Good article, Matt. Thanks. I like the way you think.
I think that part of the confusion of people when they get into the startup scene, is that they loose sight of what a successful exit does for you: solves the money problem. That's it. Nothing else. Nada.
A successful exit will not buy you love. It will not make you instantly happy. An exit will not provide you with meaning and purpose in life. It will not make you immortal. It will not fix all the other problems in your life. It solves one and only one problem: the money problem.
If you talk to people in the valley who were sudden millionaires in the first dot.com gold rush, I think that you'll find that sudden wealth brings its own set of problems which you touched on in your article. I actually remember reading a number of articles about the struggles of the nouveau-rich after their dot com went public.
These things are worth keeping in mind when you're thinking about that startup, or in dealing with relationships while you're in a startup. Be careful burning bridges with family and friends when you're working 100 hours a week with your startup. They might not be there when you find your exit.
I think that part of the confusion of people when they get into the startup scene, is that they loose sight of what a successful exit does for you: solves the money problem. That's it. Nothing else. Nada.
A successful exit will not buy you love. It will not make you instantly happy. An exit will not provide you with meaning and purpose in life. It will not make you immortal. It will not fix all the other problems in your life. It solves one and only one problem: the money problem.
If you talk to people in the valley who were sudden millionaires in the first dot.com gold rush, I think that you'll find that sudden wealth brings its own set of problems which you touched on in your article. I actually remember reading a number of articles about the struggles of the nouveau-rich after their dot com went public.
These things are worth keeping in mind when you're thinking about that startup, or in dealing with relationships while you're in a startup. Be careful burning bridges with family and friends when you're working 100 hours a week with your startup. They might not be there when you find your exit.