Actually, I was saying lifestyle companies make more people rich, not people more rich. Depends on your definition of rich, of course. :)
Not sure why you thought I might have changed my mind based on the above. Misreading perhaps? I wasn't PERSONALLY expressing any of the sentiments in my comment above. I was echoing what I see & hear from people who do care about acquisitions.
My position is, and has been for years, that the VC game is way more of a game of chance than a game of skill. (Unless you think it's a skill to have friends who can bail out your failing startup with an acquisition. It might be. But it's sure not the skill everybody promotes.) A game that, in a lot of ways, reduces your potential for self-determination. That's why I'm such a tireless promoter of bacon busines (http://baconbiz.com).
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Actually, I was saying lifestyle companies make more people rich, not people more rich. Depends on your definition of rich, of course. :)
Not sure why you thought I might have changed my mind based on the above. Misreading perhaps? I wasn't PERSONALLY expressing any of the sentiments in my comment above. I was echoing what I see & hear from people who do care about acquisitions.
My position is, and has been for years, that the VC game is way more of a game of chance than a game of skill. (Unless you think it's a skill to have friends who can bail out your failing startup with an acquisition. It might be. But it's sure not the skill everybody promotes.) A game that, in a lot of ways, reduces your potential for self-determination. That's why I'm such a tireless promoter of bacon busines (http://baconbiz.com).