| "Who wouldn't want their start up acquired?" A person who is building a sustainable business that doesn't want to see it mothballed or sullied by others. "I mean what's the point starting your own company?" This is a common but fallacious argument. If you wanted to make money, at median you are far better off working as an employee for another company. Given the high failure rate (you are forgetting selection bias), you have to have something more than a profit desire to start a company. For me, I know I wasn't happy working at a company and having left that environment I don't think I ever want to go back :) "The goal should eventually be an exit of some kind." The goal is an exit if you think of your startup as a massive pump and dump. Plenty of people build very sustainable lifestyle businesses. It really sounds like you need to reevaluate your life a bit, especially if you think that everyone goes into this solely to make a boatload of money. It's easier to make your first million working for a hedge fund than it is in a startup. |
In fact, this is what Mr. Summly did, by way have being born to a banker.