bitbotbit

4 ms·

1.
by bitbotbit 11y ago
Thanks for the feedback. Namely, there's a number of other product ideas I think could be higher growth that I'd like to explore. Recently moved to SV from a fly-over state, and think may finally have the potential to leverage an
2.
by bitbotbit 11y ago
When you say much easier time in future, any specifics outside of raising? Does professional network find an exit much more impressive than just running business profitably for number of years? Thanks for the feedback!
3.
by bitbotbit 11y ago
This is after our salaries (ie pre-salaries 375K operating profit per year). No short-term capex (serving upgrades to future proof 2-3 years recently completed). Cash in back account growing monthly.
4.
by bitbotbit 11y ago
Has anyone sold their company, then regretted it from a time investment standpoint?
5.
by bitbotbit 11y ago
Not having a strong understanding of the market from the get-go and not having an employee to run the business after 6 years is correlated in the following sense: Founders have a large amount of surface area to cover (office, accounting, in
6.
by bitbotbit 11y ago
For context, we got into the situation we're in based on not having a strong understanding of the market/ unit economics from the get-go. It's taken heroic efforts from the team and a significantly large, complex technical pr
7.
by bitbotbit 11y ago
Good point. Could work on other things while at the office, but seems difficult to have enough time while down a founder, and trying to run and M&A at the same time.
8.
by bitbotbit 11y ago
This is a concern. It could result in needing to either do the job of employees who leave myself, or need to train in temp staff. Either efforts could dilute the viability of spending sufficient time on M&A.
9.
by bitbotbit 11y ago
Some of the problems we thought we'd face moving management to someone else are well outlined in http://jacquesmattheij.com/sell-it-or-run-it-there-is-no-mid... , posted earlier this year on HN.
10.
by bitbotbit 11y ago
Mostly opportunity cost. We think finding a good candidate to hire and run the business is likely a 9-12 month proposition, which could still fail after the hire (bringing the founders back in).
11.
by bitbotbit 11y ago
Handing off day-to-day management: We explored this option in depth by speaking with as many founders as possible who had attempted this. Ultimately, the consensus was that unless you have an employee who is positioned to and interested in
12.
Ask HN: How important is exiting your company?
15 points by bitbotbit 11y ago|22 comments