On the subject of the benefits of keeping a day job - I used to really want to quit my day job and take a chance on some idea that I had no idea it would work or not. Im glad I'm in Generation X, and having just turned 58. I'm literally going to just spend the next four years researching forums and groups and take my time on validation... when I hit 62, goodbye job, I'm going to take social security and just devote all my free time to come up with something. Even if it's just a $500-1k/month business, that will supplement my income and the gov't lets you keep that and not penalize you. But there will no pressure to succeed ( which to me increases odds )
“I’m 8 years old, the youngest of four kids. Everyone orders me around, I want to order something around. So learned how to speak BASIC to my Apple computer to do it” lol best programmer origin story ever. Also, same as mine (youngest of 3, tho and mine was an ATARI)
Did you include your income from TinySeed in #3 “Angel Investing”? or #2 “Running Profitable Companies”? (…or has it not produced any income 😮 😂 yet)??
I’d say, since most startups fail, yeah. “Most” developers will do better financially, _on average_ by just collecting a salary. But in terms of learning, freedom and fulfillment, even wannapreneurs do better than worker bees 🐝
Oh thank goodness Rob finally pivoted to recommending people bootstrap low-priced b2c and 2-sided marketplace SaaS businesses! I so didn’t want to have to learn SEO and {shudders} …Marketing and ugh, Sales!
Achieving success with "hard work, luck and skill" is not an original concept. It's a sentiment that has been expressed by many different people over time, as it reflects a common understanding of the factors contributing to success. It's a common theme in motivational and self-help literature, as well as in personal anecdotes and advice. Similar sentiments can be found in writings dating back centuries. Philosophers, writers, and thinkers throughout history have emphasized the importance of diligence, opportunity, and talent in achieving success. Prior Art: 1994, Cambridge University Press, UK - Commerce and Community: Paths to Success "combination of hard work, luck and skill at building reputation and relationships" 1998, Edmonton Journal, Canada - "Scoring goals is hard work, luck and skill" 2007, Chicago Tribune, US - "[F-22 demo pilot achievement] kind of a combination of hard work, luck and skill" 2011, Sports Commentary, US - "Winning takes an even blend of hard work, luck and skill" 2014, Income & Equality, Singapore - "[Those who achieve higher income] usually have it because of hard work, luck and skill" 2014, Game Development - "requires a large amount of hard work, luck and skill to pull off"
Hm, Rob personally I think "Hard work, luck and skill" are to me very generic terms as well. Saying that you "invented" this "framework" is kind of off-putting. I don't want to sound like a hater. I enjoy the Philosophy you generally have with bootstrapping. So this is just a side note. You can of course ignore it if you think this is not relevant to you.
Yeah I agree with the overall premise of learning from history, but laying claim to the concept of working smart, hard, and getting lucky is a bit much.
I haven’t read $100 Startup. But I know it’s not written by someone who has started several million-dollar companies (as Noah has). For me, that’s a vote in favor of Million Dollar Weekend.
😍 LOVE, love, looove this collab!! (Book just ordered,...as I finish 'Start small stay small') 😂 With these podcast book tours, was wondering about an (obviously shitty) app/piece of software that would plow through all the podcast episode descriptions, looking for guest names re-occuring within short time spans, yielding people on book or promo tours.
Sounds like that AI For Podcasters SaaS you signed up for may have been a scam, Rob! There’s so much hype in the space, a lot of bad actors are trying to cash in. Was it recommended by anyone else (besides the “social proof” on their own website?) or anyone you trust, or know personally? There might have never been an app in the first place, just a sales machine…
Thank you for uploading these to youtube for the youngins like me, the motivation thing really got me; the time spent and amount of stress endured will really expose your real motivations and intentions. As soon as I started focusing a little less about the money, (freedom is my goal) talking to customers became much easier for some reason, and I'm finding myself loving the process of reading reviews and talking to communities in order to figure out which problems to solve and how to solve them! Thank you again, Rob, I was way in over my head until I read start small stay small and realized that I needed to be stairstepping, especially for someone in my position.
Condolences on the loss of your Sunday afternoon - you should’ve autographed those books “hand-packaged and shipped by Rob Walling (whose 13-year old refused to help and played video games while his dad Did the Hard Things)” 🤣
+1 for slicing pie! The original book helped me stop thinking about percentages and put the focus squarely on the people, their contributions, and fairness
