4 years of one's life just for a 100k exit? Honestly that's the kind of thing that I got into software to escape.
Edit: I mean this literally. I spent three and a half years building a brick and mortar educational business that exceeded the success of the one in this article by some margin. I left that business to learn web development skills because of the slow painful growth in a shrinking offline market.
Perhaps, this makes me an unreasonable person but I truly did get into software to escape that. I want to either give far more to the world in terms of impact or earn enough to fund someone else who can.
Well, that was a first attempt. A lot of people spend a lot longer than 4 years not making a first attempt. Then, when you know how to do something you can be faster at it next time round. But, in all honesty, I don't know anyone who built a business in time less than 3-4 years.
4 years earning an above average household income while working for yourself from home, followed by selling at 28x monthly revenue, which will be taxed as a long-term capital gain instead of income. There's not much better you could ask for....
As a software developer, if you have an appetite for risk; you're always better off doing recurring (well paid) contract work for some big corporation than playing the start-up lottery.
This 100K exit is actually quite an achievement I think.
This is so true, and it made huge differences in my day job as it helped me see the bigger picture. It also meant that my contributions in board meetings and such were able to shift outside of the usual CTO role.
Edit: I mean this literally. I spent three and a half years building a brick and mortar educational business that exceeded the success of the one in this article by some margin. I left that business to learn web development skills because of the slow painful growth in a shrinking offline market.
Perhaps, this makes me an unreasonable person but I truly did get into software to escape that. I want to either give far more to the world in terms of impact or earn enough to fund someone else who can.