4 ms·

So the goal is to turn down 100MM offers, so you can show off you had the courage to do it? I disagree with that.

• jacoblyles 14y ago
  It's so much easier to start a new venture once you have had a successful exit. Investors throw money at you. My advice to founders would be to think of the impact that a successful exit can have on your entrepreneurial career. Think of paypal.
  • btrautsc 14y ago
    While I agree with you... I think Paypal is about as unique as it gets. See Paypal Mafia [1]. That company consolidated amazing talent (both technical & entrepreneurial) during the bubble, went IPO, which made many of many of those soon-to-be entrepreneurs wealthy. With cash in their back pockets, the started, fronted, and funded an incredible list of companies. Ultimately, they utilized wealth, past success, and an incredible network to keep leveraging to build more of each. 1. http://en.wikipedia.org/wiki/PayPal_Mafia http://en.wikipedia.org/wiki/PayPal_Mafia
• johnrob 14y ago
  That's the fall back. And it's not as bad is you'd think for those whose companies ultimately failed. The goal is to make the company into something significant.