“I’m happy for individuals who start working on something they love as a pet project, never intending it to make money, and end up selling it to one of the usual suspects for $30 million. That’s terrific. But if you’re deliberately planning to quit your day job and start a business from scratch, why go with a zero-revenue model that’s going to be sold for $50 million tops when you could pick a business model with the potential to generate some really, really serious cash? Once you’re bringing in $50m+ in revenue, then flip your company.”

This entry was posted on Monday, January 9th, 2006 at 6:59 am and is filed under Entrepreneurship. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.