Does the TV show Silicon Valley accurately depict the way startups are incubated???
This is a silly way of phrasing my question, but it gets straight to the point. I have started work on a website (not yet deployed). At some point, after it's finished of course, I believe that I'll get over 100 orders per day, exceeding my capacity. Part of the problem is, the business will involve both selling products and designing the site. I'd like to work on it a few years, then sell it for a few million. But to get it up to max capacity, I'll need help, and I'd prefer they were other software developers.
So, back to my question, in the TV show silicon valley, software developers have verbal agreements with one another to own a certain percentage of the company. The founder (like me) would keep over 50 percent while the other team members would divide up their shares. But we all work equally hard on maximizing the business prior to selling and cashing out.
Is this model real?
This is a silly way of phrasing my question, but it gets straight to the point. I have started work on a website (not yet deployed). At some point, after it's finished of course, I believe that I'll get over 100 orders per day, exceeding my capacity. Part of the problem is, the business will involve both selling products and designing the site. I'd like to work on it a few years, then sell it for a few million. But to get it up to max capacity, I'll need help, and I'd prefer they were other software developers.
So, back to my question, in the TV show silicon valley, software developers have verbal agreements with one another to own a certain percentage of the company. The founder (like me) would keep over 50 percent while the other team members would divide up their shares. But we all work equally hard on maximizing the business prior to selling and cashing out.
Is this model real?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today