Privileged person decides to try hand at entrepreneurship, congratulates self for courage. Reading these is the textual equivalent of watching someone jerk off.
agreed, sadly.
Why I Quit My Job to Start a Tech Company
51–60 of 79 posts
Re: Why I Quit My Job to Start a Tech Company
#52yipit, really? Yet another "Daily Deal" site is what the conf considered most likely to succeed?
Yipit is an aggregator, so they actually arent a daily deal site in the traditional sense. Since the space keeps growing and more sites pop up, Yipit becomes increasingly more useful to consumers (in finding deals) and to the providers (they have a data product)
Re: Why I Quit My Job to Start a Tech Company
#53250k 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.
Don't forget about the time period - 2006.
Re: Why I Quit My Job to Start a Tech Company
#54Earlier quoted context omitted.
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.
If you were guaranteed $250k a year with potential to receive more every 5 years or so, were able to buy a house, nice car, and support a family without worrying about any financial hardships, you think it would be _easier_ to quit? To go to what, the potential for no salary, constant paranoia of whether you made the right decision or not, and get into a field you know relatively nothing about? It's a pity that these…
Starting anything and seeing it through takes courage. However, it doesn't seem more courageous to me to start a company with, say, $200k in the bank than to start with no money. Runway matters.
Re: Why I Quit My Job to Start a Tech Company
#55Doing 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…
It can feel that way for some startups. I was at one early startup and the direction was constantly changing, with feature and code thrown out weekly, or daily at some point.
The problem was the founder wasn't being honest with himself or us. He should have said, we didn't know what we were doing and we were just exploring, throwing anything on the wall to see what stuck, rather saying we were on a sure path and we were building software for real. We were really building demoware or PPT, not real software.
The cost and effort in building demoware is vastly different from building real software. It became incredibly frustrating to have misaligned goals.
Re: Why I Quit My Job to Start a Tech Company
#56It seems to me like he is replacing money with "status." Building something on your own, and wanting to tell a room full of people about building something are completely different.
From what I know of Vin, this isn't the ethos of his thinking at all.
I was commenting on the tone of the article. That's how the article reads.
Re: Why I Quit My Job to Start a Tech Company
#57Earlier quoted context omitted.
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.
If you were guaranteed $250k a year with potential to receive more every 5 years or so, were able to buy a house, nice car, and support a family without worrying about any financial hardships, you think it would be _easier_ to quit? To go to what, the potential for no salary, constant paranoia of whether you made the right decision or not, and get into a field you know relatively nothing about? It's a pity that these…
If you were guaranteed $250k a year with potential to receive more every 5 years or so, were able to buy a house, nice car, and support a family without worrying about any financial hardships, you think it would be _easier_ to quit?
Yes. If he was being paid $250K/yr, that means he did a great job while he was there. It would not be that difficult for him to return to finance. I've quit my job a couple times to travel and when I returned to the workforce my new position paid more than I made previously...
Re: Why I Quit My Job to Start a Tech Company
#58Is he an HNer?
I'm pretty sure he is, I remember his name.
Re: Why I Quit My Job to Start a Tech Company
#59Privileged person decides to try hand at entrepreneurship, congratulates self for courage. Reading these is the textual equivalent of watching someone jerk off.
A person who spends his childhood as a poor immigrant and then goes on to achieve considerable financial success through hard work and merit is "accomplished," not "privileged."
That he would be willing to risk everything on a startup is indeed courageous.
Re: Why I Quit My Job to Start a Tech Company
#60Earlier quoted context omitted.
Aren't both groupon and livingsocial trying to "own the space"?
sorry, I meant that as daily deal sites keep popping up, it's much easier to use an aggregator than to browse individual sites. I assume they're trying to be a layer upon the daily deal space, not just a singular deal provider.
Dealmap was just acquired by google, seems like there's something to these aggregators...