This link has been bookmarked by 13 people . It was first bookmarked on 12 Jun 2010, by organizedagent plentipridence28.
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22 Jun 10
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grateful that they can spend their time doing things rather than discussing things
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14 Jun 10
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What business schools teach, and the conventional wisdom in Silicon Valley, is that a tech startup must have a clearly defined exit strategy and focus all of its energy on reaching this final goal. In other words, entrepreneurship is all about the exit—wealth needs to be built by taking the company public or selling it to a larger player.
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“What if the idea of exit was removed from the equation… what if the investor and entrepreneur agreed to a different model—the model of sharing dividends”?
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This makes a lot of sense for many of the entrepreneurs that I know.
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But most will be happy to build a lifestyle business that pays the bills and lets them learn, grow, and “enjoy” the entrepreneurial journey. They would rather build wealth slowly and steadily than live in fear of investors’ forcing them to bring in another CEO, or to take the company down the wrong path.
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I may be glorifying lifestyle businesses a little more than I should. It is never easy to build a profitable business, and there are many risks. Without input from shrewd investors who keep their ears to the ground, a company risks rapid obsolescence. Technology changes very fast, and you can go from boom to bust overnight.
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if you build a company with the right values, you are more likely to be successful and enjoy the journey than if you just focus on the exit—and that it is okay trade a little bit of ambition for happiness.
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13 Jun 10
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Of course I think most entrepreneurs are more motivated by a desire for autonomy and accomplishment than safety.
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12 Jun 10
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