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I made this jump in 2019. To some of the points made here: 1. You need to understand why you want to do a startup. "Building something of my own...": why do
by kenrose 5y ago
I made this jump in 2019. To some of the points made here:
1. You need to understand why you want to do a startup. "Building something of my own...": why do you want to do that? Why is that important to you?
2. Find a problem (market) you love, not a solution (product). You will be working on that problem for the next 10 years.
3. Talk to startup founders who have failed. There is a lot of celebrated romanticism of successful founders. 90%+ of startups fail though. Those failed folks are pretty smart and capable, but it's an uphill battle. If you've typically succeeded at tasks you set out at, startupland can be a big ego hit.
4. Is there a hybrid approach? One failed startup founder I know decided to work at Amazon after and try to grow a division there. He was successful in that. He took it from <$10MM to >$100MM as a GM. Zero to one is hard.
5. There's a lot of unglamourous stuff. e.g., all things legal and finance. If/when you hire people, you need to also focus on management and growing your folks.