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Download barkley marathon gary robbins12/7/2023 ![]() No one without the name Zuckerberg would have predicted the company's rise to riches. Peter Thiel, a prominent early investor in Facebook, explained in his book, “Zero to One,” that a “new company’s most important strength is new thinking.” Facebook began its life as a niche college student obsession dreamed up by a Harvard dropout. Every billion-dollar path can only be trod once. But if you were to run his route step for step, you almost certainly wouldn't. ![]() And once profitable, he had no need for VC money.įrind ran his own race, and he won. ![]() įounder Markus Frind bootstrapped PlentyOfFish into profitability while retaining 100 percent ownership. Online dating phenomenon PlentyOfFish, for example, never took a dime of VC funding. In fact, Cuban often advises firms not to go the VC route. But just because it worked for us does not mean it's right for all, or even most, businesses. Many founders have washed out trying to make that plan work.Īt Node, we sought investors because we sensed a narrow competitive window for us to build out our tech infrastructure. And finally, there's the triumphant finish when they take the product to market. Then, there's the jolt of energy from venture capital. Next, they set the pace with limited proof of concept. At the starting line, they have a killer idea. ![]() When founders set off on that run, there's a mental map that many have in mind. ![]()
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