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I would say no to the people who say it's good to have a startup when you're young. For investing and money compounding the first 5-10 years of your working lif
by xiphias2 8y ago
I would say no to the people who say it's good to have a startup when you're young. For investing and money compounding the first 5-10 years of your working life are the most important.
If you want to make a lot of money, I would look at investing (especially commodities now that stocks/bonds/houses are overvalued) instead of trying a startup. Most people get rich ($3M+) by investing and letting compounding do its job.
Doing a startup is risky, investing can be done in a relatively safe way.
If you really want a startup for some non-money related reason, you can do it when you have money in your bank account.
- ehead 8y agoI’m finding this out the hard way. I recently shut down a startup that became very distant from my interests, and now I’m having trouble finding jobs in my actual interest area, hardware engineering. I’m no longer a ‘recent grad’ so my college internships don’t have much weight. I wish I had taken advantage of the amazing opportunities afforded by being a fresh grad instead of starting my own thing, and I wish I had had the foresight to not do a startup that would distract me from my career path.
- xiphias2 8y agoI'm sorry for you, I know heavy is the age bias in the industry. Get a software engineering job at a company thst has hardware engineering as well, it's usually easier to switch as an insider.