Tech TrailblazersThursday, 19 May 2011 15:05
The risk of not failing
The risk of failure in co-founding a start-up is mostly imaginary. Even when you lose, you still end up ahead.
You'll be outcompeted by someone who wants it more. But even when you do start a company, you'll still end up ahead of those who don't.
If you join a large corporation, you'll learn bad habits taking needless meetings all day, convince yourself of your contribution to what already is existing business momentum and get fat and lazy in honing your business instincts.
And so they now attract guaranteed bonuses, more stock and senior positions. Compare that to those that join those same companies as graduates and their long political fight to the same level.
But even when you fail you'll have learned in a year what normally takes five in a “normal” job and at the end of it the same companies will be lining up to bring you in at a more senior level.
Niki Scevak is the founder of Homethinking, a real estate startup based in the US, and Startmate, a mentor-driven seed fund that invests in small startups at the earliest of stages. He is based in Sydney.
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