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	<title>HipMojo.com</title>
	<link>http://watchmojo.com/web/blog</link>
	<description>Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&#038;A, Financing, VCs</description>
	<pubDate>Tue, 24 Nov 2009 01:14:49 +0000</pubDate>
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		<title>Step Away From the Machine, Give Me the Keys.</title>
		<link>http://watchmojo.com/web/blog/index.php/2007/11/22/step-away-from-the-machine-give-me-the-keys/</link>
		<comments>http://watchmojo.com/web/blog/index.php/2007/11/22/step-away-from-the-machine-give-me-the-keys/#comments</comments>
		<pubDate>Thu, 22 Nov 2007 23:08:48 +0000</pubDate>
		<dc:creator>Ashkan Karbasfrooshan</dc:creator>
		
		<category><![CDATA[Video]]></category>

		<category><![CDATA[Startups]]></category>

		<category><![CDATA[Management]]></category>

		<category><![CDATA[Business Lifestyle]]></category>
<category>Business Lifestyle</category><category>Management</category><category>Startups</category><category>Video</category>
		<guid isPermaLink="false">http://watchmojo.com/web/blog/?p=2290</guid>
		<description><![CDATA[Be careful what you ask for.  A lot of people get into things for money, others for power, a few for respect.
Say you were an entrepreneur and someone came to you and:
- offered you $10M in funding but asked that you had to stay on for 3 years as a condition.  Three years [...]]]></description>
			<content:encoded><![CDATA[<p>Be careful what you ask for.  A lot of people get into things for money, others for power, a few for respect.</p>
<p>Say you were an entrepreneur and someone came to you and:</p>
<p>- offered you $10M in funding but asked that you had to stay on for 3 years as a condition.  Three years isn&#8217;t long, but it is an eternity online.  YouTube went from URL registration to $1.65B  in about 18 months&#8230;</p>
<p>- alternatively, what if someone else came to you and offered you $10M in funding but insisted you had to step aside and make room for their new hand-picked CEO.</p>
<p>Would you accept either offer?  I think I would.  Truth is, I think which offer you prefer has a lot to do with your state of mind.  For the record, neither one of these things have happened.  I swear we&#8217;re talking about the hypothetical.  But as more and more advisers approach us and talk to us about the virtues of growing a company, I&#8217;ve had different people ask me how I would feel about either scenario.</p>
<p>Interestingly, if you wake up wanting to get the hell out of your company and do something else, I think because life is funny, then you are bound to stumble upon an investor who will tie you down forever as a condition of investing.</p>
<p>Alternatively, if remaining the captain was all you ever wanted and all that was important to you, I am pretty sure that someone would come along and insist that you make room for a new leader&#8230;</p>
<p>Trust me, life is odd that way.</p>
<p>I really don&#8217;t know what I would do in either situation if it happened, though.</p>
<p>I think, in all honesty, that if an investor came in and told me that they wanted me to step aside and make room for a new CEO, I&#8217;d check their heads because very few people know what the f*** is going to happen in web video, let alone web video content or web video advertising.</p>
<p>But by the same token, I also realize life is short, so if someone was capable of running a startup in such a field, it&#8217;s not like I would turn the opportunity away.</p>
<p>In life, you usually want what you can&#8217;t have and when you have something, you want something else.  Trust me, it&#8217;s just the way life works&#8230;</p>
<p>Ultimately, just be grateful for having options&#8230; that&#8217;s more than what most people have.</p>
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