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The Startup Life Is Not For Everyone

alexstechthoughts.com

71–80 of 90 posts

Re: The Startup Life Is Not For Everyone

#71
post #64

Earlier quoted context omitted.

It is. I grew up in a bit of a different family. My grandparents are very wealthy. My family does not transfer wealth. My Dad and my uncles are all self made men, the only thing they have to fall back on is the bed and food at their parents if things go south, not a cent of their money, and this has been made clear from their modest, even poor upbringing. No private schooling. No excessive tutoring, no special hires.…

You have food and a free bed to fall back on. That's an immense safety net--exactly the kind of privilege we're talking about. And presumably that free bed is in some safe, comfortable suburb or at least the nicer part of the city, the food's not too bad either, and you can even take your MacBook home with you. Some people don't have any living family members who can take them in. Both of my parents, all of my grandp…

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Re: The Startup Life Is Not For Everyone

#72
post #64

Earlier quoted context omitted.

It is. I grew up in a bit of a different family. My grandparents are very wealthy. My family does not transfer wealth. My Dad and my uncles are all self made men, the only thing they have to fall back on is the bed and food at their parents if things go south, not a cent of their money, and this has been made clear from their modest, even poor upbringing. No private schooling. No excessive tutoring, no special hires.…

You have food and a free bed to fall back on. That's an immense safety net--exactly the kind of privilege we're talking about. And presumably that free bed is in some safe, comfortable suburb or at least the nicer part of the city, the food's not too bad either, and you can even take your MacBook home with you. Some people don't have any living family members who can take them in. Both of my parents, all of my grandp…

Absolutely and I am thankful for the chance my parents give me. However I wouldn't think of returning until I have truly exhausted every single opportunity in getting together cash to stay afloat.

>Don't go around saying you're motivated because you don't have one.

Not a chance, I recognize my gifts and it motivates me even more.

Re: The Startup Life Is Not For Everyone

#73

I just did three startups, all back to back, in NYC. I needed a break and less risk in my life. I got a sudden mid-life urge to settle down so I moved to the suburbs and I now have an easy, well paying, enterprise job. No teams to manage, no insane schedules, no Sunday morning phone calls, no 80 hour weeks, no more high blood pressure or anxiety attacks. No equity either, but I'll sacrifice that now for my non-startu…

I'm in year 14 of my corporate job after three startups in the 90s (yes, we had them back then.) I can't believe how great my current job is but I'm still thinking about going back to startups once the job security is less important (e.g. once my kids are rich enough to support me!)

Re: The Startup Life Is Not For Everyone

#75
post #68

Earlier quoted context omitted.

Only work on contract. Only bill by hour, day, or week (depending on how good you are). I don't believe in loyalty to a company or scene. I'm here to make money to fund my own life, that's it.

It is one way to go, but I think it's still important to set limits. Getting paid by the hour by a company willing you pay you overtime to be overworked still means that there's a risk of burning out.

I charge more for hours beyond 9-5.

Re: The Startup Life Is Not For Everyone

#76

The cool thing about starting your own business is that you can build it however you like. You can work 80 hour weeks or 10 hour weeks. Your choice. You can neglect your friends, family and health, and work yourself into the ground. Or not. Again, entirely up to you. Surprisingly, the end result will probably be roughly the same. If you're good at building software, and work in bursts like most of us do, then a few g…

The freedom is indeed one of the biggest draws but I've found that with any degree of success there is also an automatic reduction in freedom because your responsibilities go up. Hard to balance that.

Your thought reminded me of a Ian Langworth's recent quote: "Today, as CTO and co-founder of Artillery, I’m split between infinite freedom and infinite responsibility."[1]

[1] http://firstround.com/article/How-to-Go-From-Google-Engineer...

Re: The Startup Life Is Not For Everyone

#77
post #70
post #65

Earlier quoted context omitted.

Almost every employer I've had has emphasized the extreme hours before making an offer. It has never turned out to be a problem. Only once did I object, and I didn't get the offer that time. I think they say this stuff because it's part of their self-image; they really believe they're working crazy hours when in fact they're working 45-50 hours/week. Also because they want to screen out those who really want banker's…

Who on earth wants banking hours (I'm assuming you're referencing the hours that were outlined in recent articles on HN)? I work in a bank and we're forced to not work anywhere beyond 37.5 or they're liable.. Anyways, I went on trial at one of the few startups that offered to hire me as a contractor. The hours were truly insane. Developers practically lived there, which is why I think startup offices are so much more…

"Banker's hours" or "banking hours" is a longstanding U.S. idiom for very short days. It comes from a time when retail bank lobbies were only open from, say, 10:00am to 2:00pm, Monday through Thursday.

I'm exaggerating slightly for effect, but probably not much. Going to the bank used to be a highly inconvenient thing for people who worked jobs that did not let them pop out for an errand whenever they felt like it (manufacturing, retail, service, etc). So the term "banker's hours" also has a connotation of the privileges of the rich--people living lives of leisure and freedom. (including the bankers themselves of course)

Re: The Startup Life Is Not For Everyone

#78
post #72

Earlier quoted context omitted.

You have food and a free bed to fall back on. That's an immense safety net--exactly the kind of privilege we're talking about. And presumably that free bed is in some safe, comfortable suburb or at least the nicer part of the city, the food's not too bad either, and you can even take your MacBook home with you. Some people don't have any living family members who can take them in. Both of my parents, all of my grandp…

Absolutely and I am thankful for the chance my parents give me. However I wouldn't think of returning until I have truly exhausted every single opportunity in getting together cash to stay afloat. >Don't go around saying you're motivated because you don't have one. Not a chance, I recognize my gifts and it motivates me even more.

That's all well and good. But the point is, your downside risk is still limited, compared to someone who will be on the streets if they fail.

I always knew I could move back home if my work failed. This really helped me take risks in the early stages. I was pretty sure they'd pay off, but I knew I would have the opportunity to recover if things went sour.

Re: The Startup Life Is Not For Everyone

#79
post #5
post #4

Earlier quoted context omitted.

Lawyers, doctors, retail, construction etc, etc. The world is a lot more varied than being an engineer or being relegated to entrepreneurdom.

There are more lawyers than there are lawyering jobs. All the lawyer people I know are complaining and many are closing their offices because they can't get enough clients. Doctors can't get jobs because so many people are vying for the same jobs it's difficult to even get a specialty. Nobody will hire you without a specialty. Retail ... yeah, you're competing with everyone from high school students to college grads…

Any doctor having trouble finding work in Europe should take a crack at coming to the U.S. We are short on doctors and getting shorter.

Re: The Startup Life Is Not For Everyone

#80
This is a straw man argument (http://en.wikipedia.org/wiki/Straw_man).

No one is saying that startups are for everyone. People just say that they're undervalued. The upside is ignored (probably because of scope insensitivity [http://wiki.lesswrong.com/wiki/Scope_insensitivity]), and the risks are misunderstood.

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