A $3M offer almost wiped out a generational company as it was getting started.
Early on, the founders of Whop (a fast growing marketplace where creators sell digital products) were young, excited, and ready to sell to a competitor.
That weekend,
@cory from Z Fellows called me and said they were hours away from signing and asked if I could talk to them. (Here’s the CEO, Steven, explaining it in a CNBC article.)
So we spent a couple of hours on the phone with
@cultured ,
@czoob3 , and
@jsharkey . I told them that the second you sell, you lose control, and you’ll spend the rest of your lives wondering what if.
They listened. Instead of selling, they let Cory and me invest at the same $3M valuation.
Today, Whop is on a path to be orders of magnitude more valuable than that early offer. The trajectory is obvious if they keep executing.
Here’s the lesson:
When you create real value, early offers are inevitable. Don’t let short term validation distract you from long term greatness.
You can’t just look at what your company is worth today. You have to imagine what it will become a few years down the road, and how you’ll feel if you give it away too early.
Control your own destiny.
Visionary founders learn this early. That’s why this team is building something truly generational.