58 karma · joined January 26, 2012
1. How many shirts do we order? 2. When is it worth moving on to the next trend? 3. How should we handle shipping? Do we market globally or locally?
Even the smallest business require a lot of balancing of priorities and planning for the long run with uncertain returns
Everybody is racing to create the future and don't slow down just because you didn't get into YC.
>Decide if somebody else is doing it, and if you think they’re doing it well, go help them do it
>Only if no one else has started to build that thing should someone head down the startup path
I think these are fair points. My only question to Moskovitz why did he start Facebook/Asana when similar products did existed? He could have helped Myspace instead.
"Dumb mistakes that cost me close to $5 million dollars when it came time to buying out ex-partners."
If it's just affiliate revenue there is no way, the company had $5 million dollars in cash. He couldn't have sold shares since he said he has "total 100% ownership" of the company. He also mentions he never got a loan or an investment. Maybe it's just a missed business opportunity.
Lots of assumptions, but just trying to show there is enough space for founder to earn 7 digits. But even if it's not, I am sure he's more than happy doing what he wants to do.