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Author Topic: Blog Essay: 5 Reasons Why Recent Graduates Should NOT Found Startups  (Read 3373 times)
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« on: October 09, 2006, 06:02:38 PM »

Blog Essay: 5 Reasons Why Recent Graduates Should NOT Found Startups
Visit the link for the full essay - definitely food for thought, and the comments about marketing being an important part are particularly relevant and troubling..

Mike writes consistently well and on important subjects.  Here he is responding to an essay by Paul Graham.

Startups certainly require an inordinate amount of hard, thankless work, flexibility, and spendthriftness. It is rare to find suitable startup conspirators in your day-to-day life when you are working an “adult” job, and “ignorance” is helpful in that you don’t know enough not to try.
Still, there are several things that work against young entrepreneurs. Here is a list of five:

  • They Don’t Know the RIGHT People
  • They All Have the Same Ideas
  • It’s the Marketing, Stupid
  • Kids are Flaky
  • Kids are Good Pirahna Bait

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« Reply #1 on: October 10, 2006, 01:05:45 AM »

Excellent commentary, highly recommended read. I think he concludes with some interesting, if slightly vague advice: get into the job market, see what it's like, give yourself some stability, and start your "thing" on the side. If it gets to the point where it becomes more clear that it may take off, then maybe you can quit your day job. But if it never gets there you still have your day job stability. It does mean most likely sacrificing your nights and weekends for a year or something, but it's worth it to maintain both stability (and possibly earn startup funds of your own) and afford yourself comfortable time (due to stability) to work on your thing. Now this does have the unwanted side effect of possibly not providing as much motivation since the startup is not your sole source of potential support. However if you invest significant portions of your day-job earnings into it that can easily be taken care of. Wink

So, the hybrid approach. It seems to work at least as well as the "balls-to-the-wall" startup from scratch approach, and it has much less of a potential crash if it fails. Risk is good, but unnecessary risk is just stupid. There are no rewards for stupidity. cheesy

- Oshyan

The New Adventures of Oshyan Greene - A life in pictures...
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