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I like products that make money because it feels to risky to do otherwise. Places like Digg have almost no hope for making money at this point outside of an acq
by tdavis 18y ago
I like products that make money because it feels to risky to do otherwise. Places like Digg have almost no hope for making money at this point outside of an acquisition, never mind the crazy amount of dilution all the VC money brought them, making the size of that acquisition much, much larger.
Without a way to make money, you end up having to take a lot of money. In return, you give up most of your company. So now you're working for somebody else and waiting around for an enormous exit so that you can then work for somebody else for a few years so that then, maybe, you can escape with enough to cash to do it again? That sounds awful.
I'd rather have half a dozen small companies that together bring in enough to live happily off of than a single company that is predicated on a gamble and a hope that it will make me filthy rich sometime within the next decade. At the end of the day, all I really want to do is hack, write, read, and play video games. I don't need to have a company acquired by Google to do that.
- pg 18y agoWithout a way to make money, you end up having to take a lot of money. That's not true. Digg may have raised a lot of money, but Reddit got big on very little. They were ramen profitable when they were acquired, and could easily have stayed that way if they hadn't been.