Hi all,
One word of caution. I would recommend people sticking to facts rather than
anecdotes. The golden image of college dropouts starting successful companies
if the exception and not the rule.
For every successful college dropout, there will be 200 failures. Do not
compare yourselves to Bill Gates, Steve jobs, Dell etc. Bill Gates was from a
VERY wealthy family with a LOT of connections. Steve Jobs had a team of
experienced people from Xerox and stuff, Dell was running the business for some
time as a student before he quit. Also US has way more opportunities in terms
of funding and entrepreneur support.
I would like to remind Karthik that these are really young and impressionable
people and I would advise caution.
I have built a sustainable business based on FOSS consulting. Been through a
lot of ups and downs.
Starting up sounds sexy but there is a lot of risk - it takes talent, a lot of
hard work, adaptability, a very strong heart and most importantly dollops of
luck. Yes. Luck plays a pretty important part.
Also the potential entrepreneurs should understand the there will be a lot of
advise on this forum but if your business fails, at the end of the day, you
have to feed yourself and pay your own bills. If you try to go back to a job,
it will be tougher both for you and potential employers. You will not have any
hard skills and for the other skills, prospective employers will be under the
impression that you will quit as soon as you have the next great idea.
The thrill of entrepreneurship is that bottom-line responsibility rests with
you and that exactly is the risk too.
Be aware that you are risking your life. Better do it with more preparation.
>> And maturity counts in biz more than anything else.
>>
>> Also working for companies will tell you what it takes to do biz.
> This is a myth. The history of startups shows us that the best
> entrepreneurs were neither mature nor experienced when they started out
> If anything, the history of college-dropout entrepreneurs shows us that
> understanding a specific customer need and build a kickass product to
> address it is the best way to build a startup.
K. C. Ramakrishna
www.rknowsys.com
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