My circle of friends has three self made 8 digit millionaires in their 20s. I've honestly been slacking.
I don't think I can do it in 1 year. 5 years is perfectly possible.
We live in the golden age of computer science entrepreneurialism.
Venture capital has never been easier to get. The low hanging fruit is largely still unpicked. And, with full remote, hard working highly capable talent has never been easier to hire (hire Europeans, they're overeducated and underpaid).
IMO, not starting a business in the next 5 years would be remarkably foolish.
Just have to write a 35 page business plan, get it reviewed by capable people, have a good idea, and execute.
35 pages! I worked for an IPO where the CEO made the 40 under 40 from a business plan written on a napkin. The fact that you have something written on paper and hopefully not in crayon would have likely snagged you a $10MM valuation in SV a couple of months ago. Times have changed but I hope you are successful.
>I worked for an IPO where the CEO made the 40 under 40 from a business plan written on a napkin
Then it wasn't on the merits of the business plan, but the idea, niche, timing, connections, delivery, and several other factors besides...
Millions can scrible some startup idea on a napkin. Getting a VC to take you seriously is another matter, even with a fully fleshed presentation, a prototype, and a well written and researched business plan.
If that's what will bring you happiness, then don't let anyone stop you. However I just want to give you a little nudge, to think about if you really have no time outside this pursuit of wealth to enjoy yourself. You're only young once :)
> We live in the golden age of computer science entrepreneurialism.
no we don't, not any more. the disruptors are now the ones to be disrupted, and they're trying awful hard to keep that from happening.
like, sure there are still new businesses starting, that's true in a lot of fields. but SVB imploding is a fantastic sign as to what is truly happening to startup culture.
> The low hanging fruit is largely still unpicked.
Given that I'm not one to balk at writing 35 pages and an 8 digit bank account is relevant to my interests could you throw out a few of the low hanging fruit? I assume you won't be angry if I take one.
I don't think I can do it in 1 year. 5 years is perfectly possible.
We live in the golden age of computer science entrepreneurialism.
Venture capital has never been easier to get. The low hanging fruit is largely still unpicked. And, with full remote, hard working highly capable talent has never been easier to hire (hire Europeans, they're overeducated and underpaid).
IMO, not starting a business in the next 5 years would be remarkably foolish.
Just have to write a 35 page business plan, get it reviewed by capable people, have a good idea, and execute.