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I guess at that age one is fed up working for others, realizing this is not the best way to spend your life - what is left from it.

by zerr 6y ago

gt565k 6y ago
Or the more likely scenario is, at that age, you've worked on different problems, made the right connections, experienced many frustrations, and took all of those things to create efficiency in some market and build a successful product Every 20 year old wants to be a start-up founder without understanding how the world works, without ever managing a team, without understanding basic accounting and business processes. Put in the time first, learn how companies and industries operate, then innovate.
jcims 6y ago
I co-founded a consultancy in my late 20's, it ran for 15 years until I shut it down. I'm now an IC doing work for international juggernaut megacorp but am in my domain and am able to focus on what I'm doing while also observing how the rest of the world works (or doesn't). Working for yourself frequently means working by yourself to start, spending most of your time solving problems outside of expertise until you've built a team that can do that for you...then you realize you're working for that team. To the extent that you're successful the size of that team continues to grow and grow until it starts to include folks that really don't give a fuck about your dreams or vision or product beyond how it translates to their profit. This isn't really freedom either. You're like a queen bee...it looks like you call the shots but the reality if you don't keep laying eggs you'll have the pleasure of seeing your successor being groomed with great care until you're ejected from the hive. I love shilling this clip from Lex Fridman's podcast with Stephen Schwarzman, it's a good listen: https://www.youtube.com/watch?v=jdt4PPY09rQ https://www.youtube.com/watch?v=jdt4PPY09rQ
- zerr 6y ago
  Not necessary. Starting small and staying small is still a viable path I believe.
  - jcims 6y ago
    It absolutely is (and IMHO the only way I would want to go). It's just that you want to be big enough that the major business functions are handled by skilled folks otherwise it's just keeping 10 plates spinning until you quit.

I guess at that age one is fed up working for others, realizing this is not the best way to spend your life - what is left from it.

by zerr 6y ago

I guess at that age one is fed up working for others, realizing this is not the best way to spend your life - what is left from it.

gt565k 6y ago

Or the more likely scenario is, at that age, you've worked on different problems, made the right connections, experienced many frustrations, and took all of those things to create efficiency in some market and build a successful product Every 20 year old wants to be a start-up founder without understanding how the world works, without ever managing a team, without understanding basic accounting and business processes. Put in the time first, learn how companies and industries operate, then innovate.

jcims 6y ago

I co-founded a consultancy in my late 20's, it ran for 15 years until I shut it down. I'm now an IC doing work for international juggernaut megacorp but am in my domain and am able to focus on what I'm doing while also observing how the rest of the world works (or doesn't). Working for yourself frequently means working by yourself to start, spending most of your time solving problems outside of expertise until you've built a team that can do that for you...then you realize you're working for that team. To the extent that you're successful the size of that team continues to grow and grow until it starts to include folks that really don't give a fuck about your dreams or vision or product beyond how it translates to their profit. This isn't really freedom either. You're like a queen bee...it looks like you call the shots but the reality if you don't keep laying eggs you'll have the pleasure of seeing your successor being groomed with great care until you're ejected from the hive. I love shilling this clip from Lex Fridman's podcast with Stephen Schwarzman, it's a good listen: https://www.youtube.com/watch?v=jdt4PPY09rQ https://www.youtube.com/watch?v=jdt4PPY09rQ

zerr 6y ago
Not necessary. Starting small and staying small is still a viable path I believe.
- jcims 6y ago
  It absolutely is (and IMHO the only way I would want to go). It's just that you want to be big enough that the major business functions are handled by skilled folks otherwise it's just keeping 10 plates spinning until you quit.