Sitemaps
Assume Everyone Will Leave in Year One
Stop Listening to Investors
Was Mortgaging My Life Worth it?
What's My Startup Worth in an Acquisition?
When Our Ambition is Our Enemy
Are Startups in a "Silent Recession"?
The 5 Types of Startup Funding
What Is Startup Funding?
Do Founders Deserve Their Profit?
Michelle Glauser on Diversity and Inclusion
The Utter STUPIDITY of "Risking it All"
Committees Are Where Progress Goes to Die
More Money (Really Means) More Problems
Why Most Founders Don't Get Rich
Investors will be Obsolete
Why is a Founder so Hard to Replace?
We Can't Grow by Saying "No"
Do People Really Want Me to Succeed?
Is the Problem the Player or the Coach?
Will Investors Bail Me Out?
The Value of Actually Getting Paid
Why do Founders Suck at Asking for Help?
Wait a Minute before Giving Away Equity
You Only Think You Work Hard
SMALL is the New Big — Embracing Efficiency in the Age of AI
The 9 Best Growth Agencies for Startups
This is BOOTSTRAPPED — 3 Strategies to Build Your Startup Without Funding
Never Share Your Net Worth
A Steady Hand in the Middle of the Storm
Risk it All vs Steady Paycheck
How About a Startup that Just Makes Money?
How to Recruit a Rockstar Advisor
Why Having Zero Experience is a Huge Asset
My Competitor Got Funded — Am I Screwed?
The Hidden Treasure of Failed Startups
If It Makes Money, It Makes Sense
Why do VCs Keep Giving Failed Founders Money?
$10K Per Month isn't Just Revenue — It's Life Support
The Ridiculous Spectrum of Investor Feedback
Startup CEOs Aren't Really CEOs
Series A, B, C, D, and E Funding: How It Works
Best Pitch Decks Ever: The Most Successful Fundraising Pitches You Need to Know
When to Raise Funds
Why Aren't Investors Responding to Me?
Should I Regret Not Raising Capital?
Unemployment Cases — Why I LOOOOOVE To Win Them So Much.
How Much to Pay Yourself
Heat-Seeking Missile: WePay’s Journey to Product-Market Fit — Interview with Rich Aberman, Co-Founder of Wepay
The R&D technique for startups: Rip off & Duplicate
Why Some Startups Win.
Chapter #1: First Steps To Validate Your Business Idea
Product Users, Not Ideas, Will Determine Your Startup’s Fate
Drop Your Free Tier
Your Advisors Are Probably Wrong
Growth Isn't Always Good
How to Shut Down Gracefully
How Does My Startup Get Acquired?
Can Entrepreneurship Be Taught?
How to Pick the Wrong Co-Founder
Staying Small While Going Big
Investors are NOT on Our Side of the Table
Who am I Really Competing Against?
Why Can't Founders Replace Themselves?
Actually, We Have Plenty of Time
Quitting vs Letting Go
How Startups Actually Get Bought
What if I'm Building the Wrong Product?
Are Founders Driven by Fear or Greed?
Why I'm Either Working or Feeling Guilty
Startup Financial Assumptions
Why Every Kid Should be a Startup Founder
We Only Have to be Right Once
If a Startup Sinks, Founders Go Down With it
Founder Success: We Need a Strict Definition of Personal Success
Is Quiet Quitting a Problem at Startup Companies?
Founder Exits are Hard Work and Good Fortune, Not "Good Luck"
Finalizing Startup Projections
All Founders are Beloved In Good Times
Our Startup Culture of Entitlement
The Bullshit Case for Raising Capital
How do We Manage Our Founder Flaws?
What If my plan for retirement is "never retire"?
Startup Failure is just One Chapter in Founder Life
6 Similarities between Startup Founders and Pro Athletes
All Founders Make Bad Decisions — and That's OK
Startup Board Negotiations: How do I tell the board I need a new deal?
Founder Sacrifice — At What Point Have I Gone Too Far?
Youth Entrepreneurship: Can Middle Schoolers be Founders?
Living the Founder Legend Isn't so Fun
Why Do VC Funded Startups Love "Fake Growth?"
How Should I Share My Wealth with Family?
How Many Deaths Can a Startup Survive?
This is Probably Your Last Success
Why Do We Still Have Full-Time Employees?
The Case Against Full Transparency
Should I Feel Guilty for Failing?
Always Take Money off the Table
Founder Impostor Syndrome Never Goes Away
When is Founder Ego Too Much?
The Invention of the 20-Something-Year-Old Founder

There’s No Such Thing As Good Timing

Kayla Medica

There’s No Such Thing As Good Timing

1*A__IT7SD2E-xxgyfYtdbuA

There’s never a good time for an entrepreneur. Twice I’ve thought about going back to the corporate life, but there’s always been something that kept me out of it. Each time it’s felt like a message from the startup gods.

When I quit my first ever full time job, I had nothing lined up to transition into. It was a time of year when no one was hiring. I had quit with intentions of freelancing instead, but I was still applying for full time jobs, just in case.

I struggled a lot in the first month or two which were full of rejections, work that left me feeling unsatisfied, and low pay.

I had an idea for a project and I needed some sponsors to get it off the ground. The first person I contacted was a cold email to my state’s library manager. Around the same time I was getting a lot of interviews and it finally felt like someone was about to offer me a full time job.

