Re:Has anyone just completed an exit?
by webwright on Tuesday December 15, 2009 @03:49PM
(#997382)
It's not just about talent.
It's about (among other things, I assume):
- Wealth (exit = cash = ability to work for equity for an indeterminate period)
- Availability (recent exit = not currently engaged with another project)
The first is the biggie. I'd say 99.9% of people on HN can't say "I will eschew all paying work for up to 2 years and can toss a few hundred grand of my own money in if we need a cash infusion".
Of course, the recent exit thing is a problem, too. Most buyers lock in the founders for 1-2 years, so recent exiteers will have golden handcuffs.
Re:Has anyone just completed an exit?
by webwright on Wednesday December 16, 2009 @04:25AM
(#998421)
That's a great deal (makes sense for an ISP)! But if you're looking for software entrepreneurs who are coming free, it might mean people who sold 2 or 3 years ago, depending on the business.
It's about (among other things, I assume):
- Wealth (exit = cash = ability to work for equity for an indeterminate period) - Availability (recent exit = not currently engaged with another project)
The first is the biggie. I'd say 99.9% of people on HN can't say "I will eschew all paying work for up to 2 years and can toss a few hundred grand of my own money in if we need a cash infusion".
Of course, the recent exit thing is a problem, too. Most buyers lock in the founders for 1-2 years, so recent exiteers will have golden handcuffs.