If you try something that blows up and leaves you broke at 26, big deal; a lot of 26 year olds are broke. Indeed, labour had no price i. Why should an entrepreneur want to hire employees rather than subcontract an activity or service to someone else? You just try to get people to pay you for stuff.
Almost everyone who worked for us was an animal at what they did. I was working for Yahoo when Google appeared, and Yahoo didn't understand search. The problem was, since we'd been about to be acquired, we'd allowed ourselves to run low on cash.
At this stage the company is just a bet. And they're going to be a lot more impressed if the answer is a thousand than if it's ten. Eventually we settled on one millon, because Julian said no one would invest in a company with a valuation any lower.
Most become extinct, victims of upstarts with brighter ideas, better management structures and fresher products. So mainly what a startup buys you is time. But I decided not to, because that's implicit in making something customers want.
What it amounts to, economically, is compressing your working life into the smallest possible space. Microsoft's original plan was to make money selling programming languages, of all things.
Basically, a VC is a source of money. Does your product use XML? It must once have been inhabited by someone fairly eccentric, because a lot of the chinks in the walls were stuffed with aluminum foil, as if to protect against cosmic rays.
I have struggled with depression and have been fortunate enough to have others share their own struggles with me. We had office chairs so cheap that the arms all fell off.Doomsday Prep for the Super-Rich Some of the wealthiest people in America—in Silicon Valley, New York, and beyond—are getting ready for the crackup of civilization.
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