those. And once you've done it, it tends to be set in stone. I'll try to give an outline of how it works. There is nothing more important than understanding your business. Start by writing software for smaller companies, because it's easier to sell to them.
But I stand by the structure of the calculation. And for the same reason: their performance can be measured. If you go to a VC with a new idea and ask him to invest in it, one of the first things he'll ask is, how hard would this be for someone else to develop? We did get a few of the more adventurous catalog companies. A mediocre programmer over the same period will generate zero or even negative wealth (e.g. So it is easier to sell an established startup, even at a large premium, than an early-stage one. The problem with working slowly is not just that technical innovation happens slowly.