3 ms·

The truth about starting startup in the Silicon Valley bubble, there are many ways to start a business and pursuing what you believe without slaving once self a

The truth about starting startup in the Silicon Valley bubble, there are many ways to start a business and pursuing what you believe without slaving once self at work and ignoring their teeth for a decade.

laurent92 6y ago
The thing is, an immense market has opened because of Internet in general, and it is up for grabs. In 20, 30 years, we may meet economic shrink and we’ll be in a replacement market instead of an investment market. By then, Tracy will own a territory in this market, others won’t. She’s digging a place for her and her descendents. It’s extremely tempting to grab the land that is available, as it has real consequences on the future.
- achairapart 6y ago
  This reminds me of that story about the gold rush and people selling shovels...
- lifeisstillgood 6y ago
  This. My risk profile and my fomo are in constant conflict
- fisf 6y ago
  Predicting the economic future 20-30 years down the line is very ambitious, even more so because markets are changing faster then ever. I don't think that trying to dig a place over this timescale, given this uncertainty, should be a justification to sacrificing a big chunk of your life -- very few companies can expect to survive so long. So, basically, if you are not seriously rich by that time, the additional effort might not make a difference. There are reasons to invest one's life into a business (loving what you do, belief in doing the right thing, adding to the world, etc.), but market forces should not be on this list.
- toyg 6y ago
  Looking back 20 years, occasionally I have the same view: “if only I had stuck to X, I’d be a millionaire now”. But the truth is that I just wasn’t built for X, I would have been just another one of those 90% of businesses that fail, and cutting my losses by getting a regular “salaryman” job gave me the peace of mind to focus on what I actually like - which often happens to be coding for the pleasure of it. 20 years ago we thought Internet Explorer would be the last browser we’d ever use, and... it just wasn’t. The network effects enabled by the internet, when triggered in the right way at the right time, can sweep through established markets faster than in most other sectors, and it will probably continue to be like that for a very long time.
- aogaili 6y ago
  Market is volatile specially these days, it is in constant churn. Who knows what will happen in 20, 30 years? There are many niche, local markets, there are many opportunities to innovate. But still you don't need to slave yourself to work to get those markets, I can't buy her message that starting a startup would require a complete self sacrifice for a decade. Then she says the most important thing is relationships, yet in the same interview she said you can't see your friends and family etc. Sorry, that is a very dysfunctional way to live for a long time.
- aogaili 6y ago
  There is also this elitist vibe that comes from posts like these. The message is that she've worked so hard, she is extremely passionate, and she is willing to neglect her family and her teeth to pursue what she has in mind, therefore she is more worthy of the success then others. Truth is, there are many factors in play, lots out the control of the people and few are, working hard is a really minor factor, many people work hard everyday, they get nowhere really. Also, a lot those founders climb on the shoulders of many workers and investors (like the wework guy)...I'm not a fan of this culture at all.
ignoramous 6y ago
If anyone's interested, here's Nithin Kamath, founder of India's largest brokerage firm, on bootstrapping a multi-billion dollar fintech business: https://youtu.be/1ExWh4zm1zg https://youtu.be/1ExWh4zm1zg (the major theme is they preferred to run the business on their own terms and pace).

laurent92 6y ago

The thing is, an immense market has opened because of Internet in general, and it is up for grabs. In 20, 30 years, we may meet economic shrink and we’ll be in a replacement market instead of an investment market. By then, Tracy will own a territory in this market, others won’t. She’s digging a place for her and her descendents. It’s extremely tempting to grab the land that is available, as it has real consequences on the future.

achairapart 6y ago
This reminds me of that story about the gold rush and people selling shovels...
lifeisstillgood 6y ago
This. My risk profile and my fomo are in constant conflict
fisf 6y ago
Predicting the economic future 20-30 years down the line is very ambitious, even more so because markets are changing faster then ever. I don't think that trying to dig a place over this timescale, given this uncertainty, should be a justification to sacrificing a big chunk of your life -- very few companies can expect to survive so long. So, basically, if you are not seriously rich by that time, the additional effort might not make a difference. There are reasons to invest one's life into a business (loving what you do, belief in doing the right thing, adding to the world, etc.), but market forces should not be on this list.
toyg 6y ago
Looking back 20 years, occasionally I have the same view: “if only I had stuck to X, I’d be a millionaire now”. But the truth is that I just wasn’t built for X, I would have been just another one of those 90% of businesses that fail, and cutting my losses by getting a regular “salaryman” job gave me the peace of mind to focus on what I actually like - which often happens to be coding for the pleasure of it. 20 years ago we thought Internet Explorer would be the last browser we’d ever use, and... it just wasn’t. The network effects enabled by the internet, when triggered in the right way at the right time, can sweep through established markets faster than in most other sectors, and it will probably continue to be like that for a very long time.
aogaili 6y ago
Market is volatile specially these days, it is in constant churn. Who knows what will happen in 20, 30 years? There are many niche, local markets, there are many opportunities to innovate. But still you don't need to slave yourself to work to get those markets, I can't buy her message that starting a startup would require a complete self sacrifice for a decade. Then she says the most important thing is relationships, yet in the same interview she said you can't see your friends and family etc. Sorry, that is a very dysfunctional way to live for a long time.
aogaili 6y ago
There is also this elitist vibe that comes from posts like these. The message is that she've worked so hard, she is extremely passionate, and she is willing to neglect her family and her teeth to pursue what she has in mind, therefore she is more worthy of the success then others. Truth is, there are many factors in play, lots out the control of the people and few are, working hard is a really minor factor, many people work hard everyday, they get nowhere really. Also, a lot those founders climb on the shoulders of many workers and investors (like the wework guy)...I'm not a fan of this culture at all.

ignoramous 6y ago

If anyone's interested, here's Nithin Kamath, founder of India's largest brokerage firm, on bootstrapping a multi-billion dollar fintech business: https://youtu.be/1ExWh4zm1zg https://youtu.be/1ExWh4zm1zg (the major theme is they preferred to run the business on their own terms and pace).