- Impact
- 50
Over the past 10 years, I've personally witnessed many employees with large stock options, as well as affliates, have unrealistic expectations and jump the ship too early. They lost out on millions and in one case billions.
Companies like Demand Media and Local Experts were not built in a day.
At Respond, I had affliates who thought they could do it better than we could. They cancelled their deals and launched competitive sites. 18 months later they were back asking us to buy out their assets.
People like Richard and myself have a track record of launching successful companies. If we did thing "by the book", then anyone could do what we did. When I'm facing across the competitive aisles staring at a new company and I get the opportunity to speak to the CEO (maybe at a conference). I have a series of three questions that let me know if this company is a "wanne-bee" or a real threat. Companies that are "wanna bees", do everything perfect and by the book.
One of my friends had a brother who has launched several succesful internet companies and was worth $1B (down to $300M - poor guy). There were stories where he would go into the CTOs office and ask him to look at the stock price. It was up $10 for the day. Then he ask the CTO to read the comments that the CEO had made to the press. Last question, "OK Mr CTO how are we going to do this and launch it by the day I said it would be out".
Seriously, if launching a company was easy anybody could do it. If a book described how to launch a company with a proven method, it would be a best seller.
Don't miss out on millions because you can see the forest thru the trees.
Demand Media is going to be worth alot of money.
Local Experts is going to be worth alot of money.
In Respond we had a saying YIYO - Your In or Your Out. If you can do it better, then do it. If not, then have a coke and a smile and stick to domaining. You don't have the patience needed to be a succesful business man.
Companies like Demand Media and Local Experts were not built in a day.
At Respond, I had affliates who thought they could do it better than we could. They cancelled their deals and launched competitive sites. 18 months later they were back asking us to buy out their assets.
People like Richard and myself have a track record of launching successful companies. If we did thing "by the book", then anyone could do what we did. When I'm facing across the competitive aisles staring at a new company and I get the opportunity to speak to the CEO (maybe at a conference). I have a series of three questions that let me know if this company is a "wanne-bee" or a real threat. Companies that are "wanna bees", do everything perfect and by the book.
One of my friends had a brother who has launched several succesful internet companies and was worth $1B (down to $300M - poor guy). There were stories where he would go into the CTOs office and ask him to look at the stock price. It was up $10 for the day. Then he ask the CTO to read the comments that the CEO had made to the press. Last question, "OK Mr CTO how are we going to do this and launch it by the day I said it would be out".
Seriously, if launching a company was easy anybody could do it. If a book described how to launch a company with a proven method, it would be a best seller.
Don't miss out on millions because you can see the forest thru the trees.
Demand Media is going to be worth alot of money.
Local Experts is going to be worth alot of money.
In Respond we had a saying YIYO - Your In or Your Out. If you can do it better, then do it. If not, then have a coke and a smile and stick to domaining. You don't have the patience needed to be a succesful business man.
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