5 Jul
2024
5 Jul
'24
2:52 p.m.
At 2024-07-05T02:20:31-0600, arnold(a)skeeve.com wrote:
To a large extent it still applies in startups.
[...]
I do understand your point, in startups people have to
be flexible
and do many things, but it still should require some consideration
for the longer term.
Consideration for the longer term is completely _not_ the point of a
speculatively financed startup.
The idea is to convince enough Series B investors, or an underwriting
bank that will float your IPO, that you have a sure thing in hand, that
you've identified a choke point in the market, and your firm will be
able to extract gigantic rents for an extended period by squeezing that
choke point.
The long term is often not long. But if you, with founder's stock, can
get out clean before your brilliant strategy is revealed as a moronic
façade, you've met your victory condition.
And if you don't? Practice blaming other people for your failure and
try, try again. Steve Jobs wasn't built in a day.
https://ca.finance.yahoo.com/news/27-billion-smoke-ndash-thats-125443313.ht…
Regards,
Branden