Like Alan Patrick of Broadstuff, I’m a fan of Techmeme, the technology news aggregator that tells you at a glance what the hot tech/web industry stories are.
In a post about its slow-but-steady growth, Alan talks about get-rich-quick start ups which go for growth at almost any cost and compares them with those – like Techmeme – that take their time:
There is also a difference in motivation between a “build-to-run” entrepreneur and a “build-to-sell” one, I liken it to the difference between an artist who creates what is true to them, vs one who creates what will sell, now. Big studios love commercial art, but there is another whole market for “indie” art, which is often highly influential over time, and it doesn’t always require starving in a garret.
It’s not necessarily about the integrity of the business, or the users, or a “get rich slow” mentality. Techmem’s founder, Gabe Rivera, quoted on Bloomberg says:
I don’t want to deal with the obligations attached to raising money, and I still want to be able to take a nap after lunch.
Now that’s a man who has his priorities in order…