Having a good job is no
longer the preferred way of making money among the younger people. This is why:
Starting a company, as a
way of money making is riskier but more straightforward than working a job.
There is no boss to decide what happens to you. There are 4 protagonists: you,
your customers, your investors, and your co-founder. If you succeed, they
succeed. And the way to making money for you looks like this:
Find a product (or idea)
that is popular but not yet perfect
Buy one and study it in
detail
Figure out how to improve
it
Make a prototype
Show the prototype to 100
people
Remake it until people are
willing to pre-order (for example on Kickstarter)
Find a co-founder who can
build it with you
Split the equity– give
your co-founder 50%, but use a vesting agreement so that their share becomes
worth more the longer they work on the company
Find an investor. This can
be a person who has a lot of money (an angel investor)
Give her or him 10% of
your company
Make the product
Sell your product to 1
Million people
Get more money (this time
from VCs)
List your company on stock
exchange (this is after you’ve either raised a lot of money or have a lot of
revenue, or better yet profit)
Sell a lot of shares when
you list on stock exchange
Then just wait out the
cooling off period (about 6 months) and you will have your money
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