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It sounds to me like your expectations are way out of whack. I’ve seen friends, acquaintances, and colleagues become entrepreneurs. Without an exception, every

by HEmanZ 4y ago

It sounds to me like your expectations are way out of whack. I’ve seen friends, acquaintances, and colleagues become entrepreneurs. Without an exception, every one that has a serious social media presence is a fraud. They have a company that is either money losing or fed by their parents. They pretend to be entrepreneur geniuses on social media but really have done nothing but basically be instagram models. The people I know who have successfully started companies are nothing like this. They usually have industry experience directly involved with or at least closely related to what they start (e.g “my company has to do this ourselves every time but we’d definitely hire it out if we could”). My advice would be stick to climbing in whatever industry you think you’ll enjoy most and just keep your eyes open. Worst case scenario you’ll have a good career

trollerator23 4y ago
Excellent advice
icedchai 4y ago
Also one needs to keep in mind that many startup "successes" are actually either negative or neutral outcomes. I know several "acquisitions" where the end result was investors making negative returns (receiving back pennies-on-the-dollar, if anything.) Meanwhile, the former CEO gets a cushy job as an advisor at the new place, announcements all over social media, etc. The actual companies barely had any revenue.
- aledalgrande 4y ago
  Yep so called firesales. One of the companies I worked at sold so low all employees options were worthless. But they were in the news and they had been on Deloitte’s fastest growing startups for a few years (never reached profit).
- gdog21 4y ago
  This was the case with Rancher being acquired by SUSE. The financials were so out of whack for a normal acquisition but SUSE had a dire need to acquire a k8s company and Rancher wanted to exit and now the board has huge regrets over spending so much on something thats brought so little value to the business!
Saulivar 4y ago
[flagged]
- rapind 4y ago
  When can I buy your ebook?
  - Saulivar 4y ago
    There is no ebook. But there's my old email sequence I used to have back when I was writing to software developers. Contact me via email if you want me to put you on that list. It's got tons of amazing ideas.
maldie 4y ago
Agreed, expectations are everything or at least very important to keep sanity in this area. Reality is that big majority of startup-s do fail to "make it" 90% of time to even be self sustaining. Financially meaning that you pay from your pocket overall and the resources have to come somewhere, day job or whatever, making it very much overwhelming and can break even a strong man. Only small percentage out of those 10% actually make it to sustainable enough to live by. Percentages can begin to rise on your favour after learning from failures but there is of course no guarantees, some domains are inherently much less forgiving or have fierce competition. It is important to resarch and understand the landscape you're going into. If you realise your odds then mindset starts to get clearer, you know what you risk losing and accept that loss is likely, you still put enough effort to win but don't set your mind so deep that everything collapses with the project. It might be contrary to some suggestions that you have to put everything into startup to have a chance but that is also correct imo, you do have to be able to invest all your available time on the project. Keeping in mind that the project is not absolute everything in life and being able to walk away at right time as to not sunk endless resources to unfruitful endeavour keep you healthier.

by HEmanZ 4y ago

trollerator23 4y ago

Excellent advice

icedchai 4y ago

Also one needs to keep in mind that many startup "successes" are actually either negative or neutral outcomes. I know several "acquisitions" where the end result was investors making negative returns (receiving back pennies-on-the-dollar, if anything.) Meanwhile, the former CEO gets a cushy job as an advisor at the new place, announcements all over social media, etc. The actual companies barely had any revenue.

aledalgrande 4y ago
Yep so called firesales. One of the companies I worked at sold so low all employees options were worthless. But they were in the news and they had been on Deloitte’s fastest growing startups for a few years (never reached profit).
gdog21 4y ago
This was the case with Rancher being acquired by SUSE. The financials were so out of whack for a normal acquisition but SUSE had a dire need to acquire a k8s company and Rancher wanted to exit and now the board has huge regrets over spending so much on something thats brought so little value to the business!

Saulivar 4y ago

[flagged]

rapind 4y ago
When can I buy your ebook?
- Saulivar 4y ago
  There is no ebook. But there's my old email sequence I used to have back when I was writing to software developers. Contact me via email if you want me to put you on that list. It's got tons of amazing ideas.

maldie 4y ago

Agreed, expectations are everything or at least very important to keep sanity in this area. Reality is that big majority of startup-s do fail to "make it" 90% of time to even be self sustaining. Financially meaning that you pay from your pocket overall and the resources have to come somewhere, day job or whatever, making it very much overwhelming and can break even a strong man. Only small percentage out of those 10% actually make it to sustainable enough to live by. Percentages can begin to rise on your favour after learning from failures but there is of course no guarantees, some domains are inherently much less forgiving or have fierce competition. It is important to resarch and understand the landscape you're going into. If you realise your odds then mindset starts to get clearer, you know what you risk losing and accept that loss is likely, you still put enough effort to win but don't set your mind so deep that everything collapses with the project. It might be contrary to some suggestions that you have to put everything into startup to have a chance but that is also correct imo, you do have to be able to invest all your available time on the project. Keeping in mind that the project is not absolute everything in life and being able to walk away at right time as to not sunk endless resources to unfruitful endeavour keep you healthier.