on people being risk averse leeches to your business

[spreng]

I've come to a realization lately. Trying to start a business with a friend or someone else is a dumb a$$ idea. NOBODY will commit to your idea in the seed stage as much as you will. People wait to jump on board once you have taken the risk and had the vision to make things happen. And you should be rewarded for that.

People will doubt you up until the second you generate buzz or profit, and at that point.. f&*$ them! There are so many people who are pathetically lethargic... I mean aggressive in the manner in which they spread mediocrity and hinder your progress.

The point is, don't wait for someone to hop on board with your idea to get started. Just do it, go out and pitch investors & lay the groundwork. And when your "friends" try to get on the train, hire them as an employee with .01% Equity vested after 3 years.

 

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[Digamma]

Why would you want "partners" in the first place?

First off, I need people to follow my directions exactly or get fired.

I don't do "peer leadership".

If I wanted to tolerate someone else's stupid ideas I'd have gotten a job.

Plus, who wants to give up equity?

Some scenarios exist when you gotta give up equity.

But if I can avoid it, not even to my mom.

Need a kidney? Got you.
Equity? Nope.

 

[spreng]

Why would you want "partners" in the first place?

First off, I need people to follow my directions exactly or get fired.

I don't do "peer leadership".

If I wanted to tolerate someone else's stupid ideas I'd have gotten a job.

Plus, who wants to give up equity?

Some scenarios exist when you gotta give up equity.

But if I can avoid it, not even to my mom.

Need a kidney? Got you.
Equity? Nope.

In this instance, I had in mind a capital intensive start up involving lots of real estate, so capital raising is required. But yeah, in almost all cases I'd rather take on debt than give up equity.

And equity is expected in startup work since it's so risky and harder. If you paid in straight cash you would run into cash flow problems and require more investors. Catch 22

 

[Ismail941]

Your post remind me this:
Chapter 8 - Your Speed: Accelerate Wealth
Chapter 39: Burn The Business Plan, Ignite Execution
Page 270 to 273

 

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