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That's a particularly cynical response to something I consider to be incredibly positive, but I think there's a lot of scar tissue in the industry from bad beha
by dpcheng2003 13y ago
That's a particularly cynical response to something I consider to be incredibly positive, but I think there's a lot of scar tissue in the industry from bad behavior so you may be right to be wary.
Let me tell it from my perspective. I was a finance guy whose only coding experience was a couple of CS classes in college and some excel coding at my job in ibanking. When I decided I wanted to start a company, the first thing I did was spend three months of teaching myself how to do some basic coding. I did the Udacity classes and Codacademy. I read up stuff online and did bash tutorials. I spent 4-6 hours a day doing this because I wanted to be serious.
Today, I'm the CEO of a lightly-funded startup that just got our TechCrunch bump last week. I do all the front-end design and development because of resource restraints (I'm okay at it; not great). But the biggest takeaway from learning to code was not the work itself, but how to talk to developers and manage their time and resources. When I draw up requirements for our dev team, I have a baseline knowledge of what's easily do-able, what's quick vs. what's long, what we can hack and what we need to build to scale. If I started a company in China, I'd expect to learn a little Chinese. Why isn't this the case for people who work in technology?
Now back to the President's announcement. As he stated, software is eating the world and if we want a generation of consumers to have some knowledge of how their world works, then a baseline education in software is critical. Thanks for reading.
- tslathrow 13y agoWhy'd you leave IBD/VC?
- dpcheng2003 13y agoBefore, I built pitch books and excel models and funneled money from one place to another, taking a cut. Today, I build websites that democratize content (okay that's a bit hyperbole). I just feel better about my life choices now that I'm building something substantive. Being an entrepreneur is a great experience for anyone who can cut it. I also think it should be a necessary pre-req for investors to be a founder at least once. I do miss the money and lifestyle though...
- tslathrow 13y agoI was curious because I recently finished my two analyst years in ibd (@ a bb), but switched into PE instead of a startup, which I was considering. Always interesting to hear the other side.