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Makes me wonder if building a company still is financially wise. Even if you're successful, a prominent well-established career path will probably balance out
by dataker 11y ago
Makes me wonder if building a company still is financially wise.
Even if you're successful, a prominent well-established career path will probably balance out an average startup exit(assuming there's one).
- chrisper 11y agoI guess people are hoping for the rare occasion where you will be either bought up or you can go IPO one day.
- mellavora 11y agoWas it ever financially wise?
- mellavora 11y agoI'm not saying not to do it, just saying that there are easier ways to get wealth. You might be in the game for other reasons.
- Alleluja 11y agoThe point is there are other ways "to make it" except for VC founded c-corp and stable employment. Huge majority of successful businesses in the US (and business owners) make it without VCs and their money. I know of a guy who made millions by developing a sms-sending platform. No debt. No outside investment. That's the way really smart guys do it. Guys in the same category will take VC money because they know they own facebook or google. The rest are , well... dreamers...
- adventured 11y ago99% of all corporations in the US are private. They operate day to day without intent to ever do an IPO or get purchased. The alternative answer is: people build a business with actual cash flow and profits that can sustain itself and grow under normal conditions without the need for vast sums of venture capital. Nearly all of the $18 trillion US economy operates outside the economic sphere this article is talking about.