This is really true. The business risk may be very real, but the personal risk for many is relatively limited. For some people, going without a steady income is to truly be without a safety net and risk having to sleep in a shelter. For me, when I started my company, I went in knowing that if we ran out of money, I could get a nice dev job within a few weeks and not only bounce back, but bounce forward (or at least sideways). If things went really sour, I might even have to move back to my hometown for a couple months. Gasp!
In this world, agency is a privilege that's hard to measure. I feel like sometimes people underrate their own and mythologize their self-madeness, but overrate that of others and pathologize them as lazy or cowardly.
I have lots of debts, and the job market for programmers here in Brazil suck (ie: most job offers I had paid less than what I pay in my loans), if my startup crashes and burns, I will crash and burn too, I have no plan B, or C... it is just, it MUST work, otherwise I am screwed.
People do not understand that, and think I am nuts.
This thinking appears all too prevalent today. Yes, the market is currently hot and experienced, talented engineers can often find new employment in a matter of days or weeks.
But the market is not static and if you assume that you will always be able to find a decent new job in a short amount of time and that your worst case scenario only entails two months of little to no income, you're overestimating the strength of the market and underestimating your risk.
As I've noted before, this type of thinking was common in the first .com boom. Then the market shifted and a lot of talented people went from having six-figure job opportunities on tap to collecting unemployment.
Bottom line: your perceived viability in the current job market is not a true safety net. Cold hard cash is.
It's a known tendency called the Fundamental Attribution Error.
You can work 80 hour weeks or 10 hour weeks. Your choice. You can neglect your friends, family and health, and work yourself into the ground. Or not. Again, entirely up to you.
Surprisingly, the end result will probably be roughly the same. If you're good at building software, and work in bursts like most of us do, then a few good deep sessions a week will get your thing built plenty fast. And since so much of the other 90% of building a successful business is measured in "calendar time", it really doesn't hurt much if you don't get in 60 good hours one week.
Naturally, if you take VC money, they might prefer you do things the "normal" way. Fortunately, that's another thing you get to decide whether you want to do.
That is SO true. Just to illustrate in a bit more depth... as a developer / founder, here are some things I have to do as a founder that I never had to do as a developer:
1. do market research. Browse US census data, find SIC/NAIC codes, look up demographic information on businesses that we want to target.
2. Scour LinkedIn, Hoovers, etc. for contacts at companies we want to sell to.
3. Compile lists of contacts, cold email / cold call those contacts and try to get meetings.
4. Read sales books, try to develop a sales process for our company.
5. Go out and meet customers, try to identify their problems, then either sell them something and/or plug that feedback back into our product roadmap.
6. Go take sales training.
7. Read marketing books and blogs and articles, put together a marketing plan.
8. Write content specific to out "content marketing" strategy, post on our website, blog, etc.
9. recruit co-founder(s), intern(s), etc.
10. Go to startup related events to get to know the local VCs and angels, just in case we decide to raise a round of funding at some point.
11. Recruit members to our advisory board. Meet advisors, take their advice and figure out how to try and incorporate it
12. Write marketing collateral, white-papers, brochures, etc.
13. Write press releases
14. Distribute press releases.
15. Monitor press to see if we get any mentions. Follow up on those as appropriate.
16. Join industry associations relevant to our target market, attend those meetings to try and meet potential customers, partners, etc.
17. Scour for potential partners, investors, customers, etc.
18. Develop pricing model(s), deal with financial projections.
19. Manage corporate paperwork: File to incorporate, file periodic updates with the secretary of state, tax returns, etc.
20. Manage the product roadmap. Research potential new features and technologies, and prioritize that stuff.
21. Go to "leads group" meetings to exchange leads
22. Go to general networking events (Chamber of Commerce events, etc.) to network and seek customer leads, etc.
23. Respond to inbound leads that come in as a result of our marketing efforts.
And all of that is on top of actually writing code and building the product. So yeah, while being a founder can lead to more freedom in some regards, there is definitely a tradeoff in terms of added responsibility. And once you have co-founder(s) or other people on your team, you feel more pressure because their futures are at stake as well.
It's not automatic. It's up to you to choose to what extent you want to exploit that success. If you want more freedom and less responsibility, hire less people than you can afford to, and take less contracts than are open to you. Stay small and be free, or grow big and be rich.
[1] http://firstround.com/article/How-to-Go-From-Google-Engineer...
Who wants to live like that? These expectations will continue to gradually get WORSE...if you can imagine that. Until (and if) they run out of new recruits who don't know any better.
The fact that a startup founder tweeted "disappointment" about a very personal choice that a developer made makes me inclined to believe that I would run very, very, very far away from working for this person.
I'm in the same place as you (42/20), and I've always loved working for startups. Just make sure they're paying you by the hour (contracts are best) and let them suck as much of your experience out as they need. And be sure to charge accordingly, since the thing you're selling isn't your butt in a seat, but the 20 years of accumulated knowledge and that giant \code\ folder on your hard drive with the solution to every problem they could conceivably have solved half a dozen times for previous gigs.
