I had little monetary incentive to stay after the acquisition. Yet two years later, I was still at the company and so were 29 of the 32 employees who were with us at the acquisition.
…While, for the team, the monetary benefits of a win were very exciting, they were far from the only motivation for spending day and night building the company. We loved the creative process of imagining a product and the future of an industry and trying to make our fantasy a reality. We envisioned our product in tens of thousands of doctor’s offices benefiting millions of patients.
Had financial rewards been our only motivation, we would have given up before the company ever started. The founding team began working together in October 2002, and we were first financed in January of 2004. We had near death experiences during that time and more in the years after financing. If any of us were just pursuing the pot of gold, we would have quickly concluded that there are easier and certainly higher probability ways to make money.
Fantastic story from @epaley. This is how we feel about HomeField and I shared that in the comments (copied here):
“Fantastic post, Eric.
We (the founders of our startup) feel very similarly. It’s about creating value for real customers.
We’ve caught flack from some investors who think we aren’t "hot enough” considering we slowly started building in 2008 and have been bootstrapping all along.
We could’ve closed up shop each time we got job offers elsewhere, but having customers who use and love your product keeps us going, not to mention our grand vision for the service we’re providing.
It’s great to hear your experience. Thanks for sharing.“
It’s Not About The Pot of Gold - Anything’s Possible