Most of us would take Box A, but the folks at FB or even Twitter are looking at box X, Y and Z.
Of course once you get mid alphabet the possibility of an empty box is probably pretty slim.
Most of us would take Box A, but the folks at FB or even Twitter are looking at box X, Y and Z.
Of course once you get mid alphabet the possibility of an empty box is probably pretty slim.
As an entrepreneur you are in the best position to change the world after building a profitable, sustainable business (vs initially aiming to change the world). You can do it over and over with the same venture (like Jobs, Zuck, Wolfram, etc) or you can build, sell and then repeat (Andreeson, Thiel, etc). Either way, changing he world is about iteration, persistence and taking advantage of the world changing opportunity when the time is right. Of course you can get very lucky, but statistically, as an entrepreneur the best way to change the world is to build a profitable company and then repeat.
(Source: http://philip.greenspun.com/bg/)
234.89B MSFT 112.40B Oracle 170.08B AAPL
I can kinda see why apple is worth so much, although, of all apple consumers, how many hours a day do they spend on Apple vs how many on MS. And I really don't even see how Oracle is in this same race, but they are.
What makes Gates extraordinary in this sense? Just because he kept some shares and stayed on, it doesn't mean that the source of his fortune isn't the Microsoft-shares he sold.
IPOing is also selling out, it's just selling out to a lot of people simultaneously.