Incidentally, "2 years, then dodge the door" is a great way to get one's self acquainted with tons of technology and stay up to date on the flavor of the month while always having a good explanation for moving from job to job. Better still is "6 months then straight into the ground", having build something big and cool from a green field and watched the kids burn through their VC while buying you and the dev team fun toys to play with.
I guess it's all about outlook. If you look at it as them taking advantage of you, well, maybe they are. If you look at it as them needing you a lot more than you need them, well, that's a pretty fun (and lucrative) place to be.
Edit: To be clear, in the above scenario, 40 hour work weeks (or whatever makes sense for you) are non-negotiable. They are free to work 60 hour weeks if they like. Your contract should include the understanding that you don't plan to follow suit. Extra hours should be rare, on your terms, and well paid.
I like to work for small companies that have a bit of startup thinking (let's get things done, build cool stuff and be open minded about fresh and contrarian ideas) but that are run by people who have a more balanced view of how much time their employees should work.
At my stage in life (speaking only for myself), I don't buy into those BS sales jobs from hiring managers of getting rich on options, working until you're burnt out because you're changing the world, etc.
Just as other people may not share your taste in food or music, they may also not share your taste in work environments or patterns. And they are not wrong to have different tastes than you do.
Also, doing too little work over too much time with too many chefs spoiling the broth.
Also, repeatedly building things that get scrapped due to a change in direction.
So I've found startups less burnout-inducing than big companies.
I asked them to compensate me 400% of my wage to work hours which I'm not supposed to and they scoffed at me. I told them to take a hike.
Do not ever put a job on a pedestal simply because OMG JOB! You are worth more than you think, and nobody is worth sacrificing personal health for someone elses business that may or may not become profitable.
They need you more than you need them.
Only once did I object, and I didn't get the offer that time.
I think they say this stuff because it's part of their self-image; they really believe they're working crazy hours when in fact they're working 45-50 hours/week. Also because they want to screen out those who really want banker's hours and have no flexibility.
Also, people in general believe their choices are the best choices and will go to great lengths to tell everyone that their own choices were better. Just one of those gorgeous biases we've got.
Doctors can't get jobs because so many people are vying for the same jobs it's difficult to even get a specialty. Nobody will hire you without a specialty.
Retail ... yeah, you're competing with everyone from high school students to college grads for jobs that often pay like 5 euro an hour.
Construction ... well maybe if you move to China or some other booming place. Most places I've seen around Europe are full of shutdown construction sites that have been standing still for a long long time.
And when I said engineer, I meant all types of engineers. Not just software.
I do think it's still underrepresented as an option, though that appears to be improving. Also, access to investment and radically cheaper startup costs have made this very difficult path just a little less difficult. I think it's an amazing time to start something, an amazing time to be an indy developer. I also think these early-stage laboratories will help replenish some of the SMBs America has lost on the street corners. Maybe the days where you can make a living as a local grocer are gone. But the days to make a living as an innovative, startup grocery delivery service are just beginning.
EDIT: It's timely that the post immediately under this one on the front page is "Pushed to the limit as a banking intern". Maybe it's just my nature, but I didn't work less in a corporate environment. I was just more disconnected to my work and the results. I didn't feel the same impact.
During interviews, people always look at me like I have two heads when I try to actively talk them out of doing startup. It's not romantic, it's not horrible, it's just different. At different times people will be amenable to that lifestyle, but not always.
I get so tired of everyone talking about "startup life" and I think a lot of it is just tagalong marketing. We can't figure out ways of pumping up our businesses or what we're doing so we just tag onto this shiny intangible lifestyle that's already marketed by movies or other blogs.
Startup life has always been bullshit. Making cool things with great people has always been cool. No matter what stage you're doing that in.
I'm new to actually trying to be an entrepreneur (as opposed to just thinking about it), and it is encouraging to read that your version of working more than fairly-standard full time is management failure. I agree entirely.
Then they write blog posts and postmortems about how they lost their friends and spouses, became horribly unhealthy and severely depressed. But it was worth it in the end, of course.
What the article fails to mention, and I think is just as important, is that the RELATIVE risk of the startup lifestyle continues to decline as traditional, "stable" jobs slowly become a thing of the past. I'm part of a small (but growing) freelancer agency, and when I try to convince others to join my firm, relative risk is a large part of my pitch.
When the "safe" option is to work at a bank or consulting firm, is it really all that safe? Many students think so, but have to be reminded that some of these firms average less than two years of tenure per new employee. Large tech companies have been somewhat safe over the past 5-10 years, but still put you at the mercy of corporate-scale layoffs that may have more to do with your product and the company's finances than your skills.