Granted it was a terrible job that made me cringe a little inside, but I was also self doubting and crying a lot and on top of this a lot of people around me were telling me to suck it up and get a job.

I want to make it clear that I was making roughly $1000 a month right after quitting my job, and tripled it after just 3 months.

It was the day before my final interview for a full time position and the State Library emailed me back asking me to go in and talk to them — they were interested.

My first thought was if I take this job then I won’t be able to work on this event. The thought was making me feel almost claustrophobic. Not being able to do something exciting and challenging because I was chained to a desk answering phone calls made my skin crawl.

I didn’t go to the interview.

The State Library sponsored a venue, that first sponsorship set off a chain reaction of more sponsorships, and the event went ahead. The story of that event is a whole different story, and I’ll get to it one day. A short version is that it was stressful and hard, but ultimately was successful and very fulfilling.

The guest speakers from that event turned out to be incredibly valuable allies, and one invited me to partake in a startup program he was running, the Innovation Dojo. Before this I wasn’t really thinking about startups.

1*TMdDZmLm94auDy8bZ0pfVQ

The Innovation Dojo, gave birth to an idea and even after it ended, I kept thinking about and developing this idea for another 3 months or so. Throughout this time, I met and spoke to a lot of mentors, investors and other relevant people in the startup community.

I ended up becoming super involved and invested in the community here in Sydney.

My biggest problem is that I’m not a tech person. I’m a hustler, in startup terms. Finding a tech co-founder seemed impossible and everyone was telling me my project was so big I’d have to go to Silicon Valley because Sydney was too small a pond. Then a very, very old friend and I caught up, I told him what I was working on and about two weeks later he emailed me “why haven’t you asked me to be your tech founder yet???”. I couldn’t stop smiling for the rest of the day!

Last week I came to the realisation that if I wanted to get serious about building this project, I needed to free myself up a bit. I needed a 9–5 where I could go home without taking work with me and could then focus on this project. I didn’t want to spend half my day chasing clients, old and new, and worrying about where my income was coming from.

It was time to find a full time job.

That brings us to Wednesday of this week. We had a meeting where he showed me his plan for the tech, how to build it and all that jazz. Originally it was supposed to happen a week later but things came up and I asked to reschedule and my tech founder said “well what about right now”. He came to my office at 8pm, took over the whiteboard and we were there until almost midnight building a plan.

From all the people that I had talked to about this project, I came to the conclusion that it’d take about six months to a year to build. My new tech founder told me if he had a team of two to three people he could get it done in three weeks.

THREE WEEKS!

On Thursday, the very next day, I had an interview with a company that’s very involved with the startup community and it would provide me with a lot of resources and contacts once I’m ready to use them.

It’s now Friday, I’ve just received an email telling me I passed the first interview, and the next step is a face to face meeting.

But my six to twelve month road map just got shortened to three weeks.

We already have a customer who’s waiting for us to build something so they can start using it. They were happy to wait six months and now they can have it in three weeks.

As soon as it looks like I’m about to get a full time job, I jump the corporate ship all over again. The excitement of potential is often all I need.

Screen Shot 2017-04-25 at 6.10.47 PM

Time skip.

Tuesday the next week was interview day. It was also my birthday. My interview was in the afternoon, and I spent all morning thinking over what I really wanted. Be employed and learn and experience as much as possible, putting my own projects on the back burner while I ‘developed’, or, screw everything and dive head first into something that had a lot of potential but no safety nets. I didn’t know which one I should choose.

Then my dad called me. “Happy birthday, what are you doing today?”, “working…”. My dad knows I don’t work at a company and I’ve been freelancing, and I told him about the interview and also told him I wasn’t sure what I wanted. He said he would always advise me to work for myself and not someone else. He himself has always had his own side business since before I was born and said that going to one job right after finishing another every evening is straining and never gets easier.

I got off the phone and almost started crying because his advice didn’t really help alleviate my internal struggle to figure out what I wanted. Thanks dad!

My best friend told me to go for my dreams. My boyfriend told me to get a job and work on things on the side — safety first.

I went to the interview. Literally right as I was leaving my desk to go to the interview, I got an email offering me a fairly large freelance gig that is pretty much exactly what I specialise in. Yet another shiny thing to pull me away from being employed.

In the interview, I feel like my inner turmoil definitely came across and it’s one of the few times I’ve left an interview not knowing if I did well or not.

I went home, skipped my birthday dinner then cried for about two hours. I slept on it.

The next day, I woke up and had a message from my CTO. It was a shared folder of drawings, plans, strategies, and all sorts of goodies. I spent my lunch break going through it, commenting on things that were a bit off, taking notes of things we’d need to decide on later.

Things got clearer at this point. I had convinced someone else to believe in me and my ideas. Why can’t I believe in myself? I typed an email to the people who interviewed me, thanked them for the time they spent with me and referenced a few things we spoke about in the interview. To be honest, I don’t think they’ll be surprised with my decision to pull out.

The Lesson In This Story

There is none. Everyone I spoke to gave me different advice. I read Warren Buffet articles, listed out my beliefs, I did it all. Nothing helped me make my decision, and they probably won’t help you if you ever need to make this decision either.

Don’t look to others for advice, just cry about it until one option seems impossible to turn down (and don’t worry if it’s the ‘right’ one).

No comments yet.

Upgrade to join the discussion.

Already a member? Login

Upgrade to Unlock