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A "unicorn" is just a lagging indicator representing shareholder value. Boring. How a "forever company" is different and why it's a more important focus.
Kudos to Mr. Chen.
At long last.... somebody with a personal brand and large following weighing in on the side of long term tech empire leadership vs 'serial entrepreneurism' as technocratic fashion statement.
Now if we could only crib-strangle a few more trappings of 'California exceptionalism' as startup religion maybe all the big engineering and banking brains can figure out how to get some water into California before we are all forced to drink Bill Gates recycled and filtered "poopsi-cola" by law.
Agree! I really love this article at a time when Silicon Valley seems to be losing its soul. Money is the ultimate vanity metric and pursuit of it can easily lead to a very empty life.
On the other hand a hyper focus on value creation and value delivery is very fulfilling. It's also a lot less frustrating than chasing unicorn status or growth for the sake of growth. It's hard to stay motivated when it's ultimately for an empty outcome. Pursuit of value creation is fulfilling every step of the way. Finding the right prospects for your solution and helping them get the right experience with your product - and ultimately solving their needs - feels great and keeps you on the path to building something amazing. And a solid foundation of value is very sustainable.
Thanks for writing this @andrewchen !
Just to add my 2 cents to this...
I think this post maps very closely to what I think is a huge contributor to why most startups fail, i.e, when money is the primary motivator.
Money is simply not sustainable motivation.
Passion and a purpose greater than yourself certainly are (and from my limited 3rd person view, both appear to be necessary conditions).
Pretty interesting read, even if the term unicorn was new to me. This got me thinking harder about company vision than probably any other post I've read so far. Thanks, @andrewchen !
Great post man thanks for sharing!
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