161–170 of 345 posts
https://robwalling.com/2015/03/26/the-stair-step-method-of-b...
He has also talked about it on his "Startups for the Rest of Us" podcast:
https://www.startupsfortherestofus.com/episodes/episode-222-...
Might be worth trying Rob's approach before leaving your job and betting the farm on a startup idea...
Earlier quoted context omitted.
Are we even allowed to do side projects? What if our employer claims ownership or even conflicts of interest with what we are building? How will i even present it into hn or producthunt with my name and all my credentials while i am still working somewhere else? Any employer would fire us on the spot if they found out, wouldn’t they?
unless you have registered your invention with the employer during the hiring process, it belongs to them
The optimistic part is that you could theoretically work up to doing this when your kids are a bit older. Not necessarily full adults, but maybe.
For me personally I'd reduce the choice to "Would I rather have a good relationship with my family and self or sit in front of a computer even more, to possibly compromise everyone's well-being or come out with more money?" and that choice would be obvious.
Earlier quoted context omitted.
> You signed up for a bunch of responsibilities. You are always going to be your kids parent. You are only going to have this one opportunity to get this marriage and this family right. I think this is a bit of a depressing take. Even committed parents and spouses take alone time for themselves and have hobbies. Just treat your side project as your hobby and you can still have a healthy family. Also, think about how…
> Even committed parents and spouses take alone time for themselves and have hobbies. The parents I know with kids younger than 7 have no time for themselves or their hobbies. They're lucky if they can scrape together a few hours a week for basic self-care. In the mornings the kids demand full attention and after the kids go to bed there's maybe time for a single TV show which one person falls asleep during. > how ca…
And even if you can, you very likely won’t get five hours of productive time in every morning. But you can get one or two on most days, and that might be enough to build something that’s making enough to take a leap and go full-time. If you’re lucky. It’s hard, but not impossible.
My very concrete feelings on this is that you probably don't. Asking folks how to do this is a bit like asking billionaires how to get rich. It's a fun story but it's overfitting. The individual narrative that made a billionaire is unlikely to be available for you. If you ask some millionaires they may be more likely to give you some useful advice around sound investment strategies, living within your means, and iden…
Agreed 100%. When people ask me what the best time is to work on a startup, it's always when you have no dependents, living with parents, and perhaps no significant other. It's quite amazing just how much you can skim down your expenses at that point in life. Minimizing expenses, maximizing runway. The rest is luck. Just blind luck.
My very concrete feelings on this is that you probably don't. Asking folks how to do this is a bit like asking billionaires how to get rich. It's a fun story but it's overfitting. The individual narrative that made a billionaire is unlikely to be available for you. If you ask some millionaires they may be more likely to give you some useful advice around sound investment strategies, living within your means, and iden…
Only problem is when you are 50s you are likely to have the time and money but not the energy. Surely it is not the case with everyone but enough to have this cliche pass around for quite some time.
who do you think initiated these "startup" patterns post-2000 ? It was boomer+ investors using vast investment pool money, in the last 20 years.. now they are dying off and it is on auto-play via "don't get creative" money builders.
i am the owner of a bootstrapped and now 30+ person company, with three kids at home. it took something like 7 years of 10-12 hour days to get our business off the ground, with many many many 7 day work weeks. now post-startup, i barely have time to keep things going at the level required to maintain excellence, while not neglecting my young family. lots of push/pull around work, and lots of arguments and frustration…
(After working on a funded startup full-time as a cofounder.)