Reply to Can you explain the start-up lifestyle?

Forum Index » Jobs and Careers

Reply to "Can you explain the start-up lifestyle?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I typically don't care how they make their money, yet I'm kind of stunned by the number of my peers who have launched start-ups recently that don't seem to do much (not in the tech space -- where people work HARD to develop an idea and sell it to a bigger company). Is this just a fancy way of now taking a year or two off in your 20s/early 30s -- the way people used to travel for a while between jobs?

Saw a family friend tonight though -- who is always a jerk to everyone about how they aren't good enough (in that -- oh you're JUST an in-house lawyer now, oh) -- a year and a half ago [b]he launched a start up which for lack of a better description makes/sells bandages -- the kind of product that J&J and 3M has supplied for generations. Of course his are fancier fabrics, colors etc.[/b] He spends the majority of his time going to medical conferences (he isn't a doctor/nurse but I guess is looking for hospital clients) and alternatively going to venture cap events and rubbing elbows with finance types to get funding. How does one do this for a yr and a half?? He has a top 10 MBA and worked at Goldman Sachs for about 18 months, so I'm sure he has savings -- but he was an associate, not a higher-up, and he lives in Manhattan which isn't cheap. His parents have wealth but not like Rockefeller wealth -- but what 32yr old man with a good education is ok turning to mommy and daddy every time he needs a few thousand whether to pay his bills or fly to Texas for some conference?

Is there an obvious funding source that I'm missing -- bc this seems like a sweet life for a few years to name yourself CEO of something, travel around, and not be chained to a desk/boss/assignments. Is there that much start up funding out there that anyone can scare up a few hundred thousand and just live on that for a yr or two under the guise of a business? Or are you typically funding this for yourself or thru family money?[/quote]

Are you sure this isn't a Portlandia episode?[/quote]

Assume people are talking out of the wrong hole.  This is D.C.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics