Startups usually involve technology, so often so that the phrase high-tech startup is almost redundant. A startup is a small company that takes on a hard technical problem.
Lots of people get rich knowing nothing more than that. You dont have to know physics to be a heavy pitcher. But I think it could give you an edge to understand the underlying principles. Why do startups have to be small? Will a startup inevitably stop being a startup as it grows larger? And why do they so often imprint on developing new technology? Why argon at that place so many startups selling new drugs or computer software, and none selling corn oil or laundry detergent?
The Proposition
Economically, you can think of a startup as a way to compress your whole work life into a few years. Instead of working at a low intensity for forty years, you work as hard as you possibly can for four. This pays especially well in technology, where you earn a premium for working fast.
here is a brief sketch of the economic proposition. If youre a good hacker in your mid twenties, you can get a line of reasoning paying about $80,000 per year. So on fair such a hacker must be able to do at least $80,000 worth of work per year for the company just to break even. You could probably work double as many hours as a corporate employee, and if you management you can probably get three times as much done in an hour. [1] You should get another duple of two, at least, by eliminating the drag of the pointy-haired middle manager who would be your boss in a big company. Then there is one more multiple: how much smarter are you than your job description expects you to be? Suppose another multiple of three. commingle all these...If you want to get a full essay, entrap it on our website: Orderessay
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