Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

The word "fuck" only really works in a shock way the first few times; after that you just sound angry.

Some good points got lost because of that.

Young Entrepreneurs Should Sell Out Early

I did that - not because I was forced but because the deal was good and I have plenty of other ideas to turn into countries. And I agree: it's a good thing.

In fact I sold my second company - the first one crashed and burned. It was a useful experience because the oulay costs were 4 figure amounts and I had no employee's - so no one really lost out.

Now I feel like I have had the right experiences and can make better decisions next time.

Too often I think we see people offered vast sums of money with no idea really what to do with it. The successes we hear about are the multi-millionaires who make the right decisions (either through luck or skill) but Im sure there are plenty of others who failed.

Im glad I got the chance when the worst setback I could face is being back at square one.



when Dave says "sell out early" (and says "firesales don't count), he's talking about sales < $250M as "early", not $xxx,xxx or sub 5M deals.


I know but the same principle stands, it's just a different scale :)


Not sure about that. When I see the word 'sale' and 'exit' together in one sentence only to find out after a lot of digging that we're talking about a < $50K deal its painting a bad situation as a win-win.

It means that a startup has basically failed, that there may be some technology that can be recycled or that the founder has enough street creds that they can convert their failed startup into a signing bonus and call it an acquisition.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: