I
sent a tweet out last week that resulted in some healthy debate:
“three years ago, I was telling everyone I met to start companies. These days, I’m telling everyone to think twice”
Of course, it’s not fair to give general advice like that. But what I meant was, 3-5 years ago, when I met someone who was thinking about starting a company, my bias was one of action. Today, my bias is one of caution.
What’s changed? Couple thoughts:
1. First, part of my perspective is just driven by my natural instincts to be counter-cultural. When there seems to be a lot of hype around an area or activity, I find myself pretty un-attracted to it. Bill Sahlman has a wonderful chart he shows students about the trends in the industries that HBS students tend to flock to, and the subsequent performance of those industries. When a surge of students start pursuing an area, you can almost predict that a crash is coming. I can tell you that the surge of HBS students pursuing startups right now is at a new high.
To read the full, original article click on this link: Think Twice Before Starting a Company - Business Insider
