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Here's the problem with that... False assumptions being made in the article include: - You need venture capital to be successful - The goal should be public
by jastreich 13y ago
Here's the problem with that... False assumptions being made in the article include:
- You need venture capital to be successful
- The goal should be public trading
Cargil, Koch Industries, Mars, LAMPO Group and many others remain privately held.
- You can measure the potential for financial success of a company in some real tangible way, and tell how close you are too that potential.
I also don't think that money and control are the only two orientations to have here. Or perhaps there are subgroups to money and control orientation.
For instance, Fred Rogers (Mr. Rogers) wanted to pass on his show to another; but, couldn't find someone who met his high standards of morals, communication skills, and permeability. After his death, the Fred Rogers Company (formerly Family Communications) did launch a new show, and it was still important enough to get Fred's widows blessing before it aired. Is that control oriented, or is quality oriented?
Or take a look at company founding CEOs that have missions or beliefs that forbid them from taking shortcuts to maximize profits, like an unwillingness to outsource to parts of the world that treat labor like cattle. Is that simple "control orientation?
I am control oriented, and for that reason won't take on debt, venture capital, investors or partners. I am clear, it is mine, I have a vision for it, and you can't have it or pervert it. Profit isn't as important as delivering a good product and actually touching lives.