> "But you will avoid many of the annoying things that come with a job, including a boss telling you what to do." Isn't this a bit misleading and can only be true for companies that don't take VC money or never go public (ex: Basecamp/37 Signals)? For VC funded or public companies, ultimately you'd have to be responsible to answer to your shareholders.
Exactly: instead of a boss, you get venture capitalists, plus you probably don’t have that pesky work-life balance either.
How to Start Google
181–190 of 681 posts
Re: How to Start Google
#182Re: How to Start Google
#183""" What you need in a startup idea, and all you need, is something your friends actually want. """
Re: How to Start Google
#184I'm wondering if there is a research about which percentile of these two groups became rich: People who started a company vs People who worked for Tech companies.
Unless you're very early (and/or very lucky), you can't get "rich" (i.e., can choose never to work again and can invest in many other things) as an employee (though of course a highly-paid employee can become very well off and comfortable). Yes you need to be lucky to get super-rich as a founder too, but you have a lot more control, i.e., you make the primary decisions that determine whether the company will make goo…
Re: How to Start Google
#185> "But you will avoid many of the annoying things that come with a job, including a boss telling you what to do." Isn't this a bit misleading and can only be true for companies that don't take VC money or never go public (ex: Basecamp/37 Signals)? For VC funded or public companies, ultimately you'd have to be responsible to answer to your shareholders.
Your boss's job is to oversee the minutiae of your day-to-day activities. Like in most workplaces, you can't choose to just chill for a few days, work only at night, or choose to avoid meetings for a few days, etc.
You will have a level autonomy and the ability to change directions/features, etc. that you cannot have working for others.
Re: How to Start Google
#186Earlier quoted context omitted.
I wonder, over the course of a career in startups, what is the probability that you'll either found or be an early employee at one that makes up (financially) for the rest? Not hugely rich, but better than "normal" career. Given it's a repeated game, and you gain knowledge at each round, I'd say the odds are probably pretty good that the highly dynamic / fast learning environment of early companies yields returns ove…
Well you can calculate that somewhat, right. If you're "top-1%" in skill, enough to get hired at Google (even if you did it for the badge), then did you or did you not start a business? Google: 180,000 employees. Let's say including ex-employees 250,000 These started 1,200 companies, according to the only source I could find. These collectively apparently made their founders ~20 billion. Let's say (heh) that it's a p…
Re: How to Start Google
#187Earlier quoted context omitted.
This is what is fundamentally missing from most talk about "tech" startups by VC types these days. They're not actually interested in the nerdy stuff, just in the "disruption" stuff. L&S were , and they hired other people who were. They didn't start with a business idea, but with a technical one. They filled in the blanks on the business side after they survived the .com crash. I didn't get to Google until 2011, but…
Hopefully 2 Stanford CS PhD students hacking on their project would be funded by YC today :) You bring up a good point about starting from the tech rather than the problem. Usually the advice from VCs is to start from the problem and iterate on the tech until you solve it. What was very fortunate for Google is that the tech translated into a great business problem. Open up any CS textbook and 'Search' is always a maj…
Search is not a good business. Ad sales over top of search turned out to be. AdWords is the thing that catapulted Google towards (insane) profitability. And for the first few years, Google didn't really sell ads, or market themselves as even aiming to sell ads. But AdWords could only be successful because they had already captured the market on search, and so had a captive audience to show ads to (and relevance information based on their searches).
AdWords rolled out in 2000. Many of us had been using Google as a search engine since before the company had even been founded (1998).
Re: How to Start Google
#188Actaally if you look at those lists, the largest number made it by choosing their parents correctly.
Re: How to Start Google
#189The blindness to privilege that’s tied up in the part about why you ‘need’ to go to a good (by which he means highly selective) school… > if you want to start a startup you should try to get into the best university you can, because that's where the best cofounders are... > The empirical evidence is clear on this. If you look at where the largest numbers of successful startups come from, it's pretty much the same as…
The essay (intentionally, no doubt) doesn't pick a side in this fight.
It's very clear on why you should go to the best university: not because it will make you the best founder, but to meet the best co-founders.
> And if you want to start a startup you should try to get into the best university you can, because that's where the best cofounders are. It's also where the best employees are. When Larry and Sergey started Google, they began by just hiring all the smartest people they knew out of Stanford, and this was a real advantage for them.
It doesn't matter whether elite universities are meritocratic or terribly unfair: either way, they've been the source of very many successful companies over the last 30 years, and Paul Graham is betting on that continuing to be the case. (Unlike Peter Thiel, for example, who is telling kids to drop out).
Re: How to Start Google
#190I am curious how this ethos of the 3 things you need and playfulness/not-intended-to-be-a-startup startups project is in enacted per batch. Like YC's now numerous sales operations/software companies in the past batches: 19-22 years are making email-based-crms for their friends? (I guess a batch and other batches are "friends" so goalposts shift and magically appear). The growth in sales saas companies out of YC seems…
Nothing about friends, nothing about fun projects. Mainly just looking at Salesforce, knowing its the DB for business-side of the house, and that the UI/X of SFDC is not good, so here is a better UX (much appreciated).