I know a bunch of incredible entrepreneurs whose original motivation was to “pay for diapers, day care, healthcare” for their kids.
In my books, that makes them “the best founders.” 
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If tech bro founders are really “not doing it for the money” how come none of them want to pay more taxes?5 odpowiedzi 16 podanych dalej 143 polubionePokaż ten wątek -
W odpowiedzi do @mijustin
You don’t understand. Tech bro founders are more like movie directors. They don’t do it for the money because the VCs are the ones doing it for the money. Everyone else gets table scraps in 95% of cases. Sometimes the scraps are big, but they’re still scraps.
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W odpowiedzi do @Swizec
Not sure I believe that narrative. Many of Silicon Valley’s “favorite” founders (Zuck, Bezos, Page, Brin, Gates, Musk) own significant percentages of their company’s stock. I *wish* Bezos cared less about his money, and paid his employees more.
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W odpowiedzi do @mijustin
Many is very different than most. Alas I don’t have access to any cool data on this. But from what I’ve heard, most founders aren’t able to just magically maintain board control and VCs typically take preferred stock. Also majority of VC-backed startups die in acquihires.
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W odpowiedzi do @Swizec
I get your point. But even founders who outwardly buy this rhetoric of “making a dent in the world” are still motivated by money. Otherwise, we’d see a lot more B-corps.
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W odpowiedzi do @mijustin
Different kind of money motivation. Lifestyle money – you’ll stop pushing at 200k/year, maybe 300k. No good for VC model. Highscore money – awesome! Now you’re one of us, go go go
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W odpowiedzi do @Swizec
It feels like you have to do a lot of verbal gymnastics, instead of just admitting that money is a big motivator for most founders. Lol. You can be motivated by other stuff too! But a central purpose of business is… to make money. That’s capitalism!
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W odpowiedzi do @mijustin
No no I’m saying it is a big motivator. My point is that the industry wants to filter for people who will keep pushing after they reach satiety levels. They want the glutons.
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The problem with money as core/only motivation is that you quickly reach “enough” and then it’s hard to keep going. If you instead treat money as a side-product, it’s easier to go big. I’m saying this as someone who reached an enough and then it all went to shit real fast :D
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Got it. Yup, we agree there. (One tricky bit for folks with families is that the bar for “enough” is just so much higher. Many parents live in survival mode for so long. Raising kids in North America is incredibly expensive; even if you just want to be moderately comfortable)
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I cannot imagine raising kids in the US. The college-situation is a nightmare. Much cheaper here in Europe to get a good education. I you are smart and have a good work ethic you can study without bankrupt yourself. The European dream! :-P
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