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Intense job at a startup. What kind of side business can I build?

Anything considered a "hustle" and not necessarily a CENTS-based Fastlane

ycee

Contributor
FASTLANE INSIDER
Speedway Pass
Sep 22, 2019
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Hey guys,

I'm fresh outta college. 21. Studied engineering. I interned at a startup for the last 4 months, they are now offering me a full time job since I've graduated.

This startup is in the B2B fintech space, I get to work with the CEO and investors first hand, got to learn a lot of shit in the last 4 months as an intern. It's a small 8 people company(including me)

The problem with the full time job is that they're paying too little. Can't even make rent with that money, that little. But I live with my parents for now. This is thanks to the COVID crisis putting everyone into a cash crunch. I am getting some ESOPs though.

I like the role, it's focused around growth(sales, bizdev, marketing) and a bit of product management. I think it will help me build the right knowledge necessary to start my own startup 3 to 5 years from now.

I wanna move out of my parents house. Looking to start something on the side. Any recommendations on what I can do? I will be working hard at the startup, say a 11 to 13 hour commitment per day. What are some things I can do that would help me build some cashflow on the side?
 
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Odysseus M Jones

[B...{r<°∆°>}--O--{<°∆°>k}...E]
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Feb 2, 2020
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What are some things I can do that would help me build some cashflow on the side?
If you haven't found inspiration from all the gold & notable posts you must've read since you joined 8 months ago...

When you've made billions you'll look back on your first post & laugh when you ask yourself "did I really say that?"

You can make me eat humble pie then too.
Humble pie, that's just given me an idea...
 

Andy Black

Help people. Get paid. Help more people.
Staff member
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May 20, 2014
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Hey guys,

I'm fresh outta college. 21. Studied engineering. I interned at a startup for the last 4 months, they are now offering me a full time job since I've graduated.

This startup is in the B2B fintech space, I get to work with the CEO and investors first hand, got to learn a lot of shit in the last 4 months as an intern. It's a small 8 people company(including me)

The problem with the full time job is that they're paying too little. Can't even make rent with that money, that little. But I live with my parents for now. This is thanks to the COVID crisis putting everyone into a cash crunch. I am getting some ESOPs though.

I like the role, it's focused around growth(sales, bizdev, marketing) and a bit of product management. I think it will help me build the right knowledge necessary to start my own startup 3 to 5 years from now.

I wanna move out of my parents house. Looking to start something on the side. Any recommendations on what I can do? I will be working hard at the startup, say a 11 to 13 hour commitment per day. What are some things I can do that would help me build some cashflow on the side?
What about providing services using the skills you're getting paid for in the startup?

When I was doing Google Ads in a startup I had Google Ads clients on the side.
 

Kid

Gold Contributor
Speedway Pass
Mar 1, 2016
1,736
1,673
You just got dream job - no, not for cash - you got two things given to you on a plate.
The first, minor one, is you get one bullet point on your CV - worked at Fintech startup.
The second, major one, is you get not only to see for yourself how startup is being made but also you get paid for that.

Since you are on fastlane forum - the first thing will give you one more benefit for being chosen to be invested in or finding partners.
The second one is a free lesson in entrepreneurship. All the MBA's, courses and books won't teach you what you will learn in the trenches.

So to sum up, take the job, learn everything you can about building and running startup, find painpoints, run your own company.

That would be my recommendation.
 
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sparechange

Platinum Contributor
Speedway Pass
Nov 11, 2016
2,804
4,364
Canada (Vancouver)
affiliate marketing or selling some product on the side could be a start, ecommerce isn't to hard to run.
 

Prodox

Contributor
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Jun 1, 2020
69
99
Tokyo
I was in the same situation as you.

I got a job working part-time as a software engineer during uni, then when I graduated I joined the company full time.

Also a B2B fintech startup.

I learnt a lot there as you have to touch many parts of the business and you are basically working along-side all the C-level people.

I grew much faster than I would have joining larger company, my pay wasn't bad though.

Then the company got bought out and I got a lump sum of cash as they bought my stock options, my pay also over doubled overnight.

Hopefully when you join you get stock options or some form of equity compensation. Then ideally the company goes public or gets bought out and they purchase your options.

