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Banking, Cannabis, Adult Film, or Tech? Where's the Fast Lane?

Which option would be best?


  • Total voters
    17

pluto

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Hey guys,

First time poster, long time lurker here. I’m at the crossroads in my life right now. I’m 23 and about to graduate a top 10 university this time next year with an Economics Major and a CS minor (took 2 years off to travel Europe, Africa, Asia and run an online biz). All of my friends (from college) are either going into banking or consulting. I have had internships in investment banking (they sucked) and, with some serious hustle, could get a job at a large IB or consulting firm after college.

The problem is I can’t really see myself working for anybody because I know the entire time I’m going to be anxious about the opportunity cost of my tenure at one of these sweatshops (i.e thinking about my buddies (from home) who are out there grinding on their own businesses while I’m working like a peon for $80k/ yr). At the same time, however, its really the only way I could get into the MBA programs I would want to attend if I pursued an MBA and I would learn valuable experience, meet great people. etc etc.

Obviously my buddies won’t have the security I would have (or the mentorship) and they would prob be making the same money if not less but I just don’t see IB or consulting as Fast Lane…


The way I see it I have a few options:

  1. IB or Consulting for 2 years then 2 year MBA and another perhaps 2-3 years work. Cons: This would mean my entrepreneurial ambitions would have to wait until I am about 29 years old.
  2. Graduate and go straight to working sales/ marketing for my dad’s brand new weed farm. (This would mean moving to Denver and hustling every day trying to pedal the product to dispensaries. Face to face sales, etc). and hire a dev to help me finish my adult entertainment site, Nutflix (Shameless plug: mobile-first, feels like an app, cheeky, trendy, amazing UI/UX, ~10,000 people on mailing list waiting for release). Cons: No guidance or mentorship, would have to rough it and do my best in sales.
  3. Get an internship at a tech company next summer (summer school and travel this summer). Then get my Master’s Degree in Computer Science—I know Masters isn’t that special I’m just not going to do a 7 year undergrad in order to major in both CS and Econ and I’m certain that if I didn’t get a masters I’m not going to self-teach some of the advanced topics like ML, AI, etc—and work at a big tech company as a front end dev while working on my site. Cons: I can’t really see myself as a software engineer.

Yes, even as I write this option 2 sounds like it is the most fast lane option at first. But then I remember something Mark Cuban said in “How To Win at the Sport of Business” and that’s “get paid to learn!”. Option 2 would not be paid and I wouldn’t have anyone teaching me anything. I would be learning things as I go along.

Also, I have no college debt. Not from a rich family, just paid it off myself. Therefore, it is not a factor in my decision.

Please be kind enough to let me know what you think, I appreciate all of your opinions.


- Pluto
 
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Last edited:

Private Witt

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I vote #2 for at least a year, because Im in the cannabis industry and love it and the sales experience will do you good. Also think it would help your dad out having someone he can trust as the business is brutal with chitbricks. Im not going to lie I want to see Nutflix flourish. Is that you at Nutflix.com?
 

EVMaso

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Voting #2 because the weed industry is only getting bigger and bigger, lots of opportunities, also you're helping out family, and also so you can bring Nutflix to life. I want to live in a universe where Nutflix is a thing. Sounds like a grind but you'll probably learn as much if not more about business and life than going back to school.
 

AgainstAllOdds

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Netflix will sue you into the ground if you use that name. You should consider a rebrand.

Cannabis should be the easiest money considering your dad already has a farm.
 
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pluto

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I vote #2 for at least a year, because Im in the cannabis industry and love it and the sales experience will do you good. Also think it would help your dad out having someone he can trust as the business is brutal with chitbricks. Im not going to lie I want to see Nutflix flourish. Is that you at Nutflix.com?

Yea that's me, I am excited that you guys are excited! I'm happy you guys are on board with option #2, but I should have guessed--posting this question on this forum is literally the definition of a cognitive bias. :cool: I want to go with option #2 as well. My main concern is that I don't want to throw away option #1 considering all of the work I put in. Yes, you might say that I am not throwing it away, but in a way I am. These firms recruit straight of college and taking a year off to work sales and marketing at a no name startup doesn't bode well with them, no matter the business acumen you may have accumulated by doing so.

