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by rockyperezz 684 days ago
Thanks John - it makes a lot of sense, the way you put it. I guess oftentimes founders (and I'm guilty of this as well) tend to pedestalize their product/company as if it were their own baby (especially if it started out as a "passion project" they'd work on as an escape from their corporate job), and may dread having to diversify.

But practicality above all. As you said, "the world is a fickle place".

1 comments

> tend to pedestalize their product/company as if it were their own baby

This is a classic mistake! Although 100% understandable. A variation on this is the reason why writers have the saying "kill your babies" -- be wary of that idea that you are really in love with. That love is awesome, but it also can easily blind you to harsh realities.

I did want to clarify my earlier comments, though. I think what's important is to have multiple revenue streams. We (and I!) tend to think of revenue streams in terms of products, but it doesn't have to be. Revenue streams can also be returns on investments, apparently unrelated services, or whatever you can imagine. The point is to not get all of your nickles from the same pocket.

Thanks for the clarification, John. Totally agree! Gotta add the "kill your babies" mantra to my philosophy moving forward. Glad to learn something new everyday on here. Thanks!