from Hacker News

Steve Blank: What Founders Need to Know. You Were Funded for a Liquidity Event

by 23david on 4/26/16, 6:25 AM with 1 comments

  • by chrisbennet on 4/26/16, 8:14 AM

    "Above all, don’t panic or demoralize your employees The first rule of Fight Club is: you do not talk about Fight Club. The second rule of Fight Club is: you DO NOT talk about Fight Club! The same is true about liquidity. It’s detrimental to tell your employees who have bought into the vision, mission and excitement of a startup to know that it’s for sale the day you start it. The party line is “We’re building a company for long-term success.”