First Time Entrepreneurs: Go Work At A StartUp & Experience It Before You Do It?

Name: First Time Entrepreneurs: Go Work At A StartUp & Experience It Before You Do It?
Uploaded: 2023-01-06T20:43:35+00:00
Duration: 58 s
Channel: James Sinclair
Description: Short advice from James Sinclair encouraging aspiring or hesitant first-time entrepreneurs to gain practical experience by working at a funded startup…

6 Jan 2023 · 1 min

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Short advice from James Sinclair encouraging aspiring or hesitant first-time entrepreneurs to gain practical experience by working at a funded startup first. Recommends searching Crunchbase for recently funded startups, contacting founders, determining a minimum acceptable income, and using the role to learn operations, hiring, product development, and to build a network before founding a company.

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If you are kind of on the edge about becoming a startup founder, you kind of know you want to do it, you've got the idea, maybe you got the solution in your head, but you know that there's high risk, you know there's some concern, you know that you're lacking certain kind of competencies or skills. Go work at a startup. There are hundreds and hundreds of funded startups out there that would love someone that is eager and keen and will work hard and will bury themselves in the company. And as part of that, you're going to gain so much insight into maybe a load of things you didn't know. Operations, you know, hr, hiring, firing, learning, performance, technology, how they build, how they think, how they develop, how they roadmap. You're going to make a network of net new people. So if you like the idea of becoming a startup founder, why not go on Crunchbase and see who just got funded? She has a little bit of money. Work out what is the minimum threshold of earnings you can have and just email the founders. Go for it. Good luck.