Monday, October 13, 2008

A long life or a swift death

As a start-up founder, I have been keenly following the recent comments and reactions from various quarters including
this from Ron Conway, this from Sequoia, this from Calacanis, and this.

Sounds like crunch-time folks. I don't know about you, but if a long life or a swift death are my only options, I am real glad. Much better than having the additional option of a long lingering death. So if you are a startup like us, be happy that your options have been narrowed down for you.

Now, ask yourself this simple question:
No funding, low valuation, no quick exit - am I ready?

If you believe you are catering to a necessity, have a clear revenue model, and are willing to work passionately to make it happen, your answer should be a resounding YES. Don't worry about what the doom-merchants are saying. Believe that you are in the right place at the right time.

If your answer is NO - find out the shortest route towards a YES. If you can't, cut your losses and make it quick. Closing one door opens another. Who knows - your next avatar may have the right answer.

We may have interesting times thrust on us, but the choices are always ours.

I am choosing a long life. What about you?

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