Definitely a good point - I would argue to takes time to reach this balance. The lack of work-life balance is a common trap many first-time entrepreneurs fall into. It honestly takes a lot of practice and discipline to get it right
I'm a self-taught software engineer and I can say with confidence a product like this is 1000x more valuable for the student. Enforce the mentor's schedule and this could really take off, I will certainly be using / paying for it
Wow - that's great to hear. I'm too embarrassed to put our company's URL in this comment because it'd be too obviously advertising. But man, are we doing exactly what you're asking for!
How about we join forces bobby?We are both trying to help people, you more on the business side/me also taking care of the more personal side.I believe we can help more people this way.Email in the profile.In any case, good to see others help too.
He eloquently explains that startups are different from "normal" businesses and VCs invest in them because of the possible rate of growth. This kind of business has only been very common in the last few decades in the tech industry. And has probably been amplified in the last two decades by the internet.
Many of the things we call startups are even today referred to by folks we call business people as "not businesses." Instagram for example: was a startup, arguably not much of a business, and doesn't seem to have much of an analogue in history.
Instagram was started with the hope that if they gain enough users, they will be able to figure out how to monetize those users. It's not much of a business today, because they still have not figured out a way to do that.
Those who have invested in Instagram either believe they will be able to figure that out, or they believe they can sell it to someone who believes they can do so.
This is no different than if I were to open a convenience store. I open it -- I'm losing money on rent, the renovations, inventory, etc, etc, etc -- I hope that after a certain amount of time I will be able to attract enough customers to make up for that.. but until I do, I do not have much of a business.
In a way, Instagram is at the opening stage. They're building a user base (what would be the store in my example). And when they figure out how to monetize the users, they will 'open for business' and accept their first customers (probably advertisers.. but they might come up with something else).
There is no contradiction, and there are plenty of analogues in history.