Although it's not where I want to be forever, I have and am learning a lot about business development here, and earning a decent amount of cash that I am using to build my own business.

Good luck.
 
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MrTrash757

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May 31, 2020
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Montague, MI
So to sum up, take the job, learn everything you can about building and running startup, find painpoints, run your own company.

You should put this into stone. Its a lesson I have learned working at a startup -> There are many issues internally that cause the company to fail or hold it back.

If you can hone in one of those specific problems (ie an example I had/am still thinking-> Honing in on processes and SOPs across revenue ops that cause inefficiency), then you will be set.

Insight into products/Industry through a startup is immense also.
 

Kevin88660

Platinum Contributor
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Feb 8, 2019
2,349
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Singapore
Hey guys,

I'm fresh outta college. 21. Studied engineering. I interned at a startup for the last 4 months, they are now offering me a full time job since I've graduated.

This startup is in the B2B fintech space, I get to work with the CEO and investors first hand, got to learn a lot of shit in the last 4 months as an intern. It's a small 8 people company(including me)

The problem with the full time job is that they're paying too little. Can't even make rent with that money, that little. But I live with my parents for now. This is thanks to the COVID crisis putting everyone into a cash crunch. I am getting some ESOPs though.

I like the role, it's focused around growth(sales, bizdev, marketing) and a bit of product management. I think it will help me build the right knowledge necessary to start my own startup 3 to 5 years from now.

I wanna move out of my parents house. Looking to start something on the side. Any recommendations on what I can do? I will be working hard at the startup, say a 11 to 13 hour commitment per day. What are some things I can do that would help me build some cashflow on the side?
Are you given enough shares to work as a co-founder? Seems like you get long hours without much pay.

Do you believe in the business?
 

kleine2

Bronze Contributor
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Speedway Pass
Sep 15, 2013
156
207
Hey guys,

I'm fresh outta college. 21. Studied engineering. I interned at a startup for the last 4 months, they are now offering me a full time job since I've graduated.

This startup is in the B2B fintech space, I get to work with the CEO and investors first hand, got to learn a lot of shit in the last 4 months as an intern. It's a small 8 people company(including me)

The problem with the full time job is that they're paying too little. Can't even make rent with that money, that little. But I live with my parents for now. This is thanks to the COVID crisis putting everyone into a cash crunch. I am getting some ESOPs though.

I like the role, it's focused around growth(sales, bizdev, marketing) and a bit of product management. I think it will help me build the right knowledge necessary to start my own startup 3 to 5 years from now.

I wanna move out of my parents house. Looking to start something on the side. Any recommendations on what I can do? I will be working hard at the startup, say a 11 to 13 hour commitment per day. What are some things I can do that would help me build some cashflow on the side?
I agree with @Kid and @JScott.
Focus on learning and getting as much as you can out of this job.
Doing something else on the side will probably be more harm than good if you are already working that many hours.
 
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Knugs

Silver Contributor
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Speedway Pass
Jan 10, 2016
345
602
31
Hey guys,

I'm fresh outta college. 21. Studied engineering. I interned at a startup for the last 4 months, they are now offering me a full time job since I've graduated.

This startup is in the B2B fintech space, I get to work with the CEO and investors first hand, got to learn a lot of shit in the last 4 months as an intern. It's a small 8 people company(including me)

The problem with the full time job is that they're paying too little. Can't even make rent with that money, that little. But I live with my parents for now. This is thanks to the COVID crisis putting everyone into a cash crunch. I am getting some ESOPs though.

I like the role, it's focused around growth(sales, bizdev, marketing) and a bit of product management. I think it will help me build the right knowledge necessary to start my own startup 3 to 5 years from now.

I wanna move out of my parents house. Looking to start something on the side. Any recommendations on what I can do? I will be working hard at the startup, say a 11 to 13 hour commitment per day. What are some things I can do that would help me build some cashflow on the side?


Equity vesting scheme with a reduced cliff with immediate payout option with acquisition as a balance to taking reduced pay. They probably have virtual shares (ESOP) options from their last investor term sheet too.

You will probably be able to cash in a few %.

Fintech startups move quite quickly.
 

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