Is there a startup that doesn’t accumulated expectation debt overtime carried jointly by the founder and investors? For the investor 9 out of 10 times it must be eventually forgiven or paid off by the 1 in 10 that exceeds expectations? For the founder I don’t think the debt is ever fully repaid no matter the level of success, but continued ambition and opportunity will continue to pay the interest.
It felt exactly the same at Microsoft 20 years ago when the stock was splitting every 6 months and the stock market couldn’t see anything but continued growth at the same pace (which is never a wise expectation)
In 9 months, 18 people have turned around the 6 employees business development team (chaired by the founder) because the BP expectations were achieved only by 75%. That's not bad in terms of expectations interest rate, isn't it?
Is there a startup that doesn’t accumulated expectation debt overtime carried jointly by the founder and investors? For the investor 9 out of 10 times it must be eventually forgiven or paid off by the 1 in 10 that exceeds expectations? For the founder I don’t think the debt is ever fully repaid no matter the level of success, but continued ambition and opportunity will continue to pay the interest.
At SpringTime we always say, "no is the second best answer." Thanks for linking to Friday Forward.
It looks like another great publication in Substack.
It felt exactly the same at Microsoft 20 years ago when the stock was splitting every 6 months and the stock market couldn’t see anything but continued growth at the same pace (which is never a wise expectation)
thoughts on Threads. as a 🧵 https://www.threads.net/t/CuYPTK4trfs/?igshid=MzRlODBiNWFlZA==
In 9 months, 18 people have turned around the 6 employees business development team (chaired by the founder) because the BP expectations were achieved only by 75%. That's not bad in terms of expectations interest rate, isn't it?