22 ms·
There's progress and there's progress. If I 10x AR's revenue this year that is pretty motivational for me. If I had taken money last year, though, aiming for
by patio11 15y ago
There's progress and there's progress. If I 10x AR's revenue this year that is pretty motivational for me. If I had taken money last year, though, aiming for "just" 10x would set me up for a very unpleasant series of conversations when the money ran out.
A subtext of this discussion is that taking money means that some outcomes which are wins for the entrepreneur but losses for the moneymen become untenable. (Outcomes which are wins for the moneymen and losses for the entrepreneur, on the other hand...)
- mattmanser 15y agoUnpleasant conversations? Seems an odd thing to focus on. They gambled on you in hope of making more money, it didn't pay off. Of course it won't be a fun conversation to have, but why are you worrying about that now?
- tptacek 15y agoHe means "I'll be fired from my own company, even though I'll have made more money for the business than I ever had previously".