That's not the original meaning of a "lifestyle business" anyways, which is more like a business that makes enough (to its owners, nothing to do with the employees) for them to maintain their desired lifestyle, like maybe a few million in revenue or whatever, but can't / won't be scaled beyond that because their lifestyle is already well supported by the current business growth / volume / revenue so they have no interest on blitzscaling, taking VC money, and running the perpetual growth treadmill or because the business is already topped-up and won't support further scaling (its not always a choice)
replyAh ok, in that case Superlogical doesn’t sound like a lifestyle business given the number of VCs involved
replyYes, indeed, although i think in this case it was just signalling how not being "SF focused" might be seen as a lack of ambition or whatever in such VC contexts or something and thus the exaggerated comparison to it being a lifestyle business merely due to the location requirements on ny/la (nicer cities to live in, maybe, than SF, or whatever)
replyi think just michael is based on LA, so he prefers having the offices near his home (has kids, etc), and has enough FU money to not need to let the VC's dictate where the HQ's are located at.
I guess also they dont love the idea of managing people remotely for a small startup/first hires, although im sure for the right person they wouldn't really care (or usually this is how it goes on most small companies/startups)
I guess if you have nothing else to live for except your job, you'd be really psyched to keep dumping more hours into it...
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