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> We're taking on some consulting projects, but we're going to keep working on the startup.
All good if you're single, but what if you've got a wife and family and just need the cash? (Okay, feel free to say you shouldn't start a startup with a family, but it's too late... :-)
A good friend of mine once described pg as a "modern-day Horatio Alger for hackers".
Very helpful and inspiring. Thanks! But: > We're taking on some consulting projects, but we're going to keep working on the startup. All good if you're single, but what if you've got a wife and family and just need the cash? (Okay, feel free to say you shouldn't start a startup with a family, but it's too late... :-)
Very helpful and inspiring. Thanks! But: > We're taking on some consulting projects, but we're going to keep working on the startup. All good if you're single, but what if you've got a wife and family and just need the cash? (Okay, feel free to say you shouldn't start a startup with a family, but it's too late... :-)
Very helpful and inspiring. Thanks! But: > We're taking on some consulting projects, but we're going to keep working on the startup. All good if you're single, but what if you've got a wife and family and just need the cash? (Okay, feel free to say you shouldn't start a startup with a family, but it's too late... :-)
The real threat posed by taking on consulting is not what it does to your time; seeking funding would eat up lots of time as well. The threat is what it does to your determination. When the startup seems hopeless you can easily drop it and make consulting your focus.
If you're determined enough, you'll come up with a plan to maintain that determination even if consulting goes well and the startup goes terribly.
Very helpful and inspiring. Thanks! But: > We're taking on some consulting projects, but we're going to keep working on the startup. All good if you're single, but what if you've got a wife and family and just need the cash? (Okay, feel free to say you shouldn't start a startup with a family, but it's too late... :-)
This can still be a totally inspiring essay for that situation. The real threat posed by taking on consulting is not what it does to your time; seeking funding would eat up lots of time as well. The threat is what it does to your determination. When the startup seems hopeless you can easily drop it and make consulting your focus. If you're determined enough, you'll come up with a plan to maintain that determination e…
Also very good point about how peers motivate each other. When I am sitting in my weekly target meetings and see that my peer did 110% of his target and i did only 95%, it immediately triggers me to go and re-examine my methods.
>> We've done this five times now, and we've seen a bunch of startups die. About 10 of them so far. So, not counting this batch (19), 10 out of 39 [1] startups died so far. So, the survival rate is 72%. Not bad! I know that some more YC companies might die at some point in the future, but the numbers so far seem impressive. [1] The following article quotes 58 companies funded in all: http://dondodge.typepad.com/the_n…
There were 38 before this batch, 20 new ones this summer, 1 of which immediately merged with a startup from a previous round = 19 in Cambridge.
Earlier quoted context omitted.
I think this is a good idea... >>I'm sure one of you is already thinking of how to make this a Facebook app, but I think a personal phone call would work best. Actually, my first thought was meetup group in a certain area.
That would be better, but also easier to flake on.