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by duncanwilcox
4718 days ago
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Counterpoint (old but relevant): http://blog.wilshipley.com/2011/04/success-and-farming-vs-mi... The article paints non-startup guys as parasites. That's so needlessly polarizing. The more common definition of the Passive Income Hacker is "lifestyle business", i.e. a business where you don't seek a 10-100x exit. Personally I think if all you've done or plan on doing is an app or website, calling it a startup is kind of silly. |
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I have to disagree with this one, of all of the people I know that have "lifestyle businesses," they were as committed to the early stages and aggressive as most of the "startup" guys I know. While some of them, after years of work, got to "minimal interaction with the business," most of them still work it hard for a standard week. The only difference between them and the "start-up guy," is they don't ever want to exit.
I've always seen the PIH "movement" (if we can call it that), much more opportunistic than many "lifestylers" - there's a big difference between being committed to something for life, and and trying to find a way to make money by doing as little as possible.
That last part is not to say that all PIH's are opportunists working on things that make money even if they could care less about them - but the movement is distinct from that of "lifestyle" business, where the goal is to make enough for a good life, doing something you enjoy/love.