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It's never mentioned in the article, but this only applies to the "Get Big Fast" flavor of Startup. Where you're hoping for a big payout in 4 years time if yo
by jasonkester 15y ago
It's never mentioned in the article, but this only applies to
the "Get Big Fast" flavor of Startup. Where you're hoping for a big payout in 4 years time if you sacrifice every waking hour between now and then building as fast as possible.
So when it concludes that you can't build something small and profitable, and that you can't do anything other than work yourself into the ground, it's just restating its assumptions as conclusions.
If, on the other hand you're looking for something to replace your $150/hr consultant gig, you absolutely can build something small that brings in a little profit. And you absolutely can build that thing without working "harder than is healthy".
I keep a spreadsheet that tracks the hours I've worked on my startup alongside the profits it has made. It tells me exactly how much my time has been worth for the hours I've spent working on the thing in the last 4 years. And it's creeping up to look like a respectable consulting rate.
- toumhi 15y agoBootstrapping solo founder here. It's kind of overwhelming if all you do needs to be valued at $1000/hour. It sounds more like it could be used as an excuse not to do anything: "I can't figure something I can do that would be valued $1000/hour" => better to keep going at the current job. I've been doing the startup thing for 5 months now, but as it's my first experiment, I don't think I've created $1000/hour stuff so far. Still, I don't see it as a problem. The idea is to value your time, yes, but you should also value intangible things like what you're learning doing this startup for example (which give you an edge for this one or the next startup).