Bankers and lawyers jump ship for tech startups

cagenut wrote: post #3

Made me think of this video: http://www.collegehumor.com/video/6535519/hardly-working-sta... Add "the type-A squares start to get in on it" as bubble-checklist item number umpteen-dozen.

>Add "the type-A squares start to get in on it" as bubble-checklist item number umpteen-dozen.

First thing that came to my mind too. When drone lambda gets on it, it's time to get out of it :) Financially speaking. As working places, tech companies are still the best places for engineers, of course.

The part that best put it for me was: "she realized sometime in the middle of April that she needed to do an Internet start-up for something."

I simultaneously recoiled and felt attracted, as I very well feel the same way, and now I wonder if the fact that I'm engineer legitimizes my urge at all, compared to hers.

Re: Bankers and lawyers jump ship for tech startups

#5

Post by collateral » Wed, Jul 20, 2011, 1:11 PM UTC

Ugh.

Re: Bankers and lawyers jump ship for tech startups

#6

Post by bproper » Wed, Jul 20, 2011, 1:11 PM UTC

cagenut wrote: post #3

Made me think of this video: http://www.collegehumor.com/video/6535519/hardly-working-sta... Add "the type-A squares start to get in on it" as bubble-checklist item number umpteen-dozen.

On the other hand, a lot of talented engineers are making the jump from Wall Street quants to early startup employees, and that's a good thing.

Re: Bankers and lawyers jump ship for tech startups

#7

Post by cheez » Wed, Jul 20, 2011, 1:11 PM UTC

Glad to see there are some real businesses in this article as opposed to "the next social network".

Businesses don't need to have big ideas that have never been tried before. They need to be good businesses that make money for their owners and provide value for their customers.

If you are after the cool factor: get a good income going from a business first. That frees you up like nothing you've ever experienced.

Re: Bankers and lawyers jump ship for tech startups

#8

Post by ig1 » Wed, Jul 20, 2011, 1:13 PM UTC

cagenut wrote: post #3

Made me think of this video: http://www.collegehumor.com/video/6535519/hardly-working-sta... Add "the type-A squares start to get in on it" as bubble-checklist item number umpteen-dozen.

Like that Jeff Bezos (formerly an analyst at DE Shaw prior to Amazon) or Jimbo Wales (formerly a futures trader prior to Wikipedia).

Re: Bankers and lawyers jump ship for tech startups

#9

Post by itg » Wed, Jul 20, 2011, 1:18 PM UTC

"On a recent muggy evening, about 70 mostly 20-something, mostly male guests gathered in clusters on a rooftop in Chelsea for the summer’s first “Find a Cofounder” party, squinting at one another’s name tags as the sun set. Red name tags were for programmers; blue meant you were more of a business guy. The blue name tags ran out by the time Betabeat got a drink."

Sounds like a gathering of Winklevii types.

Re: Bankers and lawyers jump ship for tech startups

#10

Post by diolpah » Wed, Jul 20, 2011, 1:21 PM UTC

cheez wrote: post #7

Glad to see there are some real businesses in this article as opposed to "the next social network". Businesses don't need to have big ideas that have never been tried before. They need to be good businesses that make money for their owners and provide value for their customers. If you are after the cool factor: get a good income going from a business first. That frees you up like nothing you've ever experienced.

This. We're running a startup environment inside an income-producing business, and I really do think it's the best of both worlds.

If you are in this position, you will not be at the mercy of the investment climate for survival when the bubble bursts. Having been in the latter position in 2000, I can attest that it is by no means enjoyable.