Thanks for the input, all.
 

MJ DeMarco

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jesseissorude

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  1. Cons: I can’t really see myself as a software engineer.

RED FLAG!
Personally, going to school and getting my master's degree was one of the best decisions I've ever made... but that's because engineering was what I truly wanted to do with my life. Don't do something because it feels like you should. You'll end up just being mediocre at something you don't even love.
I'm not one of those "college is a scam!" people, but I do believe college shouldn't be just a checkbox to fill.
 

pluto

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Sunk cost fallacy.

MJ--you legend.

Thank you for pointing that out.

The main con I see with option 2 is lack of guidance, lack of mentorship, and that my peers will be progressing in a way that is quantifiable to employers (i.e work experience) and I am already 2 years behind.

I was fortunate enough to have an industry veteran as my mentor with my last online biz and I have seen what that can do. I was able to scale it beyond what I had thought possible within less than a year. He 10x'd my progress, saved me months of research, etc. I feel immense gratitude for that person. I want to pursue avenues that allow me to stand on the shoulders of giants. What worries me is that there may not be any giants' shoulders to stand on if I'm surrounding myself with dispensary managers, people who have otherwise not really reached the epitome of success (as opposed to working as a consultant and constantly working with CEOs and higher ups in F500 companies).

I want to make the decision that helps me become the best, most potent executer.
 
Last edited:

rpeck90

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None of what you've written are "fast lane" because none of them give you ownership - unless you count the porno app which will 1) get sued for trademark infringement + 2) be difficult to turn a profit on (traffic != revenue).

What would be Fastlane would be to change the name of the porn app, get traffic to it, and then use it to sell your dad's weed as CBD oil (or whatever it is). If you start doing a lot of sales, create a brand around the oil, raise money against your dad's farm to buy him out and start getting others to promote the oil on your behalf.

The only way to become wealthy is through ownership. You can't "learn" your way to ownership (hence why most degrees are BS) - the only way is either to buy or build. MJ promotes the idea of ownership through the production of a great product ("productocracy"), but there are many other ways.

From what you've written, #2 would likely be the best way IF the market for weed is legit. The only difference would be I think you need some perspective on how you're going to leverage the opportunity into something more substantive.
 
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pluto

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RED FLAG!
Personally, going to school and getting my master's degree was one of the best decisions I've ever made... but that's because engineering was what I truly wanted to do with my life. Don't do something because it feels like you should. You'll end up just being mediocre at something you don't even love.
I'm not one of those "college is a scam!" people, but I do believe college shouldn't be just a checkbox to fill.

I can't see myself as a software engineer but I can absolutely see myself as someone who builds online businesses and scales them. That is in fact exactly what I want to do.

I know a Master's is literally in no way necessary for that and that I would be better off spending the money on bootcamps or self studying front end web dev and just hiring back end devs when I need to, but I wouldn't mind obtaining the Master's credential while simultaneously improving as a dev. Because I know that, if need be, I can leverage it (unlike self-study or a bootcamp).
 
D

Deleted50669

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You are focused on "life templates" it seems. Predefined paths. Stop it. You should ask yourself "What of my current options (whether listed here or not) allows me to solve a problem at scale?" They should make the answer more clear.
 

Hijena1

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Don't think you should wait for the forum to make your life-changing decision for you.
Go back in, who is asking the question, where does it come from?
 
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LT Success

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Number 2 totally. Work on building you sales and bushiness muscles by really doing the work.
As far as the app goes, If Netflix get irritated it will send sis and decease warning, and if they want to sue you get valuable free publicity!
 

MJ DeMarco

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You are focused on "life templates" it seems.

+1

I can't see myself as a software engineer but I can absolutely see myself as someone who builds online businesses and scales them. That is in fact exactly what I want to do.

I think you've answered your question right here. You're comparing what THE SCRIPT says you should do, and what YOUR HEART says you should do.
 

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