To sell or not …

November 5th, 2006 by taggy
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My brother has come down from mumbai and last night we had a long chat with him about where my career can be safe.And he had a few nice points .To tell about him here it is His name is dhilly babu ,an iitb graduate and now manages his own firm called the BeansIntellect which does some risk modelling and Pricing methods for banks and financial institutions.He was the first from our family to go in for a non-govt job and my mother keeps worrying about he is goin to earn his pension:D,she stil regrets him leaving a railways job ;) .
He was speaking about how he plans to sell off his company after some years and then start with another idea. I didnt quite understand this.People who start off their own firm usuallyhave a lot of passion in t hat field and having grown a organsitation so long and thenjust selling it off for money .How does it happen.Is money the sole motive of all the work you have beein doin for years.
I see this everywhere Youtube sold out to google for 1.6Million$ ,Blogspot sold to google,Jotspot sold out to google. Why is it such a tempting thing to sell it off ?.If someone like google thinks its a great product why cant you just generate revenue out of this ? .Is it not feasible or u think google or some big company can do better things with your product ? .
Is it a act so that you could chase another idea thatspopping in to your mind.I do know these are some very creative people.But even if they want to chase another idea cant they just line up all these products under one name ?
This is the most seen trend ?.Why did sameer bhatia sell Hotmail to MS ,He could have made lotsa money with it too
may be someone can tell me the reason behind these i would love to know them !
taggy :)

Posted in Personal |

One Response

  1. uday Says:

    I like your entrepreneurial spirit taggy..you made some very good points in this one!

    Great products are definitely born out of two things - passion definitely, like you suggested..and a need, rather a current market need for such technology or idea.

    Most new entrepreneurs focus on bringing out one or two great products when they start out.. and they realize 2-3 years down the lane, when they take it and go that far, that these can best be monetized, or if you will, encashed, as a part of a bigger product suite or a larger strategy that is so typical of middle-aged/aging corporates.

    Also, after having worked for the last two years in a startup idea that got bought over, I can see how the founders could potentially choose to sell a company/product to a company with a bigger if not better sales team, account management and customer support structure, when they realize what is best for the long term growth of the product.

    Also, there is the aspect of - “The best speed boat captain in the world may not be the wisest choice to run a cruise”, like I mentioned here.

    ..Not to forget the zany/crazy lot of politics that creep in insidiously as money starts to trickle into a startup culture.

    ..or..just the plain old fatigue at the thought of working with the same people on the same idea for the next X amount of years :) !

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