[blakeweb]

I disagree with the comments so far--I think he makes a solid point.

The bootstrap model requires you to be good at both innovation/experimentation and sustained management/maintenance. He's says people have different strengths, and therefore it pays to separate out the business lifecycle into the creation stage, when the entrepreneur thrashes the company into something valuable, and the growth/maintenance stage, where the goal is to take a working company and make it better.

With the startup experience he's had, he's in a good place to share his opinion that dividing people into those two camps via the funding/acquisition model makes the entrepreneurs happier and the companies more successful.