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Will the failure of the Facebook IPO change the climate here going forward? Possibly. But it doesn’t matter . . . we didn’t build this company with the intentio
by grellas 14y ago
Will the failure of the Facebook IPO change the climate here going forward? Possibly. But it doesn’t matter . . . we didn’t build this company with the intention to flip it. We’re in it for the long-haul and we’re committed to building a real business that makes great apps, not on selling-out.
The strongest position any founder can hold. It doesn't mean you can't consider and even take short-term options for funding or acquisition. It means you need not take them unless you can do so on your own terms. Entrepreneurs have come a long way in this most recent decade in being able to do rapid company development - historically, the scale at which this is happening is quite dramatic - but some things never change: to succeed, develop a sound business model and be very careful not to get yourself overextended financially in the process of building it out. Doing that is no guarantee of success but it is a sure-fire way to limit your risks of failure.