3 ms·
> It isn't rare at all to find founders that are in the most literal sense of the word delusional about what the value of a company is. Agreed. Example: him:
by mgkimsal 11y ago
> It isn't rare at all to find founders that are in the most literal sense of the word delusional about what the value of a company is.
Agreed. Example:
him: "Got an idea!"
me: "Let's hear it..."
him: 'splains idea
me: "neat - hold on"
me: build quick mvp to get initial users - 2 days
him: "oh but it needs xyz"
me: "not until you talk to customers"
him: weeks later, a bit of traction
me: "cool - you know, if you/we can get some more users in this area, maybe up and down the coast, this would be a nice little acquisition from someone like 4square"
him: "what?? i'd never sell"
me: "we'd probably be looking at a couple million for less than a year of work, assuming you can get the traction"
him: "this is going to be bigger than Facebook - this will be everywhere! don't you understand the value here?"
me: "you're serious, aren't you?"
Yes, he was deadly serious. Over the years, he's mellowed a bit in that intensity, but still seemed to hold on to the notion that having an idea and someone building an MVP = ownership of billion dollar marketplace. The notion that other people considered the idea and deemed it not worth pursuing, or perhaps have actually tried it and learned it's not the market that was assumed... genuinely never crossed his mind. Ever.