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I've also pondered how these sorts of VC things work. Are they just targeted towards people fresh out of university who can afford to live cheaply? Seems a lost

by chubs 5y ago

I've also pondered how these sorts of VC things work. Are they just targeted towards people fresh out of university who can afford to live cheaply? Seems a lost opportunity to hire experienced (expensive) people who can execute with no problems. For instance, what if say 2 experienced people went in on a startup, simply paying themselves out of eg that 500k - 125k each per year? For instance in australia that'd almost be competitive vs just taking a normal software job if you're experienced. I'm just curious how these things work :)

tppiotrowski 5y ago
You take a pay cut. In return you get to be a decision maker and drive the mission of the company. I worked a few years at a high paying job (about $100K), am single and can forgo some luxuries. I did a startup with some friends because we enjoyed hanging out and could afford to work for free. I worked on contract for $6K a month. No benefits.
- chubs 5y ago
  Just curious what people do once they're at a stage in life (eg kids) where taking a paycut isn't very doable? Do they simply bow out of the startup world? I wonder if people at that stage have the experience to execute startups very effectively, i wonder if there's a structural weakness in how startups are financed that with a bit more capital (and there should be plenty of that sloshing around with governments printing like crazy) they could execute far better. I dont have fully formed thoughts on this of course :)
  - clpm4j 5y ago
    Yes, unfortunately, that seems to be the case. I've had some startup colleagues who were married with young kids, but it was rare, and often the case that their partner had a stable well-paying job. The risk simply becomes too much of a burden at a certain point in life, for most people.
  - lazide 5y ago
    The other alternative? Be rich/have a huge nest egg, or get to seed round type funding stage super early - aka actually know how to execute on a startup. Most sane people just don’t do startups though if they are in that position.
  - selcuka 5y ago
    I believe that's how solo entrepreneurship and side hustle culture was born.

by chubs 5y ago

tppiotrowski 5y ago

You take a pay cut. In return you get to be a decision maker and drive the mission of the company. I worked a few years at a high paying job (about $100K), am single and can forgo some luxuries. I did a startup with some friends because we enjoyed hanging out and could afford to work for free. I worked on contract for $6K a month. No benefits.

chubs 5y ago
Just curious what people do once they're at a stage in life (eg kids) where taking a paycut isn't very doable? Do they simply bow out of the startup world? I wonder if people at that stage have the experience to execute startups very effectively, i wonder if there's a structural weakness in how startups are financed that with a bit more capital (and there should be plenty of that sloshing around with governments printing like crazy) they could execute far better. I dont have fully formed thoughts on this of course :)
- clpm4j 5y ago
  Yes, unfortunately, that seems to be the case. I've had some startup colleagues who were married with young kids, but it was rare, and often the case that their partner had a stable well-paying job. The risk simply becomes too much of a burden at a certain point in life, for most people.
- lazide 5y ago
  The other alternative? Be rich/have a huge nest egg, or get to seed round type funding stage super early - aka actually know how to execute on a startup. Most sane people just don’t do startups though if they are in that position.
- selcuka 5y ago
  I believe that's how solo entrepreneurship and side hustle culture was born.