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  1. Chris Kelsey

    How I (didn't) become a millionaire at 19

    HOT! 
    http://www.pressdemocrat.com/news/5460804-181/former-maria-carrillo-student-founds http://www.bizjournals.com/sanfrancisco/print-edition/2016/04/29/after-quitting-high-school-entrepreneur-finds.html This is literally one of my first posts, I've been answering questions as they come. I also...
  2. Chris Kelsey

    How I (didn't) become a millionaire at 19

    HOT! 
    What I want to ask is, are you sure you even need an app? If you're testing an MVP and can do it just on a website, it could be a lot cheaper. I personally have never found good developers who are willing to code for just equity, can it happen? Yes, but literally I've had a ton of people come...
  3. Chris Kelsey

    How I (didn't) become a millionaire at 19

    HOT! 
    Most now say that I was right in doing what I did. There is a small amount, maybe 5% that still say I should've finished high school.
  4. Chris Kelsey

    How I (didn't) become a millionaire at 19

    HOT! 
    Thank you Mikkel, I started coding websites when I was 13 but I was never a "professional" programmer. I know some of the basics of app development, but I'm not an app developer. I had a different developer I knew overview the code to make sure it was done properly.
  5. Chris Kelsey

    How I (didn't) become a millionaire at 19

    HOT! 
    @Scot Originally I subcontracted then hired full-time when we had enough cash flow that it was safe to do so.
  6. Chris Kelsey

    How I (didn't) become a millionaire at 19

    HOT! 
    MODERATOR NOTE: STORY HAS NEVER BEEN VERIFIED. COULD BE ENTIRELY FICTION. I dropped out of high school in December 2014 when I was seventeen, against the decision of everyone around me (parents, friends, relatives). It was my senior year and I had a 4.0 GPA, so as you can imagine everyone...
  7. Chris Kelsey

    Currently opening up business co-living accelerators in Thailand

    Currently opening up business co-living accelerators in Thailand
  8. Chris Kelsey

    Best Entrepreneur Podcasts?

    James Altucher is super good, I like a lot of his podcasts, (I know someone already mentioned but I wanted to still put in my 2 cents).
  9. Chris Kelsey

    Selling a business

    My friend just sold his company for $8m January and he works with me, I know from him personally as well as other people. There's a ton of different things involved, but before I say anything, I want to know what kind of health concerns are involved.
  10. Chris Kelsey

    Is it true that doctors who own practices have the potential to get rich?

    There's a lot easier business models to succeed in, without the 8-12 years of schooling (and potential school debt). You can definitely get "rich" with a practice, but then again, what do you define as rich?
  11. Chris Kelsey

    Business with family? (Inlaws)

    PEOPLE 
    Be careful, everything goes great until it turns bad at one second. I would suggest making absolutely CLEAR expectations in regards to what each person is doing. I know that doing business with friends can be really bad, and is often very likely to change or ruin the friendship. At other times...
  12. Chris Kelsey

    Trying to decide between Partnership vs Contractor

    PEOPLE 
    Keep him as a contractor until you've worked with him for at least 6 months.
  13. Chris Kelsey

    HELP! Choice between sole or co-ownership for web business

    PEOPLE 
    They're very likely to take advantage of you, even if they aren't typically "bad" people. I would suggest keeping 100% ownership, if they actually will put money down, they need the cash up front before you give any equity. Likely they won't give you a good deal on it either.
  14. Chris Kelsey

    Taking a loan for my business

    PEOPLE 
    I personally wouldn't ever take a loan for my business. I've been offered 1m+ investments for my business currently but I've declined as everything is going very well. With that being said, if I was doing a new startup and someone was willing to put 500k down for 15% in something that I knew was...
  15. Chris Kelsey

    Outsourcing an online service business from the start?

    PEOPLE 
    I started an app/web dev agency when I was at the end of 2014 when I was 17 and we're at over 40 people now (although we're not quite an agency anymore). My biggest recommendations are: 1. Make sure that the people you're working with know what they're doing. I recommend giving a test project...
  16. Chris Kelsey

    For those of you starting your business, do you rent or buy your own home?

    HOT! 
    I've been renting here for over 6 months. It does add up but so does losing a lot on your house if the housing market goes down. I'd only buy a house as an investment to make money back on it later, otherwise, I'm fine with paying rent.
  17. Chris Kelsey

    Millionaire Dreams - 24 y old Student

    INTRO 
    Cold showers are huge. Your health is your priority. Congrats, what kind of fanpage is it?
  18. Chris Kelsey

    Millionaire Dreams - 24 y old Student

    INTRO 
    There comes a time and place for everything, and I wouldn't say you're "not smart" just because you ran a few businesses based off of trends as opposed to something more long-term. I feel that when we're younger, we tend to stick with niches that last shorter periods of time, but through that...
  19. Chris Kelsey

    For those of you starting your business, do you rent or buy your own home?

    HOT! 
    I live in SF and it costs around the same for a one-bedroom in an OK area. I personally would not invest in a house unless I can buy it cash. I know it can technically "pay off", but remember that when you're buying a house and take a mortgage, you're paying off the interest first, so let's say...
  20. Chris Kelsey

    You're from where??

    HOT! INTRO 
    San Francisco!

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