Reflecting on My Failure to Build a Billion-Dollar Company

I left my job as the second employee at Pinterest–before I vested any of my stock–to turn Gumroad into a billion-dollar company. And…

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Hasnain says:

In this post, the author talks about their failures in launching a "successful" company as it never met the crazy growth goals forced upon them due to taking large sums of VC funding.

They went through lots of trials and tribulations - and yet, $178M of transactions later, the company is still alive and well, making a great product that helps creators everywhere.


"I consider myself “successful” now. Not exactly in the way I intended, though I think it counts. Where did my binary focus on building a billion-dollar company come from in the first place?

I think I inherited it from a society that worships wealth. I don’t think it’s a coincidence that Bill Gates was my all-time hero and was also the world’s richest person.

Since I can remember, I equated “successful” solely with net worth. If I heard someone say “that person’s really successful,” I didn’t assume they were improving the well-being of the people around them, but that they had found a way to make a lot of money.

Wealth can be a measure of success, as seems to be in the case of someone like Bill Gates, who has invested heavily in philanthropy. But it’s not the only way to measure success, nor is it the best one."

Posted on 2019-02-08T06:38:06+0000