Re:Medium's Evan Williams to Publishers: Your Website Is Toast
by ThomPete on Wednesday September 16, 2015 @07:47PM
(#10230764)
I am always reminded of Clayton Christensens very simple principle. Be patient for growth not for profit.
And it taps into a discussion I had with another friend of mine who is a founder of a venture backed company.
His claim was that he wanted to create a workplace that wasn't like those old industries which exploited it's workers.
My claim was that the only reason he could even care about that was because he was backed. The second you actually have to make a profit and there is no potential investor waiting to bail you out lets see how nice you are going to be.
In other words. It's easy to want to change the world and do things different when you don't have to create profit but just grow. It's when you have to make a profit every single day the true nature of your business become apparent.
And it taps into a discussion I had with another friend of mine who is a founder of a venture backed company.
His claim was that he wanted to create a workplace that wasn't like those old industries which exploited it's workers.
My claim was that the only reason he could even care about that was because he was backed. The second you actually have to make a profit and there is no potential investor waiting to bail you out lets see how nice you are going to be.
In other words. It's easy to want to change the world and do things different when you don't have to create profit but just grow. It's when you have to make a profit every single day the true nature of your business become apparent.