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> Secure your own future and the hell with the industry's This is just not something I can agree with, regardless how it's twisted. Accumulating a sustainable
by arielm 11y ago
> Secure your own future and the hell with the industry's
This is just not something I can agree with, regardless how it's twisted. Accumulating a sustainable amount of money isn't as easy as raising a few rounds on a weak idea. It takes a real idea, perseverance, and thinking really long term. The mindset quoted above isn't likely to support any of these requirements.
So, really what you'll end up with is a nice house, a pretty car, and a few fake friends while it's all running smoothly. The second you can no longer deliver it all goes away. I might be in the minority here, but I plan to leave my children an empire. Not a house of cards.
- fredkbloggs 11y agoAssets don't just "go away" unless they're encumbered by debt. If you're paying yourself a bloated salary, living frugally, and taking advantage of opportunities to sell things that are ridiculously overvalued, you should not have any trouble building durable wealth in a short time. It's fine to say that you don't like what I'm saying. It's fine to think it's unethical, or that it harms others. But don't suggest that it doesn't work; it very obviously does.
- arielm 11y agoYou're right in your approach. However, in the capital market founders don't usually get to dictate their salaries or suck in more of the loot than is absolutely necessary. That's why VCs keep a good portion of the control. Now this may not be the case always, so yes, a short term plan could work. But I doubt it works reliably enough to be turned into a rule.