Here are two quotes of his very interesting analyse of a startup failure history: So what happened?
The month of December was the first time I noticed just how motivating the future of a company can be. Not having a future at Weblicon Technologies AG had a negative effect on my motivation. I never thought much of the paycheck. Until October/November 2003 I was motivated by trying to rework our operations into something more effective and productive. At that point I realized the company had problems that could only be solved by growth and/or firing people. So I started looking for a new work role at the company.
At least one lesson learned for me is just how much I (and others I presume) work for the future. I have been in underpaid, correctly paid, and grossly overpaid positions in the last 14 years. I have worked as QA, project manager, team lead, tech lead, architect, performance expert, trainer, mentor, front line developer; just about every position possible on a software development team. From time to time I have even worked with teams that did the sort of heads up professional collaborative development that I prefer. Teams that reached a large share of their potential. In every company I have worked at I have tried to cultivate such an environment. Cultivating is necessarily about the future. And that is what I find particularly motivating. Developing an organization that unlocks the potential of its individual contributors. When I knew that wasn't a possible outcome at Weblicon, I lost all enthusiasm.