitment to their business. This is a lot different than being an employee where you should always be moving around every few years (unless you have a piece of the pie). However, if you're the owner, be proud of what you're building and who you're building it for.* * Could be for investors, but hopefully it's yourself.