Tuesday, September 20, 2011

Chasing the Rainbow: Startups and Incentives

I was thinking recently: would you rather own stock you bought in early Apple, or in early Netscape? Of course Apple is much more valuable. But Netscape was the get-rich-quick situation. It was the exciting play.

We have forgotten how long it takes to build long-term value. Our thinking has been skewed by stories from the late 1990s like Netscape. Even Google took longer to grow than you might think.

Be patient. And read this article: Chasing the Rainbow: Startups and Incentives: Depending on one's role, the allure of working for a startup is the product you are building, the people you're impacting, or selfishly, ...