To be fair, it's rarely all for nothing for what I hear. Secondary stock sales [1] are very common and allow founders to take some big chips off the table. To me, it is more a matter of keeping things simple, manageable, safe and more fun for how I like to work :)

https://www.startuphacks.vc/blog/founders-guide-to-secondary...

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jacquesm an hour ago | parent [-]

Sure, but your personal preferences have an outsized effect on your chances for success because they are very much aligned.

I know plenty of founders that gave it all and then some (including their health, their family relationships and in some cases their lives) and that ended up worse than the shape they were in when they started. So yes, you hear a lot of stories about secondary stock sales and so on but those are the exceptions and very much not the norm. That's just survivorship bias.

	▲	bpt3 10 minutes ago \| parent [-]
		Fellow small business owner here. Just as a reminder, discussing any successful (where successful is defined as not failed) business is a lesson in survivorship bias. Most businesses of all sizes, shapes, and forms fail within 10 years.