Come on!
Yeah, he'd loose the "shine" but how many people have his experience and ability to deliver? (not to mention skillset).
What happened to failure is part of learning?
Yeah, he'd loose the "shine" but how many people have his experience and ability to deliver? (not to mention skillset).
What happened to failure is part of learning?
That's why the pressure is so great on him.
EDIT: you guys don't like this comment. Let me generalize.
- Facebook is a bad example because it reached a 50B valuation in private equity deals.
It's better if you mention a company that has already IPO'd, been sold outright (founder not involved anymore), or has lower-valuation equity deals, so that the founder is not under as much pressure.
I would not like to be in the position of figureheading such a company pre-IPO.
This is just my personal taste. Please don't think that I'm trying to be prescriptive. You can trade places with Mr. Zuckerberg if you like. I'm just giving you my thoughts of a better example.
I give up, you guys clearly don't like my impressions of the pressure on him. I guess we'll just have to agree to disagree.
That is not the kind of hedging I like in my life. I'd much prefer to be at a place where either I will make a graceful exit at 800 million and the company continues to deliver, or it never becomes worth than the 50 million, the last valuation it raised money at. (hypothetical example). If this hypothetical latter example fails, fine, nice learning experience.
If you fail after convincing someone to buy some of your company at a valuation of 50B, you're done. Facebook can never be worth less than it's been valued at, and there are plenty of similar properties that in retrospect were "bubbles". (myspace etc). This is why I wouldn't like to be in his shoes.