A brief transcript excerpt of Bill Gates advising prospective entrepreneurs that starting a company requires enormous energy and risk tolerance. He recommends gaining experience by working for a company first to learn how things are done, and gives a personal anecdote about age-related practical obstacles (e.g., being unable to rent a car under 25).
If you're going to start a company, it takes so much energy that it better overcome your feeling of risk. I don't think that you necessarily, if you're going to start a company, should do it at the start of your career. I think there's a lot to be said for working for a company, learning how they do things. If you're young, it's hard to go lease premises. They made that hard for me. You couldn't rent a car when you were under 25 at the time, so I was always taking taxis to go see customers.
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