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by leoprctmp 728 days ago
A very interesting question, which prompted me, a silent HACKERNEWS user, to post my first comment.

I graduated from university in 2007 and started my first job as a programmer. I began full-time entrepreneurship in 2010.

I am in China, working in the internet industry. The company I work for is listed on NASDAQ and is comparable to the level of the FANG companies.

Over the past 14 years, I have undergone two entrepreneurial ventures, both of which have been successful. One of the companies is relatively large, with hundreds of employees, while the other one is quite small, with around 20 people, both running stably.

Here are my answers to the questions:

1. No, and I had no income after resigning, this is a fact.

2. Countless pivots, extremely tormenting.

3. The income curve was zero for a long time, even during the stable operation periods of the businesses, the income and profit fluctuated from time to time due to the global situation and economic conditions being very unstable in recent years.

4. I have always maintained the habit of coding and might fully return to software engineering in my next venture, possibly by starting a game software company.

5. The first one was with friends, and the second one I completed independently.

6. Entrepreneurship is very difficult, and earning an income is hard. I think the key point of my personal story is that my financial situation was very dire for a long time. Since programmer salaries are very high, my colleagues who didn't venture into entrepreneurship had a very comfortable life, while I was tormented every day. After 14 years of entrepreneurial life, my personal financial situation improved around the 7th or 8th year. Of course, I am now a standard affluent class (currently 40 years old), but I am not intoxicated by wealth. My mental state also experienced significant ups and downs, and there was a period when I had to rely on medication. During this process, I gained some religious beliefs, which have enriched my perspective on the world.

2 comments

I'm potentially starting similar journey. I made really good money in industry but I can't stomach the idea of working on someone else's project anymore. So starting my own thing but not making much money yet. Do you ever wonder if just staying in your job would have been better?
Actually, no decision is simplely good or bad.

Continuing to work at my current company would certainly be more comfortable, and I wouldn't have to endure any struggles, but that's not the life I want.

Like you, I can't stand working on projects for others; this stems from my personality. It's undeniable that most people can tolerate it, even if they don't enjoy it.

It was after 7 or 8 years of starting my own business that I began to see decent financial returns. Looking at the entrepreneurial journeys of other programmers around me, it's roughly the same pace. So if you are going to start a similar journey, remember to tell yourself every day that tomorrow will definitely be better.

BTW, Why is it so difficult to get started?

I looked back and realized that it's because we are targeting an incremental market.

If we were aiming at an existing market, it would likely be much easier.

>> I looked back and realized that it's because we are targeting an incremental market.

>>If we were aiming at an existing market, it would likely be much easier.

Maybe. We have 3 products. 1 was basically "first mover computerized manual processes" (that's doing well, and we have serious market share), 1 was a niche area that we came to "early" in the cycle. Once we decided to do that "in a business way" (most everyone else in the niche was doing it as a side gig ) we dominated.

The 3rd came along much later. We had a superior product, better support, better everything. Penetration into the market has been very slow and very hard. Existing users in the space are mostly "happy enough" with what they have. Getting customers to switch is a LOT of work. After almost a decade in the space we're slowly being accepted as a legitimate option.

So new markets may be slow, but you grow as they grow, and you become hard to unseat. Old markets can be really hard to penetrate.

The grass isn't greener on the other side, the grass is greener where you water it.

my current thinking is that working for someone else will read to misery/what ifs but will be comfortable for sure especially in high paying big tech

working for self will have a lot of suffering, at least I will have tried & I can give myself sometime after which I can resign to working for someone else again; at least for a bit

both paths have some suffering, with second the suffering has meaning

How do you see bootstrapping without leaving the day job until the project takes off?