If you were a 22 year old that just graduated college today, what would you do with your life?
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If I were a 22 year starting a startup I would certainly apply to YC. Which is not that surprising, since it was designed to be what I wish I'd had when I did start one. But (assuming I got in) I would not get sucked into raising a huge amount on Demo Day.
I would raise maybe $500k, keep the company small for the first year, work closely with users to make something amazing, and otherwise stay off SV's radar. In other words, be the opposite of a scenester.
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Ideally I'd get to profitability on that initial $500k. Later I could raise more, if I felt like it. Or not. But it would be on my terms.
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At every point in the company's growth, I'd keep the company as small as I could. I'd always want people to be surprised how few employees we had. Fewer employees = lower costs, and less need to turn into a manager.
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Almost seems harder to raise 500k than 1M these days. Been thinking about the former for myself, question is: why not take 1M if investors care mostly about % ownership anyway? More runway for the founder.
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@paulg, what do u think about an MBA for software engineers who already have graduate studies on computer science + significant work experience (asking for a friend...) -
I wouldn't.
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Paul, curious on your thoughts on where the best places are to staff a startup these days? Are you in on the trend of distributed teams or a specific location/s? Obviously great talent in SF but expensive and there's many other cities with great product/eng talent now.
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I would definitely not be in SF proper. Too expensive and distracting. I'd do it somewhere I wanted to live. So maybe Berkeley, or Cambridge.
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pretty much exactly how ive built ellie :) !
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Help please
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Would you build in SV or somewhere else?
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