Founders need a clear sense of what they're giving up, and what the potential payoff is.
Example:
I'm investing $5k,
and 800 hours of my time,
building this software.
My goal is to reach $10k in MRR
by August 2, 2021.
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Don't undervalue the investment of your life in an idea that (might) not pan out. The longer it takes you to get to "default alive," the riskier your bet becomes. Smart founders get out while the getting's good (so they can try something else).https://twitter.com/destraynor/status/1029688002442874883 …
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Ten tweet jest niedostępny.
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I agree that those things are shitty. But eventually, business bets need to provide financial returns. It can't be "I get the lifestyle, but sacrifice the financial." Over the long term, you're going to need financial returns.
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Really depends on how you fail. If you were solving problems, learning stuff and meeting / helping people then there is no reason you can't sell this on your profile for your next move.
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ex-founders are highly valuable :)
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I know a few founders who dithered, waited too long, and eventually got labeled poorly because their companies didn't succeed.
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Many founders (me!) don’t even consider the career path/ladder a viable option. It’s like telling Jackson Pollock he should paint houses because the odds of succeeding are better. Nope.
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Not always the case, but I think “started a few companies over 5 years” > “climbed corporate ladder for 5 years at one company” When you aren’t an employee at a mid/large company you learn a ton of skills that make you more useful as anything above individual contributor.
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100% disagree. Have seen many friends climb a single corporate ladder, only to get trapped in an inflexible place where employment options are narrow i.e. they can only get a job on that specific ladder. Diversifying your ladders drives up your value, regardless of success.
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This applies to employeeship as well though. If you're climbing the corporate ladder at a company that's struggling or outright failing, your years spent there don't necessarily help you secure a better gig later on
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I understand the original tweet was aimed at the distinction between starting a business and joining a highly profitable enterprise business, but for most people that's not the choice they're presented with
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Wydaje się, że ładowanie zajmuje dużo czasu.
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building
Energy
Every idea we commit to has huge opportunity costs.
If your company succeeds, your value as a potential employee goes way up!
If your company fails, and you spent years not climbing the corporate ladder, your value as an employee goes down.