In a startup or small company, the risks are much more upfront and come with corresponding compensation, usually in the form of equity with growth potential. Large companies typically do not reward their employees for the risk they assume, because there is a perpetuated assumption that they provide a high level of security. So if we're all forced to bear a high level of risk, at least we should be compensated for it.
Working at GM, GE, IBM, Cisco, or any of a long list of other famous, big companies tends to be a long walk on a short pier and not a 'career' with which one can get hired, buy a house, support a family, grow in prosperity, pay for college for the kids, and retire comfortably.
Why? Such a career needs to last about 45 years, and in all of the history of the US since the Industrial Revolution there has been only a tiny fraction of jobs in large corporations that could be the basis of such a career.
E.g., might have joined IBM in 1950 and then, 44 years later, lost the job when the company lost $16 billion and went from 407,000 employees down to 209,000 and cleared out rush hour traffic jams in a large chunk of Upstate NY. That was about the best shot at a 45 year career in IBM: Join before 1950? IBM was not much of a company then. Join IBM after 1950? Likely the job would last less than the 44 years of my example.
GM? Shipped most of its jobs out of the US, helped Detroit and much of Michigan and much of the Midwest Rust Belt look like a war zone, and went bankrupt.
GE? Discovered that good products made in Japan sold quantity 1 retail in the US for less than the direct, marginal manufacturing cost at GE, and GE closed down big chunks of their business.
So, what's keeping people in the US employed? Mostly small businesses, especially ones with a geographical barrier to entry. Such businesses do need to be started and, thus, are startups. The US has millions of such businesses all across the US in big cities down to towns that are just crossroads. Net, startups are most of what is keeping the US economy running.
So, the broad idea that startups are rare and strange with a lot of obscure aspects is a bit silly. E.g., long lists of points of tricky advice on just how to do a startup are a big silly for nearly all US startups. E.g., in my neighborhood, the guys mowing grass show up with a relatively new truck worth, say, $30,000, towing a trailer with at least one lawnmower worth maybe $15,000 -- could plug together quite a server farm for that much cash.
Not to promote needless suffering, but rather simply because, at the end of the day, they are one of the principle sparks that makes the other jobs possible. My relatively stable corporate existence, even if plagued by all the hallmarks of big dumb corporatism(s), is a blessing (and I do consider it a blessing, especially for where I'm at in my life) that was made possible by a key core of individuals who were the ignition points for the seeming stability I have access to now.
I believe that the very reason to push, even to some excess, even to the point of some idealizing, of start-up life is among a few vital needs that must be fulfilled in a society if that society has hopes to insure longer term availability of stable options among all possible economic paths.
Like industrialized agriculture, for all of it's ills, evils and problems, the shear population, as it exists and continues, demands some version, some manifestation, of a system that shares at least some of the key attributes.
Start-up culture is both the seeding and blood letting that makes stable private and public professions possible. In many ways it's the agriculture of our day. Subject to whims of forces akin to climate and nature, but who's volatility makes all the growth and upward movement possible.
I also think that lamenting losing talent to a bank might have more to do with the perceived negative value that modern banks bring to humanity.
Finally, there is the risk of failure to the founders, which can be quite demoralizing and possibly personally devastating, especially if it's the first time. I think how much a failure would impact someone just depends on their personality and how easily they can mentally move on, even if it didn't have any major financial impact. I mean, it is quite a bit of time and effort that could be wasted on something that ultimately fails; unless you view it as a learning experience and draw the right lessons and are able to move on to the next thing, whether it's another startup or more stable employment at a company that already went through the risky phase and won.
No one is saying that startups are for everyone. People just say that they're undervalued. The upside is ignored (probably because of scope insensitivity [http://wiki.lesswrong.com/wiki/Scope_insensitivity]), and the risks are misunderstood.
There's a lot of FUD about startup life, but really its just work, except with ambitious peers and cool projects. Sure it might fail at any time, but so can any job (speaking as a guy laid off from Dell when Dell never laid people off).
I like this fable: we're surfing, swimming, diving off the coast. A big boat comes by, and the people lean over the rail and say "Hey! Get out of the water! There are sharks and fish and pointy coral in there! And you're getting all wet and hot! You will probably drown!"
You can laugh, and try to explain that is pretty easy to swim, and you're all looking out for each other, and sharks don't really attack people very often, but you will never ever convince those dry people on the boat that its ok, really, and actually pretty fun out there.
The thing is, if you read Hacker News, Tech Crunch, and the like, they give the impression that you need venture capital to be a success. This is due to editorial bias on the part of the site owners. Start looking farther afield and trying things on your own and you'll notice that the promotion of venture capital is quite self serving.
No one is "forcing" anyone to pursue a startup life.
If anybody stop doing something, because somebody said to stop, then nobody will do anything.
whenever i hear "it's not for everyone" i always hear that little bit of condescension.
Now, if this were an article about established companies treating their employees like they were in a startup, you'd have something there.