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My best advice: - Buy some rental properties with your money. This will prevent you from burning through your cash based on your passion for your startup ideas
by paulsutter 15y ago
My best advice:
- Buy some rental properties with your money. This will prevent you from burning through your cash based on your passion for your startup ideas, give you income to live on, and give you a certain secure, prudent confidence.
- Use your own cash very sparingly to create and test your MVPs. That's a plural.
- Other People's Money is very important validation of what you're working on. Investors give little meaning to how much of a founder's own money has been spent on a project, so why burn down your savings?
- Learning Python and front-end coding is a great idea. Even if you dont become a great developer, it will increase your understanding of developers and increase your cred with them.
- Read lecture 9 in Peter Thiel's Stanford course, and the excellent article posted here on being a "Growth Hacker".
- Be courageous, fail fast, break things, and enjoy. Keeping your financial house in stable order is a great way to feel confident and stay on an even keel through the rollercoaster that is startupland.