I am so damn sick and tired of the “exit” mentality when it comes to tech companies…
Fuck the exit.
I want to create an *entrance* to the future.
I want to build things that help people.
I want create products and solutions that add value instead of extracting it.
Thanks for coming to my TED talk.
I’ve been talking to investors about a mining location we have and that is the mentality. It’s difficult to forecast revenue for 3-5 years mining Bitcoin, let alone going public and exit. I want to build Bitcoin mines with Bitcoiners. Bitcoin is the exit.
Yeah, even the bitcoin VCs are wanting future raises. Governance terms are very anti-founder. Even among the “best” credentialed first time entrepreneurs. Everyone is CYA first and foremost.
(Which is what makes FTX that much less believable.)
It can't be a TED talk -- there's a possibility you might actually do something. :D
Unfortunately, the money that you’ll attract doesn’t give a f*ck about your wants. Take it or leave it … there will be future series with stupid governance. Even from the #bitcoin VCs … pretty fiat IMO.
🎯
VC backed with activist board members driving the up and to the right game.
Ya all good now….Everyone needs to dump their trash can.
⚡️💜🤘🧡⚡️
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1. A likely path is to then, not take on venture cap but to get to sustainability.
2. this is un-sexy and staff might leave if too much grit required for god metrics over vanity ones, for too long.
Easier for them to work with venture backed co with their longer time preference on profit-loss, if at all.
3. You will also have to keep up with inflation, by providing increments, so sustainability slips back into a loss. Thank Keynes.
Result. Staff leave for venture backed co. which can be at loss by kicking can down road.
4 solo-preneur, or tiny team size might have a chance. Use only what you need and can pay for.
Sometimes i really pitty the man, he was solving a problem that exist about a century ago, a solution at one time will create a new problem in the future, it is up to the current gen to be smart enough to come up with another solution to that problem. Not solution is perfert, we are not God. And there hasn’t been a single economist in the world that can save the world, they are not Jesus. Give his name a break please.
Slowly displace with better options
Advancing society 🔥
The problem is what do you do if you become tired of running your company. Do you just shut it down? Or sell it for a lot of profit?
Building the new and better is the fastest way to help people exit the existing.
