I'm going to guess that Jake will take a lot of flak here for this article, but the truth is: I agree with him, for a certain version of "success".
There are folks who will pursue money, and then an acquisition looks like a nice validation and exit. Great. No prob there.
But there are a bunch of folks who are satisfied when they are building, and any other mode feels like something is missing in life. My advice to this (my) cohort: Don't fight it, just accept that you're always going to need a project to obsess over. Odds are that project will be a failure but not as much as anything else that is not so much a "project" as "going to work in the morning."
You can keep building when you have $10M in the bank. You can build a lot of things, not just websites. You can build a hotel. There's so much out there to do. Working on the same thing my whole life sounds miserable.
Agreed (despite my response above). I know that if I built a company and then sold it for $10,000,000, that I would - indeed - feel some regret over that. But assuming it was the decision I needed to make in order to do other things that mattered to me, then the thing is... once I "cash out" of one company, I'm free to turn around and start another one! Maybe I want to take a break, do the Scotland thing, veg out for a year, and come back refreshed and re-energized and ready to rock. And guess what? Now I have the seed capital to start my new company and don't have to worry about figuring out how I'm going to finance the initial phases! Win-win.
And I am pretty sure that, in my own case, this is exactly what would happen. Because, yes, a natural born entrepreneur does always feel that drive to build and to create. But nothing says we can only have one creative outlet in our entire lifetimes!
Comments
I'm going to guess that Jake will take a lot of flak here for this article, but the truth is: I agree with him, for a certain version of "success".
There are folks who will pursue money, and then an acquisition looks like a nice validation and exit. Great. No prob there.
But there are a bunch of folks who are satisfied when they are building, and any other mode feels like something is missing in life. My advice to this (my) cohort: Don't fight it, just accept that you're always going to need a project to obsess over. Odds are that project will be a failure but not as much as anything else that is not so much a "project" as "going to work in the morning."
You can keep building when you have $10M in the bank. You can build a lot of things, not just websites. You can build a hotel. There's so much out there to do. Working on the same thing my whole life sounds miserable.
Agreed (despite my response above). I know that if I built a company and then sold it for $10,000,000, that I would - indeed - feel some regret over that. But assuming it was the decision I needed to make in order to do other things that mattered to me, then the thing is... once I "cash out" of one company, I'm free to turn around and start another one! Maybe I want to take a break, do the Scotland thing, veg out for a year, and come back refreshed and re-energized and ready to rock. And guess what? Now I have the seed capital to start my new company and don't have to worry about figuring out how I'm going to finance the initial phases! Win-win.
And I am pretty sure that, in my own case, this is exactly what would happen. Because, yes, a natural born entrepreneur does always feel that drive to build and to create. But nothing says we can only have one creative outlet in our entire lifetimes!