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Originally Posted by tw
Somewhere I remember something about only one in thirteen companies succeed. That means success is now getting close.
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Actually, third time was the charm. I moved my family of 4 from Pittsburgh to Silicon Valley in Aug 1997 to join a company of 6 people. Company started from nothing and $1.8MM investment. One year later we launched our product and sold the company for stock-swap of $90MM. I was the Dir of Software Engiinnering. The stock of that company went from $12.50 in 18 months to $241.00. Then in about a year to $1.65.
The startups I joined in Pittsburgh had little chance. But, out here in the Silicon Valley, you increase your odds by finding people with good track records and join their company. For the successful company I mentioned above, the founders were VPs at a previous startup that is now a successful large public 20 yo company.
My 7th startup is still privately held but profitable for 3 years. My current startup just launched it's first product 3 weeks ago.