Rich vs. King in the Real World: Why I sold my company

One other saying is: Get rich to get wealthy. If you can get enough in the bank to not worry about money, and at a young age that's not a whole lot, you can focus on going for the homerun next time. A successful first time exit could be considered a "blank check" in this industry: a) You are secure. You don't need to worry about funds to pay yourself ramen money. b) You probably have enough to have people…

A good friend of mine (actually back then, my boss) decided to roll the dice in that situation instead of just cashing in 15mill. He lost that game, and he only told me a long time later that he was offered that choice. I think this is one reason why VCs want young entrepeneurs, because VCs need people who think that they get many more opportunities to cross that line in case the current startup tanks. Because VCs will ALWAYS…