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Yeah totally. Just saying that TFA's thesis doesn't necessarily apply if the founder is mission-driven and 100% owns the organization. They might actually value
by dheera 3y ago
Yeah totally. Just saying that TFA's thesis doesn't necessarily apply if the founder is mission-driven and 100% owns the organization. They might actually value the mission over the organization and be content when the mission is fulfilled.
As a founder mindset person if I could bootstrap a business that gets me $50 million by curing cancer I'd be MORE THAN HAPPY to just retire on that $50 million, and open source all the IP so that anyone can make the drugs. I don't have a desire to be a billionaire over curing cancer.
However, if you give up ownership during the process, things change. You have fiduciary duty to investors that would be violated if you just gave up all future revenue and open sourced everything. It would have to be a bootstrapped business in order to do the above.
- WalterBright 3y agoYou might change your mind if/when you reach $50m. Whatever one has becomes one's "new normal" and the goal posts just move. BTW, I open sourced my IP :-)