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Counterpoint to starting a business: the founder of Nvidia, who is worth tens of billions, says if he had it to do over again, he wouldn't. Starting and runnin

Counterpoint to starting a business: the founder of Nvidia, who is worth tens of billions, says if he had it to do over again, he wouldn't. Starting and running a business takes a tremendous toll. https://www.forbes.com/sites/julianteicke/2023/10/28/jensen-huang-wouldnt-start-nvidia-if-i-had-to-do-it-over-again/?sh=7b59e556306a https://www.forbes.com/sites/julianteicke/2023/10/28/jensen-... If you insist on proceeding... Validate demand first; once you find something you're sure people want, you know a great deal about these people and enjoy working with them. You're sure you can find lots of them, and you find the core problem you're working on fun and interesting. My dad told me... "A successful business is when you can do something badly and people will still pay you for it." That's key in a startup because it takes a long time and a lot of money to do most things well, so you need customers who will settle for ok. Good luck!

MuffinFlavored 3y ago
> Validate demand first; Some people just don't want to have a boss/want to solve new problems every day even if it isn't the most "efficient" thing they can do with their time in terms of ROI
- ElevenLathe 3y ago
  Even if that's all you want, you need to be sure someone somewhere will pay you, and that you have some hope of getting them to do so. Otherwise, it's not a business, just a hobby you're hoping will pay your rent.
  - BadHumans 3y ago
    Being a self-employed contractor is running a business.
    - ElevenLathe 3y ago
      Right, and I wouldn't quit my job to be a self-employed contractor without having a contract. That's validating demand.
0xNotMyAccount 3y ago
Beware of wealthy people saying they wouldn't do it again. They are just validating their own lifestory: it was hard, incredibly hard. Implicit in that statement are approximately 8 billion other statements, where they believe they suffered more than than every other individual on Earth who makes less than them.
- jacknews 3y ago
  Exactly, would he really rather be another worker drone, perhaps desperately looking for a job, having been 'let go' by the latest round of owner-class imposed austerity, and perhaps facing looming unpayable rent bills etc?

MuffinFlavored 3y ago

> Validate demand first; Some people just don't want to have a boss/want to solve new problems every day even if it isn't the most "efficient" thing they can do with their time in terms of ROI

ElevenLathe 3y ago
Even if that's all you want, you need to be sure someone somewhere will pay you, and that you have some hope of getting them to do so. Otherwise, it's not a business, just a hobby you're hoping will pay your rent.
- BadHumans 3y ago
  Being a self-employed contractor is running a business.
  - ElevenLathe 3y ago
    Right, and I wouldn't quit my job to be a self-employed contractor without having a contract. That's validating demand.

0xNotMyAccount 3y ago

Beware of wealthy people saying they wouldn't do it again. They are just validating their own lifestory: it was hard, incredibly hard. Implicit in that statement are approximately 8 billion other statements, where they believe they suffered more than than every other individual on Earth who makes less than them.

jacknews 3y ago
Exactly, would he really rather be another worker drone, perhaps desperately looking for a job, having been 'let go' by the latest round of owner-class imposed austerity, and perhaps facing looming unpayable rent bills etc?