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Although I've been live for two weeks and the money has been pretty good! We'll see if it's sustainable.
With the salaries as they are in california, people in high-demand salaried positions don't need a startup to get rich. all you need to do is forgo rampant consumerism and keeping up with the joneses and you'll be a millionaire in about 20 years with a decent investment strategy.
In the meantime there is no shortage of time for side projects, and you get the added bonus of not having to stress about something you truly enjoy doing because you aren't doing it as your main source of income.
I'm not anti-startup, but working for yourself isn't a universal good.
On the other hand, I have a couple of ideas that will be coming out in the next five years, and if I could get the right team and funding together, I would drop everything in a heart beat.
I don't want to turn this into a political discussion (it's one of the reasons I don't go to reddit anymore), but it does make you wonder how many more businesses could get off the ground if we had government-provided healthcare, and people didn't feel stuck at their day-jobs for the health insurance. :/
other reasons for not working on the start-up full time is that I'm not it will make money, I question my experience, and I am having trouble finding people to partner that have the skills needed including the passion and mindset to work hard and question things, including myself
other reasons for not working on the start-up full time is that I'm not it will make money, I question my experience, and I am having trouble finding people to partner that have the skills needed including the passion and mindset to work hard and question things, including myself
sometimes i wish that people in the US would fund startups here in the philippines. 1USD == 40Pesos. the funding would go a long way here. and in case the startup succeeds, labor is dirt cheap here - people speak english and they have skills.
The main reason is I am going to school, and I don't see any point dropping out just to do a startup. I have many years to do that. But i am doing it on the side as we speak. I have had a few ideas over the year, although I haven't found enough reasons to devote much time to them, which is pretty much (5). After a recent launch buy a certain fruit theme company I have found an excellent if not a killer idea to really…
for me, it would be number 2. I cant afford to lose the salary. Here in the Philippines, there are no YCombinators or Launchboxes (or i don't know one :P)... if there was funding, i would drop everything in a heartbeat and concentrate to work on my big "idea"... for now, this big-"idea" stays on the extra hours at home and on weekends... sometimes i wish that people in the US would fund startups here in the philippin…
Put me into the "trapped in day job for pay and benefits" category. I've got two small kids now, and I've got to think of them first. I guess that means I'm in categories #1 and #2. Perhaps a little bit of #5, "waiting for that killer idea." If my idea was killer enough, maybe I would be less afraid of looking for investors. I don't want to turn this into a political discussion (it's one of the reasons I don't go to…
Let's go Obam.... ok wait, let's not get political :)