4 ms·

This should make it clear that if you want to start a startup without funding, you should move to manhattan, get a job in financial services and share an apt in

This should make it clear that if you want to start a startup without funding, you should move to manhattan, get a job in financial services and share an apt in queens. Do this for 3 years and you could have $100k in da bank. Then u quit and then startup.

mnutt 16y ago
It seems like a good way to make a good chunk of change to fund your startup, but as someone living in NYC I don't see it actually done that much. I think once you start working for the large bank you get used to all of the perks and it gets hard to leave. It's probably technically possible to do, but would require lots of willpower and determination that you could put into actually starting your startup instead. There's also momentum to consider; not doing something entrepreneurial right now decreases the odds that you'll start doing something entrepreneurial soon.
- iaskwhy 16y ago
  I'm doing it this year but in London. I believe it all goes down to this: are you really working on this to get some money for your startup or are you just making money for yourself? For me it's definitely the first option, couldn't care less about making more or less money right now.
  - keeptrying 16y ago
    Exactly! People will be buying houses and fancy cars and bottles of liquor at clubs for $250 - but you need to realize that what your doing is more important. It's hard though. People will tell u that real estate s a much better option etc... Just keep your eye on the prize.
    - iaskwhy 16y ago
      I'm on this journey with two friends and they just waste all the money on expensive restaurants and wine, it's crazy. Then they will say something like "Yeah but this bill is only x hours of work!" but then you end up with almost no money because when you don't know how to save then it's really easy to waste it all that way. Now I'm just the opposite, I have a really hard time wasting money. By now I never had so much money in my life and still I'm completely unable to buy a Macbook Air* or something similar... I've been having some hard time trying to make my brain understand that it is quite okay to pay $30 for some dinner every once in a while. Does anyone else have this "problem"? * Which, by my friends' reasoning, is just three days of work, at most.
      - keeptrying 16y ago
        Every Asian and every indian has the same "problem" :)... It helps if your job sucks like crazy (but also pays well). In that situation it becomes very clear that only savings will get you out of there. Dinner out with friends once in a while is a good thing though.
      - mahyarm 16y ago
        If you have less time than money and getting more time gives you more money (even in indirect ways such as more/better sleep, exercise and food =better work), it just becomes a business decision.
      - HeyLaughingBoy 16y ago
        Does anyone else have this "problem"? Yes, or at least used to: I outgrew it. I think part of it came from being raised by a single mom and being very aware of how important money was. Once I had more of it than I needed, I simply didn't know what else to do besides bank it or invest it and the thought of spending made me break out in hives. At some point, though, you realize that having nice things doesn't mean you're wasting your money or that you're going to be homeless next week. Life is about balance. Be good to yourself, but be careful.
- ig1 16y ago
  It happens all the time in London, you see a lot of ex-finance people in the startup scene.
- keeptrying 16y ago
  That's true that you don't see it but does happen. I did it. If you have a burning desire to start a company, that desire never goes away. Because og green card issues I could only make the jump after 7 years...
  - mnutt 16y ago
    Good point, I guess I knew a few people who wanted to quit and start a startup or work for a startup but their green cards hadn't quite come through yet.
    - keeptrying 16y ago
      Hey, you going to the hackers Meetup tomm in NYC? I might see you there.
beck5 16y ago
I believe Yipit started this way.

mnutt 16y ago

It seems like a good way to make a good chunk of change to fund your startup, but as someone living in NYC I don't see it actually done that much. I think once you start working for the large bank you get used to all of the perks and it gets hard to leave. It's probably technically possible to do, but would require lots of willpower and determination that you could put into actually starting your startup instead. There's also momentum to consider; not doing something entrepreneurial right now decreases the odds that you'll start doing something entrepreneurial soon.

iaskwhy 16y ago
I'm doing it this year but in London. I believe it all goes down to this: are you really working on this to get some money for your startup or are you just making money for yourself? For me it's definitely the first option, couldn't care less about making more or less money right now.
- keeptrying 16y ago
  Exactly! People will be buying houses and fancy cars and bottles of liquor at clubs for $250 - but you need to realize that what your doing is more important. It's hard though. People will tell u that real estate s a much better option etc... Just keep your eye on the prize.
  - iaskwhy 16y ago
    I'm on this journey with two friends and they just waste all the money on expensive restaurants and wine, it's crazy. Then they will say something like "Yeah but this bill is only x hours of work!" but then you end up with almost no money because when you don't know how to save then it's really easy to waste it all that way. Now I'm just the opposite, I have a really hard time wasting money. By now I never had so much money in my life and still I'm completely unable to buy a Macbook Air* or something similar... I've been having some hard time trying to make my brain understand that it is quite okay to pay $30 for some dinner every once in a while. Does anyone else have this "problem"? * Which, by my friends' reasoning, is just three days of work, at most.
    - keeptrying 16y ago
      Every Asian and every indian has the same "problem" :)... It helps if your job sucks like crazy (but also pays well). In that situation it becomes very clear that only savings will get you out of there. Dinner out with friends once in a while is a good thing though.
    - mahyarm 16y ago
      If you have less time than money and getting more time gives you more money (even in indirect ways such as more/better sleep, exercise and food =better work), it just becomes a business decision.
    - HeyLaughingBoy 16y ago
      Does anyone else have this "problem"? Yes, or at least used to: I outgrew it. I think part of it came from being raised by a single mom and being very aware of how important money was. Once I had more of it than I needed, I simply didn't know what else to do besides bank it or invest it and the thought of spending made me break out in hives. At some point, though, you realize that having nice things doesn't mean you're wasting your money or that you're going to be homeless next week. Life is about balance. Be good to yourself, but be careful.
ig1 16y ago
It happens all the time in London, you see a lot of ex-finance people in the startup scene.
keeptrying 16y ago
That's true that you don't see it but does happen. I did it. If you have a burning desire to start a company, that desire never goes away. Because og green card issues I could only make the jump after 7 years...
- mnutt 16y ago
  Good point, I guess I knew a few people who wanted to quit and start a startup or work for a startup but their green cards hadn't quite come through yet.
  - keeptrying 16y ago
    Hey, you going to the hackers Meetup tomm in NYC? I might see you there.

beck5 16y ago

I believe Yipit started this way.