There is a misconception that “company sold for $10M, founder holds 80% equity means founders gets $8M’ - I wish that was true - I’d be in the Bahamas if that was the case.

I’m going to take a super simple example to explain how you (as an employee) can get wiped out despite…

Hamid Hasan Graphy @buildonscenes @VarunMayya Thanks for being a valued customer. Scenes has built a robust community platform for creators and this acquisition aligns with our vision of helping creators and educators build and scale their online knowledge business.

One advice I would give new founders! DONT externalise your company to Singapore unless absolutely necessary

A normal acquisition or M&A that usually takes 2-3 months would eventually end up taking 7-8 months only due to complicated compliances between the indian and Singapore…

(red pill, if you get it)

1st time founders = want to be kingmakers
2nd time founders = become kings themselves

1st time founders = want to be problem-solvers
2nd time founders = seize market opportunities

1st time founders = visionaries 👼
2nd time founders = realists 🦹🏻‍♂️

One thing I can’t help but notice in first-time founders - the funny tendency to over-experiment.

Even if something works perfectly, they’ll NOT double down on it.

Instead, they’ll test one unproven feature after the other – chasing what’s cool rather than what’s valuable.

This analogy helps.

- Apple -> OpenAI 
- iPhone -> ChatGPT 
- App Store -> Plugins

I have been saying this for a long time now and I will continue always. The best GTM advice in B2B SaaS is don't be afraid of buying air tickets. Zoom is convenient. Sure. but for whom?

The 'stop working for money' mindset will do you more harm than good.

If only people chose careers like entrepreneurs choose to enter markets. Their lives would be so much more prosperous.

But alas, they go down the suicidal path of ‘following thy passion’. 🦉

Controlling every part of life isn’t only useless - it’s damaging. It’s like living in a psychological prison.

It’s hard to let things happen organically. But as once a control freak, I can say it surprisingly pays more to let go of control.

(read: law of diminishing returns)

Ideal city = Delhi infrastructure + Mumbai people + Bangalore weather

lolwut

Nobody realises but the real promise of web3 is: kill the king & get ruled by the mob.

The jobs that AI is replacing are white collar & software-based. Who knew.

'80% of entrepreneurs make the same amount of money they would if they were employed.'

There seems to be a more serious problem in tech than just Balaji. The very fact that people don't realize that one of them, Balaji (a *prominent* VC) is completely delusional is very, very, severe.
Tech is in trouble. I mean, serious trouble.

Loyalty doesn't exist - only aligned incentives do. People don't stay any longer than they have to - it's a cold, hard truth.

Bad economic times usually free us from our lack of focus + laziness.

Missing insight:

Celebrity/artist markets only pay for the top 1%. Don't go into such 'winner-takes-all' markets.

There are feasible passions, say baking or fashion design - markets reward all participants.

Recommended reading: scalable vs non-scalable professions (by Taleb)