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Some people romanticize being broke ... others romanticize raising funding. It's unfortunate that you think selling a company for $1 million isn't the starting
by biznickman 14y ago
Some people romanticize being broke ... others romanticize raising funding. It's unfortunate that you think selling a company for $1 million isn't the starting line.
Outside of Silicon Valley, most people would not understand why you are thinking that way. Perhaps saying "Broke" is the incorrect term ... "almost broke" will light a fire under your ass.
- richardjordan 14y agoTo clarify that comment: you get into the semantics of "startup" and "founder" here a bit. But most folks starting companies or working in startups on Hacker News are in the kind of startups where even an early angel round has a starting valuation north of $1million. So, that's what I mean by the starting line. Obviously, selling for a million dollars will work in some circumstances for some folks. But also it's worth remembering that it's not as much money as it once was. I once had a startup that for various reasons we chose to exit for right around GBP1million. It's not retiring money for someone who is (as I was) still young and has a lot of years to go. It's helpful, but not where most folks on here are aiming to be when they build a company. I doubt most people driven to start companies need the perverse incentive of being broke to light a fire under their ass. Most founders I know are incredibly driven and motivation of that kind is seldom necessary or helpful.