THE ED MYLETT SHOW

Why Chasing an Exit Could Be Killing Your Business w/ Dave Whorton 

10 snips
Apr 29, 2025
In this conversation, Dave Whorton, a tech investor and founder of Drugstore.com, advocates for purpose-driven businesses that prioritize lasting impact over quick exits. He challenges the culture of entrepreneurial sprints to cash out, presenting the concept of 'evergreen' companies. Dave outlines the 7 P's essential for sustainability: Purpose, Perseverance, and more, emphasizing that real strength stems from a solid foundation rather than external funding. He inspires listeners to embrace change and focus on building a legacy.
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INSIGHT

Rethinking Entrepreneurial Success

  • The current entrepreneurial model narrowly focuses on raising money and exiting quickly.
  • Evergreen businesses, built without chasing exits, often have stronger foundations and longer lasting success.
ANECDOTE

Spikeball's Scrappy Comeback

  • Chris revived Spikeball by producing and selling it after buying the IP while keeping his day job.
  • His scrappy, privately owned business grew steadily without outside capital, retaining full control and enjoying success.
ADVICE

Seven P's for Evergreen Businesses

  • Build your business around seven P's: Purpose, Perseverance, People First, Profits, Private ownership, Pace Growth, and Pragmatic Innovation.
  • Treat these P's as a system to create a sustainable, lasting company.
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