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For me, the acquisition is a failure on all levels. Failure to execute, failure in reaching beyond one's capacity to take the startup higher, failure in self-be
by xackpot 11y ago
For me, the acquisition is a failure on all levels. Failure to execute, failure in reaching beyond one's capacity to take the startup higher, failure in self-belief. Even though one may have earned money after an acquisition, the real aim of a startup is to change the world and not to get acquired and die.
But failure doesn't come cheap. For you to fail, you will need to put your heart and soul into the startup to succeed. And as spotman says "build something you believe in, that solves a real problem, and gain real traction", he didn't add that once you start getting offers for acquisition, stop believing in your idea and get lured by the offer and the riches.
I personally believe in one learning from "The hard thing about hard things" book by Ben Horowitz, is that you should sell your startup when you have reached your max capability to take the startup to the next level.
- mohameddev 11y ago@xackpot I totally agree to what you are saying, but what I'm trying to figure out how to build startup/products that could be interesting for some big companies in order to get cash fast and build more bigger and more important startup / products. I'm a cofounder of software service company that I has been running for about 3 years now successfully, but the point of stable/ enough cash flow still a problem
- PythonDeveloper 11y agoAgree 100%, unless it's your goal. Take JohnsonGrace, https://en.wikipedia.org/wiki/Johnson-Grace https://en.wikipedia.org/wiki/Johnson-Grace , they re-made JPEG into a product that really ONLY AOL could benefit from, then orchestrated a buyout by AOL based solely on the amount of savings AOL would experience from the use of their technology. Essentially, they made AOL's JPEG image cache smaller and thus saved the cost of moving the extra bits across what was then a very expensive telephone network. I worked for Steve Johnson, one of the co-founders, after he came to AOL and I can tell you he is a master of this very tactic.
- partisan 11y ago> the real aim of a startup is to change the world Honestly, not everyone is trying to change the world. The real world is full of businesses that provide a good living for their owners and their employees. You can read books and articles about startups all you want, but those books aren't going to make choices for you. You have decide what is right for you and your business.
- xackpot 11y agoThe real aim of a startup is to change the world either in the smallest, unnoticeable way or at perceptibly larger way. When you do a startup, you want to address a problem and change the world by solving that problem. If you don't want to change the world, what is your startup trying to achieve? Btw, nobody reads books because they make choices for you, or teach you how to make choices. In fact, books don't teach anything if you are not ready to learn.