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Being laid off and unplanned entrepreneurship

396 pointsby eightturn11 months ago

31 comments

ilamont11 months ago
Had an epiphany like this after an earlier startup project failed, which my cofounder and I had tried to do following the formulaic approaches advocated by various accelerators, investors, and experts (often people with zero experience running a startup, but had been involved as angels after BigCo stock options vested, and then got into mentoring local accelerators).<p>I hated the startup theater, pitching, networking, and accelerator applications including YC and TechStars and MassChallenge. My cofounder flaked. I wound down business #1, returned most of the investor capital, and then started out on #2, determined to do things completely differently.<p>For #2, I had 3 criteria:<p>1) Prototype on my own, without an engineer<p>2) Don&#x27;t just talk lean, do lean<p>3) The product <i>must</i> generate revenue from day 1<p>While I am not an engineer, I had strong enough digital skills to set up websites and leverage other tools to prototype. Month 1 was building the prototype, month 2 was getting it out to the marketplace and actually getting some early sales ... and then plowing that money back into the business to improve the product. 10+ years later, the business brings in a respectable middle class income, has helped put my kids through college, and, as TFA articulated, lets me &quot;pursue any and all ludicrous business models, with no oversight.&quot;<p>Like a lot of people who bootstrap, I had to consult as well (still do, mainly as a hedge against platform risk). I am eternally grateful to my spouse who not only has an income to help support the family, but also good health insurance (more on this below, see <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=40707068">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=40707068</a>).
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leetrout11 months ago
&gt; I didn’t raise any money for these projects. I funded them with my 9-5 salary. Solo. And the reason for that was simple – why on earth would I vehemently abandon boneheaded micro-managing layoff kings in the 9-5 world only to raise money &amp; adopt a board of boneheaded micro-managing layoff kings in the startup world. If I’m gonna build, I’m gonna have free-rein decision making to pursue any and all ludicrous business models, with no oversight. If I fail, fine. That’s on me. If it works, son-of-a-gun, my job will feel like play.<p>I respect this. It&#x27;s something I&#x27;ve wrestled with a lot over the past ~year (especially in the last 6 months). You can see my relevant &quot;Ask HN: How would you raise $600k for a boring software co?&quot;[0] in which I shared my musings around this with the community. I&#x27;m currently contracting because I have to pay some unexpected medical bills but I am hopeful I will explore solopreneurship more this year (I&#x27;d much rather not go it alone tho, as stated in the thread).<p>I&#x27;m very lucky to have had multiple interactions with folks in that thread as well as having contacts that have raised funds and sold businesses... the advice is a resounding &quot;not really doable&quot; outside of a friends &amp; family fundraise.<p>All of this to say, I admire Peter (have read his writings previously) and I share the same feelings quoted above although I am still willing to entertain outside investors (and all that comes with that) for the chance to have agency in executing a software business with less &quot;lose my house&quot; risk. For the same reason I would also take a leadership position at a startup. I&#x27;ve seen the effects of bad management and lack of empathy first hand and I know I could make a difference and have a positive impact on the internal culture of software development shops... But I don&#x27;t get many bites when I go fishing for that.<p>[0]: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=37346497">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=37346497</a>
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llmblockchain11 months ago
I can relate to this, though I came into it already knowing how to do the coding part. I had no idea how to do the rest of it.<p>My entire career was spent building valuable software for companies to generate large profits only for me to be laid off (and fired, once). After the firing I was quite angry and probably a bit arrogant.<p>I went on a bit of a rage.. &quot;I built the most successful product there, I can do it on my own.&quot;<p>So that&#x27;s what I did and I haven&#x27;t worked for anyone else since (on 8 years now).
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mooreds11 months ago
View page source is, as was mentioned in the article, magical. The fact that by publishing something online you make it available for everyone else to learn from is astonishing.<p>It used to be knowledge was locked up in books and putting them in libraries for free access was revolutionary, but libraries don&#x27;t compare to the knowledge transfer benefits of view source in terms of cost and ease. (Obv libraries have a wider base of knowledge to distribute.)<p>Even today, with all the obfuscation and minification, devtools offers a lot of the same benefits as &quot;view source&quot; did.
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dkobia11 months ago
I&#x27;ve often heard the narrative from hiring managers over the years that a prospect who&#x27;s been laid off probably doesn&#x27;t make a good hire, especially if they&#x27;ve been laid off multiple times.<p>In this wonderfully written and inspiring piece, perhaps we should consider that the real issue isn&#x27;t the individual&#x27;s capability but rather that their potential has been misdirected or they haven&#x27;t been in environments that recognize and cultivate their unique skills.
