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"Too many founders let emotions and egos cloud a decision that is really a number crunch. Once you accept that there will always be richer and wiser people out
by jcc80 15y ago
"Too many founders let emotions and egos cloud a decision that is really a number crunch. Once you accept that there will always be richer and wiser people out there, you'll find that they didn't get that way by taking dumb bets."
Maybe I'll always live in a crummy apartment and have Ramen for Thanksgiving but I completely disagree with this. How I choose to spend the next 3 years of my life is hardly just a number crunch. How I spend time doesn't just have a numeric value attached to it. I respect the author's analysis and to each his own. But, for me it's much more about learning, growing and building than a straight math problem. If at the end I don't die with the most toys I'm really OK with that.
- aptwebapps 15y agoWell, if you're so inclined you could use part of the 500k to bootstrap another projcet and continue your happy startup existence only with less Ramen. (Unless you just really like Ramen, of course).
- 0x12 15y agoThis is true, but a live one in the hand may be worth more than $500K in the bank. It all depends on your own estimation of the probability of eventual success, and your ability to accurately make that estimation in the first place.
- jcc80 15y agoExactly - at least for me. Emotion has to enter into it because it's about whether you're ready to move on when the money makes it a fairly close decision like this.
- jpulgarin 15y agoSurely you want to maximize the learning, growing and building, and as such using math would only help.
- nhangen 15y agoMaking money is not antithetical to learning, building, and growing. In fact, I'd argue that the more you do of the latter, the more you earn of the former.