Start-ups and Emotional Debt (2014)
evanmiller.org
Start-ups and Emotional Debt (2014)
1–10 of 20 posts
Re: Start-ups and Emotional Debt (2014)
#2"By developing “start-up skills” for four years, you are missing an opportunity to hone your skills as a writer, musician, engineer, architect, or whatever that secret aspiration was that you had before you decided it was necessary to make a lot of money first. It will be a regret that will not go away."
I did fully commit myself to build a company which gives me immense financial freedom and I definitely did not pursue some interests I wanted to. However, I have absolutely no regrets. Given a choice all over again, I'd choose building the startup without even thinking for a micro-second compared to wanting to pursue a career in music. Interestingly, now I can take private lessons on playing the piano when and where I feel like.
Money is definitely not everything and cannot singularly make you happy, but in today's world it's definitely the first thing you'd like to acquire to simplify getting most of the other things you want.
Re: Start-ups and Emotional Debt (2014)
#3If you go through life tinkering with projects, ideas and products without never really finishing something it gets demoralizing. You start feeling like a broken record talking about all the things you're going to do "some day". Not from a money point of view, but rather the joy of having created something special.
Sure you can stay in that cushy job and give up your dreams and delusions of grandeur, working away for someone elses vision, but you'll always have that nagging disappointment that you didn't follow through.
This might only apply for certain personalities, but for those I think it might be better to at least give it a shot rather than forever wonder what could have been.
Re: Start-ups and Emotional Debt (2014)
#4Interesting article, but I'd also claim the opposite. There's a cumulative emotional debt in NOT doing a startup/product. If you go through life tinkering with projects, ideas and products without never really finishing something it gets demoralizing. You start feeling like a broken record talking about all the things you're going to do "some day". Not from a money point of view, but rather the joy of having created…
If you do plan to run a startup, and then fail, at least you are prepared for it, and you can still feel good about yourself.
Also, I'd advise to do something that has social impact. If your company is just building the next todo-list, or the next css framework, or the next electronic paperclip, then if you fail to make this a big financial success, you will feel you have wasted part of your life. On the other hand, if you have worked on renewable energy, and failed, then you will still feel good about at least having tried to make the world a better place, rather than just having aimed for the money.
Re: Start-ups and Emotional Debt (2014)
#5Interesting article, but I'd also claim the opposite. There's a cumulative emotional debt in NOT doing a startup/product. If you go through life tinkering with projects, ideas and products without never really finishing something it gets demoralizing. You start feeling like a broken record talking about all the things you're going to do "some day". Not from a money point of view, but rather the joy of having created…
It is important, however, to be aware of your chance of success. We mostly read about the success stories, almost never about the failures. Success is harder (and more random) than you might think. If you do plan to run a startup, and then fail, at least you are prepared for it, and you can still feel good about yourself. Also, I'd advise to do something that has social impact. If your company is just building the ne…
Re: Start-ups and Emotional Debt (2014)
#6Interesting article, but I'd also claim the opposite. There's a cumulative emotional debt in NOT doing a startup/product. If you go through life tinkering with projects, ideas and products without never really finishing something it gets demoralizing. You start feeling like a broken record talking about all the things you're going to do "some day". Not from a money point of view, but rather the joy of having created…
It is important, however, to be aware of your chance of success. We mostly read about the success stories, almost never about the failures. Success is harder (and more random) than you might think. If you do plan to run a startup, and then fail, at least you are prepared for it, and you can still feel good about yourself. Also, I'd advise to do something that has social impact. If your company is just building the ne…
As everything you do in life, the startup should be aligned with your values and long term goals in life (aka the purpose you are giving your life), so you can be totally in peace with yourself.
That way, as you mention it, whatever happens financially with the startup, you can be in peace with yourself, knowing you have contributed your part to make this world a better place.
