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Why you shouldn't start a startup

laurentk.posterous.com

11–20 of 66 posts

Re: Why you shouldn't start a startup

#11
post #9

There are 63 slides, the 60th slide ends with: sell anything, learn to code the 61th slide contains a photo of the author the 62th slide contains the word: Questions?

Ruby on Rails is easy, if you're a business guy learn to code and save yourself some money & equity

Okay, now I know I don't want to use this guy's products...

Re: Why you shouldn't start a startup

#12

I think the 'peanuts' slide is an especially good point. Many people here seem to think that a startup is a fast-track to success, but it's not fast at all. It's a lot of work and sacrifice for years. Don't get me wrong... That time has some valuable lessons that will help you constantly for the rest of your life. But it's not easy. If you go into it with your eyes open, you shouldn't regret it.

toughest part is dealing with sig. other who'd really like to have a nice meal every once in awhile and wonders aloud when she learns of your friends/peers who make six figures in "real jobs"... "Maybe you should go to law school?" cringe

maybe that's another reason that the mean age for founders is quite low. I mean if you're older and have dependents it's not the best time to throw your salary out the window and go it alone.

Re: Why you shouldn't start a startup

#13
post #9

There are 63 slides, the 60th slide ends with: sell anything, learn to code the 61th slide contains a photo of the author the 62th slide contains the word: Questions?

Ruby on Rails is easy, if you're a business guy learn to code and save yourself some money & equity Okay, now I know I don't want to use this guy's products...

Comon', you know what i mean :) I'm not saying i have an "engineer-level", but i'm good enough to throw an MVP together. Try out http://fastfwdme.com, it works fine for a small project I developed. Of course there are years of training to be a good hacker, but my point is that you can achieve a sufficient level to test ideas out yourself.

Re: Why you shouldn't start a startup

#14

Earlier quoted context omitted.

Ruby on Rails is easy, if you're a business guy learn to code and save yourself some money & equity Okay, now I know I don't want to use this guy's products...

Comon', you know what i mean :) I'm not saying i have an "engineer-level", but i'm good enough to throw an MVP together. Try out http://fastfwdme.com , it works fine for a small project I developed. Of course there are years of training to be a good hacker, but my point is that you can achieve a sufficient level to test ideas out yourself.

Nice attitude... but just the sentence "throw an MVP together" makes me cringe :) do yourself a favour and find yourself a good dev before you realize your code doesn't actually scale...

Re: Why you shouldn't start a startup

#15

I think the 'peanuts' slide is an especially good point. Many people here seem to think that a startup is a fast-track to success, but it's not fast at all. It's a lot of work and sacrifice for years. Don't get me wrong... That time has some valuable lessons that will help you constantly for the rest of your life. But it's not easy. If you go into it with your eyes open, you shouldn't regret it.

It depends on what kind of startup you are doing, there are many startups out there that don't need to find 1M people to start making money, some of them just sell stuff and if you are a 1 man shop you might be easily start making good money after 1 year

Re: Why you shouldn't start a startup

#16
Kind of a linkbait title since less than half of the presentation is caveats and the remainder is advice for starting a startup. Nevertheless I thought it was well done--definitely lays out the risks very nicely.

One thing I'd like to hear more about are people who took "secure" jobs for a period of time out of college and then jumped ship for a startup once they had some money saved up. I feel like most people coming out of college are very risk averse, so they'd rather get a guaranteed salary over a startup with uncertain prospects.

Re: Why you shouldn't start a startup

#17

Earlier quoted context omitted.

toughest part is dealing with sig. other who'd really like to have a nice meal every once in awhile and wonders aloud when she learns of your friends/peers who make six figures in "real jobs"... "Maybe you should go to law school?" cringe

maybe that's another reason that the mean age for founders is quite low. I mean if you're older and have dependents it's not the best time to throw your salary out the window and go it alone.

The mean age for founders in the US is 39:

http://blog.checkadvantage.com/2011/02/09/baby-boomers-job-m...

Re: Why you shouldn't start a startup

#18
post #16

Kind of a linkbait title since less than half of the presentation is caveats and the remainder is advice for starting a startup. Nevertheless I thought it was well done--definitely lays out the risks very nicely. One thing I'd like to hear more about are people who took "secure" jobs for a period of time out of college and then jumped ship for a startup once they had some money saved up. I feel like most people comin…

Hi, that was my case actually. My first two statups (if you can call this so) were done while having a well paid job in New York. For my last startup, I quit my job and went welfare :)

Re: Why you shouldn't start a startup

#19
post #6

I think the 'peanuts' slide is an especially good point. Many people here seem to think that a startup is a fast-track to success, but it's not fast at all. It's a lot of work and sacrifice for years. Don't get me wrong... That time has some valuable lessons that will help you constantly for the rest of your life. But it's not easy. If you go into it with your eyes open, you shouldn't regret it.

Totally on board. I quit a well paid job in New York two years ago, and didn't earn a dime since. But I would make that decision again in a heartbeat :)

[deleted]

Re: Why you shouldn't start a startup

#20

Earlier quoted context omitted.

Comon', you know what i mean :) I'm not saying i have an "engineer-level", but i'm good enough to throw an MVP together. Try out http://fastfwdme.com , it works fine for a small project I developed. Of course there are years of training to be a good hacker, but my point is that you can achieve a sufficient level to test ideas out yourself.

Nice attitude... but just the sentence "throw an MVP together" makes me cringe :) do yourself a favour and find yourself a good dev before you realize your code doesn't actually scale...

Andrea, I agree. But depending on where you are, "finding a good dev" can take months, more if you're looking for a partner. And it's easier to attract talent with a working prototype than with ideas around a beer...
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