slap_shot
Joined 15 years ago
Joined 15 years ago
And that is exactly why it is now my favorite movie. A lot of movies have moved me, but this thing did something I didn't even know movies could do.
I try to do what I can to put something in the world that is not garbage.
This is an incredibly good point. I, myself, left BigCo to launch aforementioned startup, and mentally, I was accepting that if went to zero (it did) at least I was spending the prime of my career doing what felt like the most meaningful thing I could be doing. I did not, however, create my recommended operating agreement or get the buy-in of my wife.
As it relates to this article, a $1B+ company generally has product market fit and the founder has taken $10M+ off the table, which is more than they would have made in a regular job over a ~10 year period. The authors concerns don't apply in that situation.
I agree that they should explored other options to see if the dog could have been given to another owner in an environment better suited for a pitbull. I don't know that one exists, but if you choose to own a pitbull, you hold that responsibility when you decide to disown it.
There is no significant causation related to a founder's marital status.
> Don’t be fooled, older founders have considerably more assets and a wealth of connections in their industry, as well as older more independent children. This offsets the wife and family effects.
> No, because there are a lot less older founders than younger ones. So when you extrapolate from the data it will seem that having a wife and kids is a negative for a founder’s chances of success.
These are the the confounding variables you were looking for. Older founders _are_ more successful and it has to do with, among other things, the experience and connections they have, and that people are more risk-averse as they start families.
_Coincidentally_, the likelihood of being married increases as one's age increases, which is why you see fewer but more successful founders at the ages they are more likely to be married.
My suggestion to anyone in a serious relationship that is starting a business:
Cofounders often layout an operating agreement when they start a company. A founder and their spouse should do the same: layout your expectations (time, money, opportunity costs, life responsibilities) and frequently have open and transparent conversations about if each party is still comfortable with the arrangement.
Hearing the author see his pivots and realizing he would cut off his arm before folding the company (hyperbole, I know) signals he is probably crossing the line of what would have been put in the operating agreement.
A good technical founder is forgoing $500k+ a year in comp for a high-percentage chance of nothing. That has an immense effect on a relationship. Watching a spouse who is that committed and failing has to be absolute hell.
Would pointing you to the dozens of publicly traded companies with open core models "prove you wrong"?