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November 13, 2007

Comments

Sean Murphy

I like Christopher Morley's definition of success.
"There is only one success--to be able to spend life in your own way."

But putting my green eyeshades on for a minute, success in a bootstrapping startup is positive cash flow, ideally enough your you and your business partner to live on and continue to develop your firm.

Instead of "exits" think about great product or services that are created that continue to serve customers. VC's talk of exits because it's how they pay off their investors (limited partners). It's not the same as value created.

"I think the purpose of life is to be useful, responsible, honorable, compassionate. It is, above all, to matter: to count, to stand for something, to have some difference that you have lived at all." Leo Rosten

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