This article is meant for everyone, investors, advisors, founders, employees, and wannabes. For the last few months, we have been busy discussing valuations with founders, investors, advisors, employees, and wannabes. In a previous blog, I described how some founders start the conversation with: “There is a lot of money out there.” Sorry founders, the reality is that there is not a lot of money out there. In 2022 the diet started, and every company needs to get lean to win. 2023 can be worse. The FTX debacle is still fresh in the mind of investors and even Elizabeth Holmes have recently appeared on the news that doesn’t help your 10x revenue presumptions.
This article is meant for everyone, investors, advisors, founders, employees, and wannabes. For the last few months, we have been busy discussing valuations with founders, investors, advisors, employees, and wannabes. In a previous blog, I described how some founders start the conversation with: “There is a lot of money out there.” Sorry founders, the reality is that there is not a lot of money out there. In 2022 the diet started, and every company needs to get lean to win. 2023 can be worse. The FTX debacle is still fresh in the mind of investors and even Elizabeth Holmes have recently appeared on the news that doesn’t help your 10x revenue presumptions.
Back in April, when I first started writing this, the original name was the 100M oasis. After several hospital visits, complicated nights and a lot of waiting time, I found out that the world is infatuated with failed or problematic startups, that entrepreneurship tv series are a hot topic and that the American dream is still very much alive in the Pop Culture. Even in these tumultuous times of war, inflation, market crashes, unfulfilled crypto promises and global warming, the least risk averse and more naive people are dreaming of building the next 100bn empire.
The difference between wealthy and rich is not related to how much money you have but your lifestyle and legacy. Wealth is about assets and what you are going to leave behind. If you haven’t heard, you too are going to die.
