"You don’t have to start the next Facebook”. Actually, this is bullshit. One company started each year willl be more consequential than the rest combined. There’s no point shooting for, or celebrating irrelevancy.
Investors need to care about this, but not founders. It really matters whether investors fund the next Facebook, but founders who start a startup that ends up being worth $100m can and should be pretty happy with that.
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Sure, but - burning desire /= need to start next facebook
End of conversation
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There’s rarely a different in intent between the founder that builds a 100M and 100B company. They both build the best company they can
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Yeah, founders can't diversify. On the other hand, if all a founder cares about is maximizing the expected value of their impact, their math must be remarkably similar to VCs.
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You don’t have to start the next Facebook... this year. Founders can diversify with time instead of in the moment. If you aren't satisfied with your first company result you can always start another.
End of conversation
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Or even a $10m or a $1m company. Not everyone wants to be massive and “relevant”; you can be a smallco and make an impact in your neighborhood that you care about. It’s not a “startup” but neither are 99% of them unicorns.
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Remarkable how a deep thought like the one by
@mmay3r above can lose its 'deepness' when perspective changes.Thanks. Twitter will use this to make your timeline better. UndoUndo
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This is an important lesson for lots of situations: the advice is different for different sides of the transaction. This doesn’t just work for founders / investors; it also works for men / women, politicians / voters, police / civilians, etc.
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