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thr0w11 months ago
&gt; I can’t trust them anymore; I gotta figure out a way to generate revenue myself; from my own business; that I control. Online preferably.<p>This was it for me. Pouring your whole self into your work, only to be laid off, fired, or skipped for promotion is soul shattering.<p>$400k ARR solo. I&#x27;ll never work for anyone again, I&#x27;ll never feel compelled to be a yes man again, I&#x27;ll never fake a smile for a drooling idiot of a C*O again.
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sph11 months ago
I love the name &#x27;unplanned entrepreneurship&#x27;. After a year of not being able to find decent work, I decided I might as well build something of mine, and slowly grow it to profitability. Which I did, and it&#x27;s still not profitable, so I have to try the job market lottery again—which has killed a lot of motivation and momentum, but I&#x27;m back at it for the long haul now.<p>As you are an expert in SEO, and I&#x27;m building a SEO-adjacent product, I would love to pick your brain. Email in the profile.
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HeyLaughingBoy11 months ago
During the interview at the last place I worked, the owner described starting the company (20+ years earlier) because he got tired of being laid off. Figured that the risk of his new venture failing was probably on par with getting a job and being laid off again, so why not go for it?<p>Can&#x27;t really argue with that :-)
akskakskaksk11 months ago
As a fan it&#x27;s strange to see no mention of vidaliaonions.com
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ChrisMarshallNY11 months ago
For me, I found out that us “olds” are not exactly loved (actively hated, more like), and gave up looking for work, after being laid off from one of the top imaging corporations in the world.<p>Pissed me off, something fierce, being treated that way (especially as I figured out it was being supported from the C-Suite). However, I have since realized that it was probably the best thing that ever happened to me.<p>I enjoy writing software. So much, that I will do it for free.<p>When no one’s paying me, I get to do it the way that <i>I</i> want to do it. No scrum standup humiliation sessions, no deliberately writing terrible software, so terrible programmers can understand it, no being told how lucky I am, to be “allowed” to work.
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SebFender11 months ago
Sometimes we&#x27;re just not built for the classic corporate environment.<p>Let&#x27;s not blame anyone and just admit that for many &quot;... maybe it&#x27;s just not for me.&quot;<p>I find too many people blame themselves or others instead of just changing angles in life.<p>This is a perfect example.
giarc11 months ago
Were there other sites between AppalachianTrail.com and DudeRanch.com? Seems like a big jump from $3k to $17k, for something that, in my opinion, doesn&#x27;t seem like a sure winner worth 5x the first one.
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jebarker11 months ago
The creativity displayed in spotting the opportunities is really impressive.
ensemblehq11 months ago
Appreciate the post. Was in a similar situation myself - always wanted to be an &quot;entrepreneur&quot; but ultimately, needing to survive to feed the family is what kickstarted it all. I really appreciated how, even though you didn&#x27;t have a technical background, you found a path that works for you and even more so, focusing on what you CAN do vs what you CAN&#x27;T do. And sometimes, you do get hosed on a deal at the start before you establish trust and credibility and then eventually learning your way around the trade.
hbn11 months ago
Like many things with the internet, it seems like if you got in at the ground floor you could do something like this. Now everything on the internet is cordoned off in centralized spaces, and there&#x27;s a million businesses and random guys trying to figure out any and every possible angle to monetize overlooked markets. No way I can convince businesses to pay me for ads when they can be paying Facebook or YouTube who own practically every eyeball on the internet.
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dsco11 months ago
What a beautiful piece of writing, which hits close to home for me, as I&#x27;ve always kind of managed side projects and my full-time jobs during office hours.
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chaostheory11 months ago
Going on a slight tangent with unplanned entrepreneurship, the Korean PC cafes had their roots in their owners being laid off from their corporate jobs.
Jun811 months ago
Peter, if you read this comment I suggest that you start writing a book <i>immediately</i>, if one&#x27;s not in the works: your simple but thoughtful writing style is awesome and makes the deep insights you provide even more delightful. I, for one, plunk down money to read 200 pages of this stuff interested with anecdotes from personal life.<p>What are the insights I gained from this particular piece:<p>* self depreciation is funny if done in earnest<p>* note that the OP had a huge handicap (not knowing to code and ignorant of web technologies) but he was <i>not</i> clueless: he had deep knowledge (at least deeper than most site operators) about the ad business and how to monetize<p>* building up from the above, he innovated in an area what he knew, i.e. ads. He didn&#x27;t try to jump into the idea de jour. Too many first time entrepreneurs miss this point.<p>* he used simple tools and approaches(e.g. Yellow Pages, source view) but used them effectively. Didn&#x27;t try to go after shiny tools, e.g. get on a bootcamp to learn web frontend development<p>Overall vibe (don&#x27;t know if it&#x27;s a persona or the real thing, judging from the wackiness of his ideas I&#x27;m guessing the latter) from his writings is a person who you&#x27;d want to grab coffee (or beer) and just hang out with.
