Know When To Walk Away, Know When To Run

August 9th, 2006 by Mike

Jason Calacanis has a thoughtful post up about knowing when to let go of a company you have created. This quote particularly struck me:

You have to always be confident that you are able to create another hit, you’re not a one-hit wonder, and that your future is always brighter than your past. You can’t live with this fear of losing this monster you created. And sometimes you gotta kill it…

I think this is sound advice not just for starting and selling companies, but for life. Whether a poem, a job, or a relationship, we often get so attached to the idea of what we created that we hold on for dear life long after it has lost its value.

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