Don't Quit Your Job
If you're an SWE thinking about quitting your job to build your startup, do not do it in this economy. I used to read posts like this and scoff at them, especially since I had already founded and sold a semi-successful startup. VCs are super selective towards anything non AI at the moment which results in very lowball offers, b2b isn't viable as it used to be because businesses don't have that kind of money anymore, many of which are even laying off their employees.
I had a sweet job at a NY based unicorn and I was among the highest paid in my country. I quit it thinking worst case scenario, I would just freelance till something works out, but alas, that market is flooded with layed of swe's which are driving the prices to the bottom. I can't believe just how fast things change when you're jobless and nothing works out. I finally gave in and applied to a few jobs but didn't get a call from companies who were reaching out consistently to me some time ago. So don't make the same mistake I did, especially if you have responsibilities of any kind. Stay safe and keep working on that project on the side.
16 comments
[ 3.0 ms ] story [ 40.9 ms ] threadYou sold it, but continued to control it and pay for it, and then also made it free? How does that work? What did you sell exactly?
Only asking because others may be as confused as I am :)
Also about AI ... the VCs want you to at least have AI strategy for your startup. In other words, does your startup do something that can be smashed by a single additional feature by one of the big AI softwares.
Also it helps to keep 3-4 years of runway.
…with that, I am starting to seriously plot a bootstrapped startup, as it’s just taking a long time to find a job and I might as well go and build something.
currently rethinking careers and connecting with folks interested in starting something.
It’s an adventure. I did it for the learning and the growth, and the great technology hacking. Not to have a job :)
J