4 ms·

Business is rife with survivorship bias, and indie hacking, doubly so. The really honest ones will tell you how much of a role luck played. Most, however, will

• DaiPlusPlus 2y ago
  > Business is rife with survivorship bias, and indie hacking, doubly so. Indie-hacking-projects have the benefit of a dignified exit by open-sourcing - a lot of whatever value in any technology/code/designs was created will be preserved - which is a good thing. It's a shame that oftentimes the "best" outcome for a startup or small software/tech company (where they get acquihired by Apple specifically) is not only their product/service gets shut-down, but all traces of it are systematically removed from the Internet and everything the company's founders do is effectively memory-hole'd - the _Dark Sky_ app is the textbook example of this. ----- Separately, when a company is small, stable and profitable it isn't a failure as far as the bank is concerned, but not exactly a hyperscaling unicorn - so when the founders/owners want to exit their only real option is to sell-out to either their competition for a managed wind-down-and-migration - or worse: an M&A firm (which will only make a lowball offer, then replace staff eng with a skeleton maintenance crew, and mis-manage the company's products/services for a decade as they hemorrhage-out loyal customers due to declining product quality). Required reading: https://pivotal.substack.com/p/the-worst-outcome-is-a-mediocre-success https://pivotal.substack.com/p/the-worst-outcome-is-a-medioc...