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All good points here. For those reading just the title, the article asks to critically examine what values you hold and whether selling is compatible with those
by satvikpendem 3y ago
All good points here. For those reading just the title, the article asks to critically examine what values you hold and whether selling is compatible with those values. For me, I see selling as just another step to growing the hoard, as you state in the article, but I don't think it becomes draconic in practice.
The key in my opinion and experience is making and selling micro projects, not banking on any one taking off. That way, you can have cash flow and a hoard. Throw the hoard into VTI and let it grow while living off the cash flow (and/or reinvesting it into the business), until the investments become enough to live off of entirely, ie the 4% rule. Pieter Levels or Daniel Vassallo are good examples of this.
Just keep trying, don't be saddened by another startup failure, at least you already have one sold which is a lot more than most founders can say.
I'm also in NYC, let me know if you want to chat, as you stated at the end of the post.
- Munksgaard 3y agoPerhaps I am unfamiliar with this usage of the word horde, but is it possible that you mean hoard?
- satvikpendem 3y agoYes, sorry, hoard, not horde.
- redcobra762 3y agoOh come on, you knew he used the wrong word… This isn’t any better, you know. Some people would see this as patronizing.
- satvikpendem 3y agoI appreciate the correction, helps me learn something new.
- redcobra762 3y agoYou didn’t know that horde and hoard were different words?
- satvikpendem 3y agoI did, doesn't mean people don't make mistakes or sometimes use words incorrectly.
- redcobra762 3y agoSo what did you learn then?
- satvikpendem 3y agoI learned that I used it incorrectly in that instance. Why are you so insistent on a simple grammatical mistake? I don't understand why you care whether someone learned or didn't learn.
- redcobra762 3y agoI don't care about the grammatical mistake (and you didn't "learn" anything then, no knowledge was gained). What bothers me is the passive-aggressive way the other person pointed it out.
- satvikpendem 3y agoI didn't take it passively aggressively at all, as the OP of this thread. Only you're doing so.
- redcobra762 3y agoIt’s objectively obtuse, there’s simply no way he genuinely thought your mistake was an alternative way to use horde.