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darkstar_1611 months ago
That is an inspiring read. I almost went down this path when I got laid off last. I still somewhat regret taking up a corporate job back then instead of focusing on something else. But then, I probably wasn&#x27;t ready. Thanks for writing this Peter.
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jnord11 months ago
This line in the article sums up beautifully the desire for being an entrepreneur: &quot;A path to avoid someone else’s bonehead business decision which kneecaps a company and executes my career.&quot;
HarHarVeryFunny11 months ago
Interesting and strangely uplifting story!<p>Gotta admire the hustle and will to be independent.
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nudpiedo11 months ago
this is highly dated... 2004-2008, the opportunities were others than today&#x27;s
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glitchc11 months ago
I&#x27;m still stuck on how someone makes it through a history degree without enjoying reading.
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renegade-otter11 months ago
I was putting off starting my SaaS idea for years (has to do with assigning code reviewers based on specific file patterns and notifying them on Slack) but the idea was much more marketable 10 years ago when I first had it. GitHub did not even have the concept of CODEOWNERS back then.<p>After getting laid off, I decided to roll the dice instead of looking for another work-for-hire. Yeah, it&#x27;s too late, but I needed this just to get excited about technology again. I was seriously jaded from debugging the microservices spaghetti at every frigging job, trying to make a pile out of water and not actually <i>building</i> anything.<p>I torches through my savings, and no regrets. I am in my 40s, and the time to take a chance is running out.<p>The point is, there is such a thing as &quot;right place, right time&quot;. The idea and the <i>execution</i> have to be well-timed. It might be too early, or it might be too late (as it was for me). Take The Globe, for example - the Facebook before Facebook. They failed because a) there were no phones b) not enough people online to get the network effect. Similarly, good luck getting your &quot;crypto&quot; getting traction at this point.<p>If you have an idea, and you think the time is right - take the chance. Not knowing what will happen is part of the fun. Don&#x27;t look at it as taking risk, look at it as rowing through a river and without knowing where the river goes. If you don&#x27;t row, you will never find out what&#x27;s around the bend.
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pmarreck11 months ago
The head of Gupta Media (friend of mine) started his solo journey with a layoff.<p>It really supports the perception of seeing a door closing just meaning you need to change direction and not to take it personally.
amunozo11 months ago
Really inspiring read. I&#x27;ve been thinking about doing something similar but I always give up early and do not believe in it.
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the_af11 months ago
I hate this kind of article.<p>A weird mix of inspirational hogwash (&quot;here&#x27;s how I succeeded and you can do this too!&quot;) with some pretty crappy tactics, like domain squatting, crap ads business with no value added, and lying to customers to not let them know they could have cut the middleman.<p>Basically nothing this guy is explaining ads any value. He had little to no expert knowledge, he just got lucky with some low hanging fruit (mostly because his customers were even more clueless than he was).<p>No doubt he&#x27;s making money now and is &quot;his own boss&quot; now, but nothing he did to get there seems inspirational or worth copying.
johnwheeler11 months ago
I run a chatroom for solopreneurs in case anyone is interested codingbutclueless.com
Simon_ORourke11 months ago
I tried going solo out in Berlin after a few years working for a couple of the biggest douchebags you could imagine. Same idea - I didn&#x27;t like having to answer to a douchebag every day, and didn&#x27;t worry myself about getting FAANG money, so I tried a B2B start-up that tried to automate some compliance issues that most companies out in Germany face. Didn&#x27;t get the product market fit right, but learned enough to get me in front of a FAANG-adjacent company who had an opening and that was that.
651011 months ago
Ah yes, how our cozy internet of sharing was infiltrated and ultimately ruined by people looking to simply earn a living. Bigger players took down smaller ones (ruining things further) until we eventually stopped making websites <i>for them</i>. Earning money was replaced by fiat-like pyramid schemes. The remaining scrap was quickly &quot;copied&quot; into LLM&#x27;s and soon I&#x27;m sure there will be all knowing humanoid robots walking around. What comes after that?
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swayvil11 months ago
I for one would appreciate a list of &quot;software products that the world needs and if you made this then you could make some money&quot;.<p>(Not a video game)
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