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Colin Johnson
@cojo.eth
It’s hard to recognize - and risky to exit - a local maxima. It’s also crucial to be willing to.
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SydneyJason
@sydneyjason
In several startups I worked, we would take fundraising periods as a chance to explore a new round of finance OR a sale. You get to the top of that local maxima and evaluate options. *Sometimes* better to sell/be acquired than look for a global; markets and meta may change and you get diluted…
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↑antaur (🔵/acc)
@antaur.eth
37 signals is a textbook example of a perma-local maxima. Capping Patagonia at 500M is another one. Hyperstructures on the other hand tend to create ultimate global maxima, no? Hard to imagine 10 Ethereums, 10 Unis, 10 Zora's at similar size.
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matt
@matthewmorek
if your aim is to grow continuously then yes. if you’ve reached a place where your business is sustainable and you don’t feel the need to grow, you may not want to exit the local maxima regardless, it’s good to know and be willing to exit it, once things change
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Chinmay 🎩👷✈️ Farcon
@chinmay.eth
It depends. Sometimes, it's not worth going through the valley. Depends on the market risk, company morale, stakeholders exit strategies, and founder burnouts!!
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Lior At Far(Away)Con
@lior
Something I wrote a year ago - I actually need to edit and publish, it's a long post about
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joão
@jaywooow.eth
This framework is also so important in terms of career progression
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Tomu
@tomu.eth
it's even harder when you don't recognize it and then you depend on fundraising while "going down"
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timdaub (🥝,🎩)
@timdaub.eth
Justin Kan: Never sell when you have momentum
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