Hifi job or start own startup?
I am 34, BU Head at mid size startup, 1Cr+ CTC and 3Cr ESOP. Tier 1 MBA+Engg. Still 5yrs away from financial freedom. Startup founders who have taken similar jump what would say? Was it worth it? If yes, any tips on finding start up ideas.
SaveBugs
Stealth
a year ago
If I were at your position, I would stick to the job.
BingoMadAngles
Stealth
a year ago
"Tips on finding startup ideas " 🤧
SameChange9
Stealth
a year ago
Honestly, didn’t understand the emoticon. 😩
Throw more light pls.
Qwerty2398
Stealth
a year ago
Stealthy bragging... you wont quit.. probably never will.
How are you 5 years away from financial freedom? How are you defining it?
SameChange9
Stealth
a year ago
Basically a threshold basis current burn & inflation and a rough estimate on how long will I live. Will need 5yrs for this.
My Honest take on your query @SameChange9 .
1. Check YC Startup School for basic groundwork on finding ideas
2. Work on your startup alongside your day job coz financial freedom is an issue.
If you get a residency program like Antler etc. Then you re good to leave the day job.
3. Startups can be exciting in terms of solving the problem but slogging it to make mainstream is very lonely and tiresome . If financial burden isnt there, this is the right time to get into startup !!!
citron
Student
a year ago
Yo could you share what ur role was after the MBA, I'm planning to do an MBA next year
SameChange9
Stealth
a year ago
I started with sales and took business roles. But post MBA journey is diff for everyone. Luck plays a big role. You shld find ur own path. Thnx.
Vance
Stealth
a year ago
Bro looks like you’re already part of the matrix. Would be difficult for you to jump. :)
Both of them parallely. If there are indications of startup surviving/doing good, then you know what to do.
Even Accel, Lightspeed also has some startup school type ptograms which are free and at-your-own-pace types
Elix
Stealth
a year ago
If you really want to do it, you do it. Else stop fooling around. It takes a lot to startup, including financial sacrifices.
But life isn't only about money..don't live to regret a day when you say you could start up. 2 years gone in a startup even if it doesn't work out is an experience to be happy and proud about, never mind the money.
Left a similar job a few months back. Though I have been struggling to get started on my own start-up and thinking of getting back to work. The money coming in every month is super addictive and I'm missing it already even though I used to think I wouldn't care
Node
Stealth
a year ago
Humblebrag.
If you are willing we can collaborate and do. I am looking for the investors to develop the job portal website along with iOS and Android apps.
Thanks in advance
NiceWork
Student
a year ago
@SameChange9 what MBA did you do? 1 year or 2 year?
SameChange9
Stealth
a year ago
1yr.
NiceWork
Student
a year ago
Can you please tell from which college? And what was your yoe when you did your MBA?
Is the startup going public soon or do they plan to go public in the next 3-5 years? If yes, wait. Cash out, then go big with a cushion to land on, if things go awry
If you have 8 Crore+ networth, better start sooner. Also, if you can get a seed stage funding, even 4-5 Crore type enough. More important question do you have any idea you can’t wait to execute?
SameChange9
Stealth
a year ago
Thanks all for inputs. So it seems here is what I shld do:
1) find an idea
2) start small along with the job
3) take seed
4) jump ship
Gonna be difficult with current job. But then nothing is easy.