The Careers Thread

[Ne0]

Anyone here a startup founder/entrepreneur ? 

 

Was watching shark tank (India) and every season gives me so much of energy and motivation to start something of my own, but once the season ends I just forget about it and shift the focus back to my corporate job lol 😂 
 

If there are any entrepreneurs here, curious as to know what’s the daily grind like 🧐 ? And what exactly motivated to take the leap into the startup world ?

[KunjanPSD]

17 minutes ago, Ne0 said:

Anyone here a startup founder/entrepreneur ? 

 

Was watching shark tank (India) and every season gives me so much of energy and motivation to start something of my own, but once the season ends I just forget about it and shift the focus back to my corporate job lol 😂 
 

If there are any entrepreneurs here, curious as to know what’s the daily grind like 🧐 ? And what exactly motivated to take the leap into the startup world ?

Not a founder/entrepreneur.

 

But have been working in a small startup for the last 2 years with sizable equity and skin in the game (i.e. giving up higher packages in the process).

 

Unless if you belong to that 0.001%, you are looking at a string of failures with a few successes sprinkled through.

 

80% of your company will be built in the first 6-18 months (depending on the domain) and then you will spend the rest of your time optimizing and selling it.

 

It's really about learning from your failures (cliched) and making sure that the one time you hit the nail, it amounts to 1000x of all of your past failures combined.

That is if the market supports you and if you have a good enough product.

Luck plays a major role either way.

 

Generally people blame their luck for any failure in their life but when they hit gold, they only attribute it to their own hard work.

You can be fooled by the randomness.

 

That's what it is all about, randomness and uncertainty about the future, each and every day. But each time you fail, you reinforce the structure and make your company anti-fragile.

That calls for hard work and believe but also not being delusional, if something is not working, kill it.

 

As for your 2nd question, it can be fueled by various factors like money, hate for corporate life or just wanting to build something of your own.

[Ne0]

25 minutes ago, KunjanPSD said:

Not a founder/entrepreneur.

 

But have been working in a small startup for the last 2 years with sizable equity and skin in the game (i.e. giving up higher packages in the process).

 

Unless if you belong to that 0.001%, you are looking at a string of failures with a few successes sprinkled through.

 

80% of your company will be built in the first 6-18 months (depending on the domain) and then you will spend the rest of your time optimizing and selling it.

 

It's really about learning from your failures (cliched) and making sure that the one time you hit the nail, it amounts to 1000x of all of your past failures combined.

That is if the market supports you and if you have a good enough product.

Luck plays a major role either way.

 

Generally people blame their luck for any failure in their life but when they hit gold, they only attribute it to their own hard work.

You can be fooled by the randomness.

 

That's what it is all about, randomness and uncertainty about the future, each and every day. But each time you fail, you reinforce the structure and make your company anti-fragile.

That calls for hard work and believe but also not being delusional, if something is not working, kill it.

 

As for your 2nd question, it can be fueled by various factors like money, hate for corporate life or just wanting to build something of your own.

Thanks, although I’ve read so much and watched so many yt videos on the topic, hearing from actual ppl with ‘skin in the game’ like you said is always interesting.    BTW, how much is the love/passion to money ratio among the co founders where you’re working?  
 

I’ve always read that if money is the primary motive one tends to give up sooner than later especially when the going gets tough! Also perhaps why I’ve never taken the leap, haven’t found any such subject which I’m so passionate about (sufficient enough to give up a day job and dedicate a majority of my waking hours towards) !

[KunjanPSD]

9 minutes ago, Ne0 said:

Thanks, although I’ve read so much and watched so many yt videos on the topic, hearing from actual ppl with ‘skin in the game’ like you said is always interesting.    BTW, how much is the love/passion to money ratio among the co founders where you’re working?  
 

I’ve always read that if money is the primary motive one tends to give up sooner than later especially when the going gets tough! Also perhaps why I’ve never taken the leap, haven’t found any such subject which I’m so passionate about (sufficient enough to give up a day job and dedicate a majority of my waking hours towards) !

One founder wants to sell the company for $500M while the other wants it to go to IPO and take on Amazon/Google.

 

I won't say a person motivated via potential monetary impact will give up sooner.

Financial freedom is a dream as well, never thinking about your bank balance again in your life? That's amazing.

 

If you have an idea which can create value for you (even if it's monetary) and you believe in it, there is nothing wrong in pursuing it.

One just needs to be sure about the pain point they are solving and that the use-case is solid.