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Before the Startup

paulgraham.com

31–40 of 169 posts

Re: Before the Startup

#31

> Yet when it comes to startups, a lot of people seem to think they're supposed to start them while they're still in college. Is PG seriously implying he doesn't know where college students got the idea that they should be founding startups instead, after spending the last ten years telling them to?

"The three big powers on the Internet now are Yahoo, Google, and Microsoft. Average age of their founders: 24. So it is pretty well established now that grad students can start successful companies. And if grad students can do it, why not undergrads? (...) The less it costs to start a company, the less you need the permission of investors to do it. So a lot of people will be able to start companies now who never coul…

I didn't get the vibe that PG was saying not to start a company in college. I may have misinterpreted him incorrectly, but to me the advice was to not do both simultaneously.

He does mention that there are certain things you can't do if you start a successful company at a young age, but to me the main point was that when you take on a startup you have to be completely invested, and if you're still in school it will be very hard to find time work on both the company and maintain your grades.

Re: Before the Startup

#32
post #29
post #27

"So starting a startup is intrinsically something you can only really learn by doing it" This makes absolutely no sense coming from somebody who built an empire giving advice to budding entrepreneurs.

No, PG built that not by giving advice to founders, but by selecting them.

How did he get into a position where he has his choice of founders? He built the empire by offering mentorship, money, and community (which is peer-to-peer mentorship). In the beginning, the draw wasn't money because they didn't offer much of it.

Re: Before the Startup

#33
A very nice read as always. Footnote [4] is a bit off-putting though "[4] What should you do if your true calling is gaming the system? Management consulting."

Management consulting probably has more opportunities for gaming the system than startups do, and I concur. However, my friends who work at management consultants, from what I can tell based on anecdotal evidence, mostly perform value adding work for their clients, including performing managerial duties in for fast grown firms that do not have the talent at hand, performing macroeconomic research and factory floor optimization. My friends are mostly of engineering background, though, so that probably affects the sampling quite a bit.

I would rephrase the dichotomy of not being about adding value vs. gaming the system but about creating something new versus optimizing and tinkering with an established system.

As an example all the protagonists in "The art of profitability" (http://www.amazon.com/The-Art-Profitability-Adrian-Slywotzky...), for instance, deal mostly in a similar problem space as described by my friends' professional war stories.

Re: Before the Startup

#34
I'm a college kid, started a startup with my roommate and sold it to our university. We did everything wrong, but learned so much that I could write a thesis on it. If I had to do it again and change ONE thing, though, it would be one of PG's central points in this post: get to know your users. We knew who they were at a big picture (UofM students) but did not do a good job honing on on specific 'personality types' that would enjoy our app nor did we keep in touch with our loyal users as much as we should have. Will definitely do that when a next time comes around. The crazier, and daunting, part of reading this post is realizing that despite how much I learned from my first startup, there will be so much to learn from when I find the next fun thing or problem to work at. Can't wait.

Re: Before the Startup

#35
I like the term "playing house". Seems like there are a lot of similar activities. I don't make it to many "startup" type events, but when I do, I always wonder why everyone there is spending so much time hanging out with each other instead of going to the events their customers go to.

Re: Before the Startup

#36
post #33

A very nice read as always. Footnote [4] is a bit off-putting though "[4] What should you do if your true calling is gaming the system? Management consulting." Management consulting probably has more opportunities for gaming the system than startups do, and I concur. However, my friends who work at management consultants, from what I can tell based on anecdotal evidence, mostly perform value adding work for their cli…

You can add value by gaming the system. Gaming the system is a mean, not a goal.

Re: Before the Startup

#37
Can this advice be generalized to other creative endeavors in general? There's an interesting article by Scott Alexander, "Negative Creativity" http://slatestarcodex.com/2014/08/05/negative-creativity/

"It is said that one of the highest-level and most awe-inspiring of rationalist skills is Sitting And Thinking About Something For Five Minutes.

The sitting part isn’t that difficult. It’s not even that hard to…how should I put it…apply mental effort at the problem. But that mental effort tends to be spent rehearsing the solutions already thought up, retreading worn paths, ruminating on how difficult the problem is.

Coming up with entirely novel ideas is really, really hard."

In other words, if we set out deliberately to "come up with a startup idea" or (in a completely different context) "plot for a short story" we're likely to fall into the "gaming" trap, that is coming up with what _sounds like_ a great idea and could potentially even convince others, e.g., professors in a "Creative Writing" class or investors that it is one.

I've been applying this same tactic when dealing with "once in a million" (which at -- I hate to use this term, but it's actually a good one -- webscale can easily happen once an hour) Heisenbugs: fire up five processes in gdb (as to force contention around network, disk, and CPU), add a bunch of log statements, pepper the code with random usleep()s, and set assertions or watch/break points in "impossible" places -- as opposed to a more rookie approach of rewriting any suspect code ("let's put a lock around this just to be sure...") and hoping the problem goes away.

Re: Before the Startup

#38
post #26

"So strangely enough the optimal thing do to in college if you want to be a successful startup founder is not some sort of new, vocational version of college focused on "entrepreneurship." It's the classic version of college as education for its own sake. If you want to start a startup after college, what you should do in college is learn powerful things. And if you have genuine intellectual curiosity, that's what yo…

The most important point in the lecture: Startups are the one area where the traditional gaming of the system will not work. May bring you seed or even series A, but not users. Learning in a college is, after all, gaming a traditional system.

Re: Before the Startup

#39
post #26

"So strangely enough the optimal thing do to in college if you want to be a successful startup founder is not some sort of new, vocational version of college focused on "entrepreneurship." It's the classic version of college as education for its own sake. If you want to start a startup after college, what you should do in college is learn powerful things. And if you have genuine intellectual curiosity, that's what yo…

> He goes and learns a bunch of stuff to the cutting edge.

Some of my best work and graduate school assignments had started off by being handed an RFC (or a language, or a third party library, or a paper, etc...), asked to become an expert on it, and then implement it (or in the case of a library to re-factor old NIH-y code to use that library, etc...). Learning isn't useful as preparation for something else, but it's extremely rewarding in it of itself.

Re: Before the Startup

#40
PG, this has been one of your best essays IMO.

Maybe these are also the same qualities required to be a winning investor. Thinking clearly, loving the area that you're working in, and developing domain expertise.

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