Thats so interesting. Thanks for sharing!
Any more input on
Many and divers hobbies
Like what hobbies did they have? Like for Steve Jobs I only know he was pretty much invested into health and diet but thats probably partly due to his health issues and may have only come later in his life.
I think the public figures you mentioned may not be the best example now because they already built their companies and are just riding out their success now.
Like Mark Cuban had his biggest success when? Like 20 or even 30 years ago when he sold his streaming site to Yahoo in the new market before it crashed? He may have a lot of success now too but thats partly because he can just throw money at everything.
It does not mean they acted like they act now when they were building the companies.
Often on Youtube you can find old interviews/podcats with founders before they were successful, I find this much more useful and exciting. Oddly they often just have a couple of 100 views.
I did not even find a lot of successful people can actually explain their success well.
I would actually say it is often luck. Of course luck can be earnt. But once you are successful you will come up with explanations for your success later. It was never guaranteed however, so any explanations are usually bias.
From my observations which can be some kind of bias too, the success usually comes not from wanting to build up a huge company but from becoming the person that runs such a big company and acts like it, enjoys it, and frm offering better services, better products, riding trends, and marketing your products well and constantly. From your daily actions and habits. From finding something that works, that the market needs and repeating this process.
Like see Apple, they simply make products a huge part of the population want or even want every year. Thats not even rocket science. What product/service can you offer that thousands, ten thousands or even millions badly want in their lives, and how do you market it to them? This pretty much is the path to success, right?
Thanks thats a good example I can work with. You explained this very well. So your benefit (for giving up 1% of your 10%) then is just the raised evaluation?
Your 2% ownership stake will get diluted to 1.6%
How? Even if its a US only thing why have I never heard of this? If you own 2%, you own 2%. What if you owned 98%, are you saying the founder could just raise his magic wand and make it disappear?
How? Its 2% equity. You are the 3rd guy now saying this. You cannot water down someone with equity, otherwise why would there be such a thing as equity when some owner could just turn your 2% into 1%
He already said its vested for 4 years. So he also could not sell it privately. I am not sure what you and that other guy meant with deluded. If you own 2%, you own 2%. He clearly said he owns 2% equity so any future investors wanting his 2% would have to buy him out.
The only benefit of the huge company I see is the huge name, but with career options and everything else the startup is just so much better since you can create your own job. I would make it mostly dependant on how good our team is. How much I trust the founder to be successful. Then I think you can even have a pretty good edge against the risks that your Startup fails.
If you own 2% you own 2%. If they give out more shares you would get some of them so you are still at 2%.
had 10% and $3.5m invested
You invested $3.5m? What Startup would be worth $35m already? Sounds like you got scammed there
Or learn them, right? Like being proactive (which kinda equals high energy levels) and being focused. And not putting your energy into “useless” activities.