Starting a company means giving up…

Just found this blog post by Mark Fletcher that nails what it means for a person to start a company.

As an employee climbing the corporate ladder at a company, it’s all about getting more. More responsibility, more control, a larger salary, a bigger title. However, the exact opposite is true when you start a company. A big part of starting and building a company is about giving up. A founder is in a weird position. When you first start a company, everything is yours. You own all the stock, you make all the decisions. This point of creation is the only time this will be the case, however. Forever after, the founder must give up more and more control to other people and more and more ownership to employees, investors, etc. The founder must do this for the company to be successful, but at the same time this is the opposite of what many people are used to doing.

I don’t look at it as giving up, I look at it as working together. Its better to have 20% of $100M than 70% of $1M.

To be successful, you got to build a team of people dedicated to achieving a common goal. By working together anything is possible. Look at Rod Drury, in developing Aftermail, he built a team of skilled people that came together and executed brilliantly. After the sale to Qwest, Rod rolled a lot of his team onto his next project – Xero and their kicking ass now.

Food for thought!

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