Ask HN: Why is it so hard to quit a corporate job to a startup?
I am 24, and have been working for 3years in a major US software company. Very excited at first, I learned a lot, but feel like the sparkle has gone away. I am not particularly passionate about my current project, and have many ideas/projects I would like to pursue on my own. I try do during my free time, but it is very hard while working full time. Also, with this entrepreneurial dream in mind, I have been saving up money (~$100k) to make up for potential periods with limited income.
So a part me, definitely wants to quit, and give it a try. But another part of me is confused in terms of how to stay in the US for a startup (I'm under H1B). Finally, the biggest worry is whether I am foolish to throw away, in this though economy, a very respectable situation with good work, good salary, and exciting projects from an absolute perspective.
Have you ever felt the same, and how have you dealt with this feeling? Thanks!
-Donito
13 comments
[ 4.5 ms ] story [ 33.6 ms ] threadAll that is besides the point, as many will tell you. Not all start ups succeed. I mean in the financial sense. Many fail. Unfortunately most of us here like to talk of the good stuff to keep ourselves motivated. We don't talk about failed start ups frequently and with harsh criticism. All this creates a sense that start ups are a sure shot way of getting rich. That seems to be hardly the case, and successful start ups end up being outliers.
Also MegaCorp work is not that bad, If you can outshine most of your peers you can make good deal of money. Everybody knows that if you can keep your focus, make good decisions, take some occasional risks and are more productive than others you are going to successful anywhere. But 'more productive' is really in your hands and that sort of really depends on your hard work.
Besides these days you can work full time and still do a lot of other stuff like app development for mobile phones and tablets. There are plenty of good open source projects to work on. So on the learning side you can do a lot even without joining a start up.
At BigCo Inc, outshining others does not mean just working well. Playing the right cards, being in the right networks (and the right books of those in power) matter a lot. ;) As they say, only when powered by right mindset and driven by right ambitions could one reach the next level.
Use your job to fund the building of your product. You rent your body out for 8 or 9 hours a day, make it work for you as much as possible and hire someone to write code while you work and sleep. This means you can spend your free time marketing (yes, before you launch) and you'll drastically increase your chances of success.
I read this a while ago:
http://blog.asmartbear.com/working-startup.html
I can't even comprehend having 100k in the bank. There are many reasons which make it difficult to quit, but one of them is definitely fear of not feeding yourself. Sit down and honestly evaluate your budget. Unless you have kids and a mortgage (which at 24 I'm guessing you don't), I can almost guarantee your 100k will last you at least a year while still eating like a human being.
As an aside, there are many ways to go have a more fulfilling career that don't involve betting everything on a startup. You could do freelance work, or develop micropreneurial apps, or spend some time learning new skills and then finding a more exciting desk job.
Can't help you on the visa though, I'm not familiar with how that works.
At the end of the day you know yourself better than anyone else and if you can handle it or not. but just make sure to do it now before marriage, kids come in and add more problems!
good luck
Doing a startup is much harder than this problem of time or focus.
Many people are not good with anxiety/uncertainty about income, and you have additional issue around your visa. And remember doing startup has two costs - first is the opportunity cost of the income you are no longer making, second are any real costs around your business beyond your sweat equity.
If you have a solid day job, one option is to moonlight or work on your night-time project (non-competitive to day job) until you start to see traction or revenue around the idea, then you can make a decision to bail on the day job to be full time on your startup to scale it. There is no sure time frame for getting to that point. But maybe it will be different way for you to think about night hours, that you are experimenting with ideas, not trying to do two jobs at once indefinitely.