Today I heard of some not-yet-out-of-school wantrepreneurs who believe that they have to promise to build a $billion company to woo investors and be worth their time. My advice: kids, don’t get ahead of yourselves.
Step 1: start by joining a young but vetted startup, say a YC or TechStars company. Those folks will undoubtedly have a year’s worth of funding locked up after demo day, a need for more employees, and you’ll be early enough to get a real birdseye view of all that’s involved in getting something going.
Step 2: You’ll already know now about things like fundraising, building and maintaining corporate culture, what works for you and what doesn’t, and you’ll be more fundable. Go hit a single. Don’t be embarrassed by an early exit, or handing it off to an entrepreneur who is skilled in scaling.
Step 3: Guess what: now you’re a successful, serial entrepreneur. The world is your oyster. Now you can go big. You have connections, you’ll have knowledge, and you’re now picking and choosing who will be in your syndicate.
Think of the great repeat entrepreneurs. Almost always, their exits got bigger with each company. Before you go Burj, start with a tall or a grande.