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A good question to ask before starting a startup is : "Do I see myself working 10 years on this problem?". Looks like they ran out of steam, rather than out of
by pyb 1y ago
A good question to ask before starting a startup is : "Do I see myself working 10 years on this problem?". Looks like they ran out of steam, rather than out of runway.
- bad_username 1y agoWhy 10 years? Is it not typical with startup founders to plan a lucrative exit in a much shorter time frame?
- pyb 1y agoNo, where did you get this idea? Good startups do not think this way.
- flessner 1y ago> "Good startups usually take 10 years." - Sam Altman It also aligns with other Y Combinator teachings, such as targeting growing markets.
- drdrek 1y ago7-10 years is the realistic time frame for a moderately successful exit, usually those that are "Bought" after 1-3 years are actually failed ventures with all or most of the money going back to the investors to recoup their loses.
- _fat_santa 1y agoIt seems high at first but take a look at practically any successful startup (Slack, Dropbox, Notion, etc) and they all were around for 8-12 years before the founders cashed out.