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A lot of these seem to be about getting accepted into some high-achieving organizations, which will open up further opportunities. This is clearly very importan
by zkhalique 11y ago
A lot of these seem to be about getting accepted into some high-achieving organizations, which will open up further opportunities. This is clearly very important. I would suggest one strategy to do this which involves startups:
MAKE A STARTUP THAT YOU ARE GOING TO FLIP
Once you have the mindset that you are going to exit in a few years instead of building the next google, you'll project many of the attitudes investors are looking for. Even if you have a huge idea that you're working on, don't bring it up when you talk about your smaller, flippable idea. Even better if technology or user base you developed in the "world changing" project can be used to give the flippable idea a big boost, making it seem to be making amazing leaps (which is actually true). Give away as much equity as you need to the most well-connected people who want to get involved. Network your way using the startup as the reason for everyone to cluster around. In short, build your own little organization, and attract people by selling to them exactly what they are looking for. Don't be greedy with the equity because your goal isn't to make huge amounts of money on the exit (even though you could every well exit with millions or a golden parachute) but to open doors and make connections.
Many startups eschew this route because they feel they must focus only on their world-changing business, and as a result, they miss all the low hanging fruit they could be getting.
- rewqfdsa 11y agoSubstitute the tech buzzwords for real estate ones and your terrifying comment could have come straight out of 2007. You shouldn't be building anything to "flip". That attitude does not lead to a society full of people doing productive things. It leads to a shake silo of charlatans doing their best to dupe VCs until the bubble comes crashing down on all our heads.
- zkhalique 11y agoNo. The idea is not to dump some bad mortgage on an unsuspecting buyer. It's to not be hesitant to give away enough equity to make sure the company grows as fast as it can and reaches influential people as a result. That brings you connections, a good track record (serial entrepreneur), and money. You can own 90% of your NEXT venture, while the previous one is managed by "not you" since you've given away equity to lots of people who now say "we'll take it from here". After all, if so many people are actively looking for such entrepreneurs and screening for an "early exit" mindset, why not sell to them what they're looking for, and use it as a vehicle to get further in life?
- danieltillett 11y agoWhile rather cynical, this advice captures the current zeitgeist. The alternative is of course ignore the VCs and their ways and just get on with building your business.