Re: Start-ups and Emotional Debt (2014)
#7Interesting article, but I'd also claim the opposite. There's a cumulative emotional debt in NOT doing a startup/product. If you go through life tinkering with projects, ideas and products without never really finishing something it gets demoralizing. You start feeling like a broken record talking about all the things you're going to do "some day". Not from a money point of view, but rather the joy of having created…
It is important, however, to be aware of your chance of success. We mostly read about the success stories, almost never about the failures. Success is harder (and more random) than you might think. If you do plan to run a startup, and then fail, at least you are prepared for it, and you can still feel good about yourself. Also, I'd advise to do something that has social impact. If your company is just building the ne…
But you're right, We should have some reasonable knowledge about the odds of success and what to do to maximize them... on the other hand failure is a necessary ingredient of success, and as long as you learn something from each "failure" its just another step forwards.
As for social impact, sure that's great but each individual has their own goals and what matters to them. Some might want to entertain people, or make peoples lives easier, or just create something beautiful. Some want to help the poor or save the world and that's great too.
The one thing I think we can agree on is that its better to work with something that you find intrinsically meaningful rather than being just motivated financially.
Money might be a part of it though, many are the indie developer whose goal is with each project is to earn enough money to keep doing what they love. Or one project might be the stepping stone to making those world saving projects. Last time I checked they sold Wunderlist for 100 million dollars.
Re: Start-ups and Emotional Debt (2014)
#8This blind spot is the undercurrent to his whole essay. While there are definitely startup founders who can experience regret of an alternative life, the author completely ignores the opposite situation: the play-it-safe employee who has "friends & family" but has demons of "unfulfilled potential" constantly gnawing at him.
>, you should probably spend more time learning about your own brain, and trying to form enduring friendships, and less time worrying about money and start-ups and equity and things.
This assumes that one cannot create enduring friendships while in the act of building startups. People can pursue goals of becoming a Navy SEAL, climb Mt Everest, hunt for the Higgs-Boson, etc and cultivate friendships while spending time on activities that require intense focus.
>For whatever reason — maybe it’s generational — today’s founders feel the need to be the hero of their own inner narratives. For them, start-ups embody a kind of happy confluence of making a lot of money, changing the world, showing everyone how smart and wonderful they are, and, ultimately, becoming their awesome true authentic selves.
The author has a dismissive tone using phrases like "for whatever reason", "showing everyone how smart and wonderful they are", and "becoming their awesome selves". Sure, manipulate the reader by only describing caricatures of egotism.
The author doesn't mention the other legitimate sentiments such as, "I don't to be a cog in someone else's wheel", or "I don't want to optimize algorithms to make people click on ads"[1]
The author doesn't seem to acknowledge the existence of people who will not be fulfilled with friends unless they are satisfied with what they are doing with their life. A similar scenario is a family man who isn't fulfilled by settling into a domestic routine. He has children; at best, he loves them but at worst, he's apathetic and sees them as constant reminders of ambitions that were killed. The girlfriend/wife unexpectedly got pregnant and now he feels trapped.
[1]http://www.fastcompany.com/3008436/takeaway/why-data-god-jef...
Re: Start-ups and Emotional Debt (2014)
#9An interesting perspective. I agree with most but not this one: "By developing “start-up skills” for four years, you are missing an opportunity to hone your skills as a writer, musician, engineer, architect, or whatever that secret aspiration was that you had before you decided it was necessary to make a lot of money first. It will be a regret that will not go away." I did fully commit myself to build a company which…
Lack of money means lack of choices.
Negative money (debt) means choices forced upon you.
My neighbour is financially independent. I don't know how much money he has, but he certainly doesn't have a job. I know he used to own a business as he still has some branded material around the house.
He is midway through a meteorology degree, of all things. He wants to learn how the weather works.
That's what having money brings you.
Re: Start-ups and Emotional Debt (2014)
#10Interesting article, but I'd also claim the opposite. There's a cumulative emotional debt in NOT doing a startup/product. If you go through life tinkering with projects, ideas and products without never really finishing something it gets demoralizing. You start feeling like a broken record talking about all the things you're going to do "some day". Not from a money point of view, but rather the joy of having created…