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I Don't Want to Be a Founder

carolchen.me

211–220 of 245 posts

Re: I Don't Want to Be a Founder

#211
post #135
post #96

Earlier quoted context omitted.

Does it not strike you as somewhat narcissistic to assume that, because an article isn't valuable to someone in your exact position, it isn't valuable at all? You comment reminds me of something I read recently in a novel by Ian McEwan, in which a character talks about the sort of novels she would like to read: > "I suppose I would not have been satisfied until I had in my hands a novel about a girl in a Camden bedsi…

Not that other novels are/can be interesting as well, but I would find it fascinating to read a novel about myself.

Maybe you should write a book. It would be about yourself, no matter what.

Re: I Don't Want to Be a Founder

#212

Earlier quoted context omitted.

i think if those are your motivations, then you definitely don't want to start a startup. You want to start a small business where you're the boss and maybe you have one or two assistants. Or maybe you just want to start a side project. As a founder, i think you very quickly lose your sense of freedom and control.

As a 20 year freelancer myself, a side project is a good way to go. But if that takes off and starts requiring more structure, more resources, and eventually overtakes the day job, it essentially becomes a startup.

Sorry, i meant "startup" in terms of "company predicated on exponential growth". If you have a small business where you're the boss, you just grow it slowly how you you want. But as a startup founder, your surrounding circumstances essentially are dictating what you have to do in order to get that exponential growth. Your customers are your boss, your board is your boss, the market is your boss.

Re: I Don't Want to Be a Founder

#214

I like the article but I honestly have never even stopped to think "should I create a startup?"... is that a common thing? Maybe it's because I'm still young or because I've never actually been in huge financial distress (which I realise is a privilege) but I don't have the desire to make a lot of money or sell my dream idea/company. All I want is to make enough to cover my living costs and in my spare time work on s…

It's probably because you're still young. More specifically (and here I'm guessing something about you), romantically unattached. Dating is a tough road to hoe if you can't or won't fund about half of a wedding and at least one of kids-and-a-house or traveling-the-world. Well, not dating exactly - you can get laid and even start relationships but in my experience the relationships will have a half-life and eventually…

What you said is very subjective and is likely the product of the way you present yourself to the world.

Normal people want those things because they’re the things that society deems normal, but there are plenty of weirdos out there if you look.

Re: I Don't Want to Be a Founder

#215
post #149

Earlier quoted context omitted.

For the record - I think the issues identified here are isolated to founders of venture backed businesses that are shooting for the moon.

So, could one avoid them by self-funding and growing very slowly?

I bootstrapped a startup to $27m in revenue.

I woke up with knots in my stomach for months thinking about the things I would have to do to get customers and the non-stop rejection the day would hold as I worked to get a foothold for my startup.

There was no VC to call me to account, or VC firm to help with areas you I didn't like or couldn't do.

If I hadn't been able to hold myself accountable to do the things that I dreaded my startup never would have gotten off the ground.

Re: I Don't Want to Be a Founder

#216

I remember as I was starting my company, I reached out to a founder of a company you've likely heard of for advice. We grabbed drinks, and he practically begged me to not start a company, for my own sake. I thought he was a dick. But he wasn't wrong. Write down a list of why you want to start a company. I bet the list involves things like "building something nobody else has," "getting to program and design and do a b…

> But don't do it because you want to do it. Do it because you literally can't imagine not doing it. What about because you can't bear the thought of having to work 8 hours a day for the rest of your life? I realize this is probably among the "bad" reasons to start a business (and it probably sounds disrespectful to people who have and will keep on doing that until retirement), but that is how I feel currently. It ma…

> What about because you can't bear the thought of having to work 8 hours a day for the rest of your life?

Probably the lowest risk strategy to solve this problem is get a FAANG job and invest at least half your salary in mutual funds for 10 years.

