4 ms·
But here's the thing: if i had sold out for almost a billion, you could either see that as a retirement, or you could see it as a platform that you can use for
by chubs 15y ago
But here's the thing: if i had sold out for almost a billion, you could either see that as a retirement, or you could see it as a platform that you can use for even bigger entrepreneurial projects? Ie with that kind of money behind you, you can take on, say, healthcare or something much bigger.
There can be more to it than 'if i take the money, i'm forced to spend the rest of my days on a yacht, enjoying life but wasting away'. At least that'd be how i'd justify selling out to myself :)
- erikpukinskis 15y agoMost "bigger entrepreneurial projects" are built on a platform that includes BOTH money AND a sustainable core business. Think Microsoft's BASIC compiler, Odeo, the Tesla Roadster, etc. I think many founders who sell out realize that the latter is often the harder of the two to procure. You are correct, though, if your goal is buy a yacht you should sell when that becomes possible.