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yipit, really? Yet another "Daily Deal" site is what the conf considered most likely to succeed?
they aren't just another "daily deal site"--they're trying to own the space. also, from what I hear, their yipit data product (data and analytics on the daily deal space) has already experienced good traction from hedge funds and others interested in this growing space.
Pretty motivational stuff! Props!! 1) As an aside, he says his job was Private Equity Investor. Does that mean we worked for a hedge fund? 2) How does one get hired as a PEI right out of college? I'm just curious what skill set is required. What do they do exactly?
A lot of MBA students in top business schools dream of getting into PE firms after MBA. But only those who have some finance background (Investment Banking, for example) have a realistic shot of getting in.
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It seems like a baller gig like that would make it _easier_ to quit and start something up. You'd be able to save so much more money, than say, someone who took a typical Silicon Valley entry level programming job. If he had chosen to work at Google, he'd have been lucky to make 1/2 that.
I'd agree with your logic if he was in the tech industry, but he wasn't. He had 0 technical skills, his barrier to entry was far greater than money.
Doing the opposite now. Spent the last year in a very early stage startup. Finally got fed up with the low pay ("but we're giving you equity...") and the lack of direction. It seemed like every other week we had a new direction. And the latest new direction was so bizarre that I'm tempted to make a mockumentary about the whole thing. Finally had enough of the startup scene; I'm going to go to work for a very large se…
Care to share some dirty details?
Earlier quoted context omitted.
they aren't just another "daily deal site"--they're trying to own the space. also, from what I hear, their yipit data product (data and analytics on the daily deal space) has already experienced good traction from hedge funds and others interested in this growing space.
Aren't both groupon and livingsocial trying to "own the space"?
Doing the opposite now. Spent the last year in a very early stage startup. Finally got fed up with the low pay ("but we're giving you equity...") and the lack of direction. It seemed like every other week we had a new direction. And the latest new direction was so bizarre that I'm tempted to make a mockumentary about the whole thing. Finally had enough of the startup scene; I'm going to go to work for a very large se…
> And the latest new direction was so bizarre that I'm tempted to make a mockumentary about the whole thing. Care to share some dirty details?
But in a couple of years... that mockumentary idea would be comedy gold.
250k 3 years out of college? Jesus... I have plenty of Ivy league friends in IB & PE making no where near that.. He landed a serious gig. Definitely tough to leave something so cushy so young. Sometimes it really is all about the game.
Yeah, I don't know anyone a few years out of college making that money in finance, even if you add in bonuses.
Most people would consider a $250k salary as 'making it'. Kudos to you for being brave and building something on your own.
250k 3 years out of college? Jesus... I have plenty of Ivy league friends in IB & PE making no where near that.. He landed a serious gig. Definitely tough to leave something so cushy so young. Sometimes it really is all about the game.
It seems like a baller gig like that would make it _easier_ to quit and start something up. You'd be able to save so much more money, than say, someone who took a typical Silicon Valley entry level programming job. If he had chosen to work at Google, he'd have been lucky to make 1/2 that.
It's a pity that these tremendous acts of courage are often overlooked because its _easier_ to walk away from a lot of money.