Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Young, Rich, and Calling Their Own Shots - 30 Under 30

inc.com

Post reply on HN
Print view View original

11–16 of 16 posts

Re: Young, Rich, and Calling Their Own Shots - 30 Under 30

#11

Post by pchristensen »

timr wrote: post #9
mwinters58 wrote: post #7

and another year has passed and I see this list, realizing I'm getting closer and closer to 30 (ok i'm not that close yet). Does anyone else feel that it's about time for themselves to stop reading the lists and start building something?

Don't sweat it. Not that long ago, you didn't have a prayer of starting a successful business before the age of 30. The 20-year-old founder is a very recent fad. The demographics may be shifting, but it isn't your fault.

I wouldn't call the 20 yr old founder a fad but rather a new development. I think that the new economics of distribution mean that starting a company at 20 with no cash will be a permanent option. I do think that it will take a culture shift towards entrepreneurialism to make it more prevalent though.

(full disclosure: I'm 28 with no startup)

Re: Young, Rich, and Calling Their Own Shots - 30 Under 30

#13

Post by lancashire »

nazgulnarsil wrote: post #2

the article mentions that "entrepreneur" studies are being added to many curriculums. this is fantastic, if the baby boomers retire fast enough there might be a chance of real capitalism returning to the USA. entrepreneurs drive every increase in standard of living.

I took a new entrepreneurial module for computer scientists in my last year of university.

It was a nice idea but in truth we would have all been better off if we'd been given a link to pg's essays and been told to go home.

Re: Young, Rich, and Calling Their Own Shots - 30 Under 30

#14

Post by timr »

pchristensen wrote: post #11
timr wrote: post #9

Earlier quoted context omitted.

Don't sweat it. Not that long ago, you didn't have a prayer of starting a successful business before the age of 30. The 20-year-old founder is a very recent fad. The demographics may be shifting, but it isn't your fault.

I wouldn't call the 20 yr old founder a fad but rather a new development. I think that the new economics of distribution mean that starting a company at 20 with no cash will be a permanent option. I do think that it will take a culture shift towards entrepreneurialism to make it more prevalent though. (full disclosure: I'm 28 with no startup)

Maybe. My guess is that the market for those companies that can be started with little or no money will become saturated (this has probably already started to happen), and the returns will fall. This will dampen some of the current frenzy for young founders.

Re: Young, Rich, and Calling Their Own Shots - 30 Under 30

#15

Post by anamax »

> Rahim Fazal, co-founder of Involver, started his first business when he was in high school, and actually told his parents he was dealing drugs

Um, dealing drugs is a biz. Some dealers are owners. Some are employees. Some are contractors.

And, a lot of dealers in the owner/contractor categories are under 30.

Re: Young, Rich, and Calling Their Own Shots - 30 Under 30

#16

Post by ojbyrne »

zandorg wrote: post #8
ojbyrne wrote: post #4

Earlier quoted context omitted.

So how exactly does that work? Hey, mom, dad, I don't have time for school, I'm too busy slinging... If he's from the neighborhood where that actually works, I very much doubt that he'd get funding from anyone. In other words, I'm calling bullshit.

But he might not need funding, depending on whether it's an Intellectual Property (IP) company or a franchise, or time hungry, manpower needed, etc etc.

So I looked further and on their about page it says he has an MBA from the top business school in Canada. Again I call bullshit, either on the story or on the MBA.
Post reply on HN