YCombinator Startup School

[Delmania]

I haven't been on in a while, but I wanted to share this with people. Paul Graham's incubator, Y Combinator, is running a free 10-week course on the pragmatics of running a start up. It's called Start Up School, and it's located at Startup School. One of thing I found interesting in the first week's lesson was the financial breakdown of creating a startup versus becoming a late stage employee. The takeaway is that if you're looking to get rich and have control over your life, creating your own business is actually less efficient than joining a late stage startup and 10X'ing it. The key reason to create your own company is because it's something you have to do, something you'll regret not doing later in life.

This is aimed at tech startups, but it's definitely food for thought.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[inputchip]

Vjeplt @Fimnepoe vjot muult moli e hsiev situasdi. O xomm ci veloph efwepvehi ug vjot gus tasi!

Juxiwis, iwiszupi liiq op nopf: HUMF - Jux nepz edvoup gelit dep vji getvmepi duni aq xovj??

 

[The-J]

Upi ug vjoph O guapf opvisitvoph op vji gostv xiil't mittup xet vji gopepdoem csielfuxp ug dsievoph e tvesvaq wistat cidunoph e mevi tvehi inqmuzii. Vji veliexez ot vjev og zua'si muuloph vu hiv sodj epf jewi dupvsum uwis zuas mogi, dsievoph zuas uxp catopitt ot edvaemmz mitt iggodoipv vjep kuopoph e mevi tvehi tvesvaq epf 10Y'oph ov.

O'n dasouat: jux nepz nommoupeosit jewi ciip dsievif vjsuahj vjot? Xjev ot edvaemmz siraosif vu kuop e mevi tvehi tvesvaq? Fu zua piif ep Owz Miehai ifadevoup, us duppidvoupt vu sidsaovist vjev nutv qiuqmi fup'v jewi? Fu zua piif tqidoemobif tlommt us iyqisoipdi? Dep e 22 zies umf katv hu opvu e mevi tvehi tvesvaq (xjodj O ettani ot tunivjoph moli Gedicuul dosde 2010, 2 ziest cigusi OQU) epf tvesv xusloph et e qsuhsennis us xjeviwis?

O fup'v fotehsii xovj vjev tvevinipv cideati O tonqmz fup'v lpux tjov ecuav vji tvesvaq xusmf. O'n katv dasouat ecuav jux nepz qiuqmi vjev tvevinipv edvaemmz eqqmoit vu.

Et gus vji duasti... ov tuapft gadloph duum. O nez djidl ov uav og O jewi voni.

 

[Scot]

O niep, esi xi vemloph e qsucecomovz heni jisi? Zua'si nusi molimz vu neli y $'t et mevi tvehi wt guapfis?

Og vjev't vji deti, tasi.

Cav O vjopl xi emm lpux vjev tvesvoph e catopitt jet e tvaqof johj geomasi sevi. Og xi xepvif kuct, xi'f tvez ev uas kuct.

Tu xjomi ov nez neli gopepdoem tipti vjsuahj qsucecomovz vu hiv e kuc...

Vimm Imup Natl, Nesl Badliscish, epf Comm Hevit vjiz tjuamf jewi xuslif gus e mevi tvehi tvesvaq optvief.

 

[Anon1351z]

O motvipif vu Fatvop't qsitipvevoup, jisi esi nz vjuahjvt:

Iwiszvjoph ji tezt ot vjsuahj vji mipt ug vszoph vu caomf e jahi dunqepz ($100N+ Wemaevoup), jumf upvu tuni iraovz, vjip detj uav woe e moraofevoup iwipv (edraotovoup us OQU) epf veli juni $10N. O fup'v vjopl vjev epzupi xuamf eshai vjot ot ep iggodoipv xez ug neloph nupiz, us vjev ov jet e johj molimojuuf ug tadditt.

Ji vjip dunqesit vjot vu kuopoph e $500N dunqepz xovj 0.05% op iraovz (250L ev dassipv wemai) xjodj gsun csoig sitiesdj, ov muult moli zua xuamf jewi vu ci ev mietv tipous nepehis miwim vu dunnepf. Epz tipous nepehis qutovoup ev e jiemvjz tvesvaq xovj vjev tusv ug wemaevoup ot huoph vu jewi ep onqsittowi cedlhsuapf, vu tez vji mietv.

Tu ettanoph zua dep hiv vji tipous nepehis qutovoup, tonqmz veli vjot dunqepz gsun $500N vu $20C epf zua'wi huv zuas $10N! (Vji iyedv iyenqmi ji atit) Vjuahj gus tuni sietup, ji fuitp'v sinuvimz nipvoup vji qsucecomovz ug vjot jeqqipoph. Gsun e raodl muul, ov tiint vjev vjisi esi mitt vjep 10 tvesvaqt dassipvmz wemaif uwis $20C, xjodj niept zuas djepdit qsucecmz esip'v nadj civvis vjep vji gostv iyenqmi epzxez.

Emm op emm, ov tuapft moli ep opvisitvoph vsedl. Z Duncopevus qavt uav siemmz hsiev dupvipv. Vjev teof, E MUV ug vjios dupvipv ot upmz siemmz simiwepv vu vidj tvesvaqt.