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I just think that it's a bit disrespectful to the hard work that it takes to create a successful business. It's all very blasé. The sentence I quoted basically

I just think that it's a bit disrespectful to the hard work that it takes to create a successful business. It's all very blasé. The sentence I quoted basically says I should be thinking "I'll just launch a startup and it'll be easy to sell it for $xx,000,000" We should not be thinking like this, we should be thinking that if we are lucky enough for our little idea to actually make a bit of money then we should hold onto it with both hands!

tallross 14y ago
It doesn't say that at all. I said nothing about easy. I'm saying that as an entrepreneur you have to maintain the delusion that your company is likely to be worth a shit-ton of money. After all, if you don't believe that, what's the point of building it? (Assuming you don't want a small lifestyle business)
- jamesjguthrie 14y ago
  > with one exit under my belt and a good deal of financial security, I will be in an even better position to succeed the next time around Why is an exit defined as success? Success should be building and maintaining a business that can annually bring you in a ton of cash, keep you relatively sane, keep loads of people from your country's economy in employment and above all provide goods or services that will make someone else's life/work a little easier. You want to make a business of selling businesses, fair enough but I disagree that that is what we should all be doing.
  - tallross 14y ago
    An exit is not universally defined as success. Success is defined by the person who builds the company. >Success should be building and maintaining a business that can annually bring you in a ton of cash, keep you relatively sane, keep loads of people from your country's economy in employment and above all provide goods or services that will make someone else's life/work a little easier. Selling my company allows me to do all those things (although my cash is coming in up-front, for the most part, which means I can likely grow that money a lot faster than I could have if I got it over many years). To each his own...

tallross 14y ago

It doesn't say that at all. I said nothing about easy. I'm saying that as an entrepreneur you have to maintain the delusion that your company is likely to be worth a shit-ton of money. After all, if you don't believe that, what's the point of building it? (Assuming you don't want a small lifestyle business)

jamesjguthrie 14y ago
> with one exit under my belt and a good deal of financial security, I will be in an even better position to succeed the next time around Why is an exit defined as success? Success should be building and maintaining a business that can annually bring you in a ton of cash, keep you relatively sane, keep loads of people from your country's economy in employment and above all provide goods or services that will make someone else's life/work a little easier. You want to make a business of selling businesses, fair enough but I disagree that that is what we should all be doing.
- tallross 14y ago
  An exit is not universally defined as success. Success is defined by the person who builds the company. >Success should be building and maintaining a business that can annually bring you in a ton of cash, keep you relatively sane, keep loads of people from your country's economy in employment and above all provide goods or services that will make someone else's life/work a little easier. Selling my company allows me to do all those things (although my cash is coming in up-front, for the most part, which means I can likely grow that money a lot faster than I could have if I got it over many years). To each his own...