6 ms·

Your startup is a long race – plan accordingly

32 points by kochb 14y ago

DodgyEggplant 14y ago
if you wait until all your ducks in a row you will never start. just do it.
yesimahuman 14y ago
Great post. One thing I've been thinking a lot about lately is the variance in outcomes in an exit. Contrary to what's written on TC, etc., it doesn't always seem like a happy thing for the founders. At the end of the day you are (probably) getting a normal job again and not working on something you love. The right decision is highly personal and shouldn't be rushed into, and I believe you should figure that out early and plan the business around what really matters to you.
kochb 14y ago
I found this to be inspiring. The "if all goes well" outcome is that you pour a decade of your life into your venture. Be prepared with that knowledge to knock out the naive stumbling blocks going in, and then go be that one person who gets it right in your space.
joedev 14y ago
Why does success == exit? I guess to each his own, but I would hate to be working for years on something with the goal being some finish line, especially when often "exit" for the founders means being sucked into another organization where you have even less control over choosing your work. So many other ways to measure success that this story falls flat for me.
- jewel 14y ago
  If you take investment money then I believe that's how your investors will define success, since it's the best way for them to get a ROI. If you bootstrap then in my opinion profitability is how I'd define success.
- Pro_bity 14y ago
  Exits are complex. You have to consider not just your work, but the livelihoods and goals of your team and investors and ultimately where the market is going. The decision to exit is a bit of an out-of-body experience. Often, you don't think about yourself until you are in the process. At that point, hopefully you get to use your personal preferences to make a decision as to who to be acquired by.
- minimax 14y ago
  You have to take the article in context. The author of the post is a partner at a venture capital firm. In VC the only real measure of success is return on investment.

32 points by kochb 14y ago

if you wait until all your ducks in a row you will never start. just do it.

Great post. One thing I've been thinking a lot about lately is the variance in outcomes in an exit. Contrary to what's written on TC, etc., it doesn't always seem like a happy thing for the founders. At the end of the day you are (probably) getting a normal job again and not working on something you love. The right decision is highly personal and shouldn't be rushed into, and I believe you should figure that out early and plan the business around what really matters to you.

kochb 14y ago

I found this to be inspiring. The "if all goes well" outcome is that you pour a decade of your life into your venture. Be prepared with that knowledge to knock out the naive stumbling blocks going in, and then go be that one person who gets it right in your space.

joedev 14y ago

Why does success == exit? I guess to each his own, but I would hate to be working for years on something with the goal being some finish line, especially when often "exit" for the founders means being sucked into another organization where you have even less control over choosing your work. So many other ways to measure success that this story falls flat for me.

jewel 14y ago
If you take investment money then I believe that's how your investors will define success, since it's the best way for them to get a ROI. If you bootstrap then in my opinion profitability is how I'd define success.
Pro_bity 14y ago
Exits are complex. You have to consider not just your work, but the livelihoods and goals of your team and investors and ultimately where the market is going. The decision to exit is a bit of an out-of-body experience. Often, you don't think about yourself until you are in the process. At that point, hopefully you get to use your personal preferences to make a decision as to who to be acquired by.
minimax 14y ago
You have to take the article in context. The author of the post is a partner at a venture capital firm. In VC the only real measure of success is return on investment.