Just read this post called “Earn or Learn” by Mark Suster that I’d had open in my reading browser for a while. I found it worth sharing for one reason; it removes the ambiguity around startup earnings. He addresses the situation that young people often stumble into – “I’m going to work at company X and they’re giving me stock!” Suster dives right in -
I had a friend get a job offer with a startup recently that had received some funding , they explained that they paid a slightly lower salary but that he got stock options with the company, his question to me was how do I know if it’s a good idea? I thought about for a minute, and I didn’t exactly know how to decipher the startup charade into an actual number either. We ended up just asking the CEO directly, but knew there had to be a simpler breakdown of what was actually going on in such a situation. Mark does a great job of doing just that. Give it a read, and don’t be intimidated by the intentionally confusing chaos.
So I had this come across my inbox the other day, and I finally got around to reading it. I generally will glance over a blog like this in about 10 seconds to decide if I want to read it, but this post leads out with the title - Business Lessons from the Land of Hard Knocks and the opening paragraphs
I was obligated to read. And to be quite honest, I feel like the rest of his post didn’t do his lead in justice, I was expecting some very raw emotional story, but instead he gives us a list, which is also nice, just not as dramatic
The list is really about failure, and getting better at it. I think someone who fails well, will ultimately succeed. Failing can make you shrewd, smart, and insightful, and as an entrepreneur / business person, you need those skills. Frankly, that’s why there is so much value in entrepreneurship, there is rarely a safety net or a nice big hug at the end of a failure, you get the lesson in its most raw form. It’s kind of like golf, where when you get to the end, and you look back and you failed, there may have been some circumstances that didn’t help, but in the end, you can only blame yourself. It was, after all, your business.
So go read Kevin Mireles’ list of 7 things he learned, and be better, because while failure is valuable, it still hurts.