3 ms·
Not specifically direct to this post but something relevant. We had that discussion with a colleague yesterday while we are thinking of starting a company ours
by muse900 10y ago
Not specifically direct to this post but something relevant.
We had that discussion with a colleague yesterday while we are thinking of starting a company ourselfs.
The only thing I actually told him that if we start off something I dont want it to focus on investments or anything crazy and I'd like to go very humble with everything. Create a small business with a product and let it grow in a normal pace.
Atm we are both working for 2 entrepreneurs that started a small company and slowly slowly grew it up to a medium company that returns over 50m a year. Its a very stable environment and they don't go into heavy risks when it comes to spending.
I see a lot of people nowadays that are very proficient in tech doing startups. Startups are everywhere. The main thing we see though is that most of them fail at it.
I mainly think its because they are not experienced enough on how life works and they think they gonna make the next uber etc.
NO! Thats a big NO! People that created uber are like people that win the lottery. They were lucky enough to get investments they way they did etc and kept at it. Thats all about it. For me its not a success story about a company that started small and ended up big. Its just the lucky draw that investors picked up and threw money at.
People around tech industry need to realise that. Start a company, have a product, and go slowly with it. Stick with it and yes in 10-20 years time you'll be at some good amount of money. Don't expect it to happen in a year or even 5 years or else you are stressing your company to fail.
I feel like this is the issue with the tech industry entrepreneurs atm. They want to have it all fast, and thats why they fail.
Also you see people celebrating investments... I love the show "silicon valley" because it shows you in reality what this industry is about. When you get an investment you shouldn't be the happiest person in the world, you gonna get people demanding stuff etc which will definitely put you in a difficult position especially if the company and the product is very young as the investors might wanna take a different path and lead you into taking it as well.