Re: I Don't Want to Be a Founder

#217

I like the article but I honestly have never even stopped to think "should I create a startup?"... is that a common thing? Maybe it's because I'm still young or because I've never actually been in huge financial distress (which I realise is a privilege) but I don't have the desire to make a lot of money or sell my dream idea/company. All I want is to make enough to cover my living costs and in my spare time work on s…

Sounds like you are close to the philosophy of people like Mr. Money Mustache:

https://www.mrmoneymustache.com/

Re: I Don't Want to Be a Founder

#218

Earlier quoted context omitted.

IMO, damned if you do damned if you don’t. Before covid it took me 12 months to find a job. I applied to 100 companies. Ironically, got a job during covid and the job is pretty relaxing compared to the job hunt. During the hunt I thought: society is kinda forcing my hand here. Also: a lot of knowledge workers have to work a lot of hours and keep on learning (e.g. doctors or programmers). To me, it feels much more lik…

> To me, it feels much more like a pick your poison type of thing. The way out is consistently living way under your means (if possible). If you don't live in poverty, this is likely possible in the general case; just pretend you make XX% less aftertax and voila, you have an %XX savings rate. There are non-monetary costs to doing this, but there are also benefits, and the freedom is really hard to beat. ...though I'v…

> ...though I've heard that that doesn't apply to having a family.

It 100% applies to having a family. (Source: have family.)

Re: I Don't Want to Be a Founder

#219
post #201

Earlier quoted context omitted.

> you see or believe something that others simply can't or don't, and you want to do something about it. It must be more than vision. I see things all the time that more others can't but I really dont have the time or inclination to start a company.

audacity?

naïveté ;)

Re: I Don't Want to Be a Founder

#220

I like the article but I honestly have never even stopped to think "should I create a startup?"... is that a common thing? Maybe it's because I'm still young or because I've never actually been in huge financial distress (which I realise is a privilege) but I don't have the desire to make a lot of money or sell my dream idea/company. All I want is to make enough to cover my living costs and in my spare time work on s…

What I found is:

> All I want is to make enough to cover my living costs and in my spare time work on side projects, code or tinker around. You know, do things that are actually fun to do and allow me to learn new stuff.

The side projects I'd like to do cost money, unfortunately. Not a fortune, necessarily, but enough that I need to be earning decently to afford to develop those side projects. And it is a fortune to build what I'd really like to. When I was much younger, pure software projects seemed enough. But ideas have a tendancy to grow :-)

Then there's time. As I got older, I realised the time I was putting into side projects was either not enough to build what I hoped to build, so slow that it become socially irrelevant by the time I did anything (others, paid, always had more time to put in), or it was seriously exhausting doing it at the same time as a job.

Over the years this built up into increasing dissatisfaction. When I was younger I had dreams and thought I'd gradually get around to some of them. As years passed by, I realised it's not going to happen for the bigger ones, and I'm sad, already mourning the loss of potential.

On top of all that, life adds major random events, which take major random time and money and all your personal energy for a few years. I don't think that's limited to younger or older people especially, but the longer you live, the more likely it is that major things happen at some time in your life, either to you or people you care about, which take over for a while.

I couldn't care less about profit or money personally, for its own sake. But I have dreams about things I want to make that are much more than just toy projects, and I want basic personal security. It turns out these aren't readily available after all, as I assumed when younger.

> If I have an idea i'm very passionate about I'd like to just share it with others because they might find it interesting

That's a reason to be careful who you work for.

You often can't freely share your most passionate ideas if your employer has a claim over them. And if you're working in a different field, to ensure that kind of claim doesn't hold water, limiting the time spend on a passionate idea to outside-of-work time is quite restrictive too.

All this is not necessarily an argument for founding a VC-backed startup, of course. But it's why just working for some company or other for a whole working life doesn't necessarily work if you have big ideas you're passionate about using.

ps. I wrote this as a contrast to the comments about how relationships, family, marriage, mortgage etc. will matter at some point. I think that comes over as a bit "you don't know now but one day you will have feelings for someone and they will expect you to spend money on them" I wanted to show something different, that happens even if you find a partner who is frugal like yourself, and doesn't cost anything :-)

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