Is It Possible to Be Both a Founder and a Daddy?
techinasia.com
techinasia.com
I have many friends who don't have kids and always say "the time isn't right for kids". Well guess what, if you keep thinking this way, the time will never be right, it's all about going out of your comfort zone, as you are with being a successful entrepreneur. They also think kids somehow limit you in some way, but to me, it's quite the opposite, they give me new perspective, more determination and of course a ton of laughs!
3 children later, it's 8.5 hours on weekdays only. It changed my working practises so that the moment I sit down at the computer it's the top priority task right now and everybody be damned until I need my first long break.
I also find myself asking the question when someone is looking for free help/products "do I want to spend time helping this stranger or spend time with my children?" It focuses my attention on the money, but makes you kinda selfish towards your family, in that regard.
I am married and an entrepreneur for the last two years. My wife and I have been putting away expanding the family thing for while, basically waiting for our startup to reach either profitability or a level of funding where I could draw a salary.
How did you guys manage the expenses? Were you drawing a salary or had sufficient revenues to support yourself when your wife was off work/due?
It's much easier to have kids when you are young, and as long as you have prospects for income you'll be fine. If you wait till after you are perfectly set it will be too late.
Realistically - if your startup failed, could you get a job? If yes, then there is no need to wait, you are set for money.
So if you and your wife manage now, you'll manage then just fine.
"Even with the hectic work demands that I face on a daily basis, I’m still able to be very involved in the lives of my wife and two young daughters."
"Each week, my daughters and I have a “daddy-daughter” night where the three of us go to dinner." (whoah, a whole evening per week?)
"For me, this means setting aside time to relax with my family and give them my full, undivided attention."
"I’m online 24/7 and always checking email."
So I guess the answer to the headline is, if I'm to follow the article, either "no" or "for some definitions of 'daddy'"?
The description you gave above sounds like any working parent anywhere. If the answer is "No" to a startup, then it would have to be "No" to being a simple employee as well.
And maybe I did make the wrong choice when I compared him to myself, it's not about me - but the GP implied an argument about my lack of experience and hence reduced value of my statement. I should just stop arguing on the internet all together, really - it's a no-win situation.
It's a warm welcome amidst all the American 'work work work work work life balance' culture that's prevalent on HN (for understandable reasons, after all, most of HN is American).
There's no point in telling each other all the time how you can't do a startup (or good/interesting software work in general) unless you put in 70 hour weeks for two years straight, so I like reading the occasional counter argument, such as yours here.
My start-up has the advantage that we make money (i.e. profitable) thus I can afford to delegate. If I was single and my company had no money I think that a child both in terms of expenses (they aren't cheap) as well as time would be more problematic.
I full life for myself includes kids and start-ups. I don't think it is an either/or choice.
The problem with valley funding is its basically reliant on the tails of the distribution,without massive IPOs buoyed by hundreds of millions of users(not revenue!) it is not profitable.The truth is there is a lot of opportunity for businesses which dont go webscale. Here is an idea,find a business as a consultant which has an opportunity in a growth industry (They still exist in a recession). Deliver your projects,go to meetups and parties. Take on larger projects from your customer and get some staff. Then look for new customers,building a business which has revenue in the low millions becomes possible and they if you want "webscale" you can bootstrap it yourself.The return on this business would be a joke to a VC but to you would be life changing.
I've seen it many times myself first-hand and now I'm living it. I'm in the process of launching my new startup (www.promoter.io) right now with a 2.5 year old son and I just came from being an early employee/executive at another fast moving startup (www.appfog.com).
Oh, and at the same time, my son is battling leukemia. So often times I'm doing some work from the doctors office (~3-5 times per week without fail) or from the hospital.
It can be done, it's simply a matter of how you prioritize I guess.
I'd rather hear more from the larger majority of struggling founders with families, because chances are I have more in common with them. What's keeping them from succeeding and how did he avoid the things holding them back?
I suspect a zero-sum game is hiding in the relationship between this guy his non-founder employees, because I very rarely read about founders with young kids helping their employees in their struggle to raise a family under startup conditions.
There are family-friendly startup anecdotes out there, but family-friendly startups surely aren't the norm.
It seems like when your kids are older than 7 then the probability of being entrepreneur increases as kids get older.
Completely unscientific but make sense.
I started my startup their freshman year of college.
The years between? Corporate 9-5 jobs (technically, I'm still doing that, bootstrapping with a day job). It wasn't so much the time as the stability. I knew what my hours would be, and what my income would be. But with the kids basically adults now and able to care for themselves if needed, I feel much more free to take risks and do extensive off-hours work while ignoring them.
I am also the dad of a 3-year old. My son is almost the same age as the startup I'm working on.
At times it is tough, luckily I have an understanding wife. And my son is one of the biggest reasons I get up in the morning.
Being a parent is like a roller-coaster (much like working on a startup). You're sad and stressed when your child gets sick. And a child also gives you some of the greatest joys in life you can have - there's nothing like coming home after a hard day, only to find your child smiling at your return, giving you a big hug or a kiss, never missing a day to express how much he/she loves you.
There is a difference between being a parent and working on a startup. Both have highs and lows, however while working on a startup, in stressful times one tends to adopt a fuck-it attitude. Like, if it doesn't work out, that's OK, you learn from experience and then you move on, so there's no tragedy if your startup fails. Not so with a child ... you only have one shot to raise him right, to provide a good education, to make him happy and balanced and that child becomes your biggest reason d’etre, regardless of how passionate you are about other things, like software development or your startup.
So that's why my son is probably the biggest reason for why I get up in the morning.
Burn-outs for example are a non-issue for me. I've been burned-out before and it's hard to explain for why this can no longer happen - but the gist is my son is like a mirror of me, so his well-being functions like a benchmark. When I'm sad, then he's sad too and I can't fake happiness in front of him (children have a sixth sense about that), so whenever that happens, it's time to evaluate whatever I'm doing wrong and cut out on the stress. You see, I simply can't afford to burn-out, as my son depends on me. Same issue I have with catching colds for example - I used to catch colds quite frequently, but ever since my son was born, my immune system seems to have strengthened quite a bit. I'm not joking, it's as if my body knows that I need to be stronger and acts accordingly.
So yes, it's possible. If you feel the need to be a parent and you have a spouse that agrees with you, then postponing it is going to be the singly most stupid thing you'll ever do. That's because (1) children are worth it and (2) when it comes to having children, you only have a limited window of opportunity and before you know it, you'll be too old and even with all medical advances in this field, it's better to have them while you're young.
I have also found it useful for framing priorities in my head, and even negotiating deals with suppliers. Having kids keeps my priorities straight. When I think about spending time or money, I think about the impact on my kids. I have told suppliers (I have a manufacturing company) "Every dollar I save, is another dollar I can put in my kids college fund". It has become a useful framework for negotiation. Every business trip is compared to time I won't be able to spend with the kids.
My wife got tenure and published her first book while working on a strict 40 hour schedule when we had our first kid. Now that we have four kids (9,6,3, and 2 months) she is working a strict 35 hour week and working on her second book. I find it an inspiration of what get done if you focus and have four little constraints running around.
"When your children grow up and asks you why you didn't follow your dreams, do you want to answer - It was because of you?"
At the same time, yes, it's very hard.
The uncomfortable truth is that 100 hours a week won't guarantee you success, and 20 hours a week may be sufficient to build a serious business. Every extra hour your work is multiplying the base value of your idea, expertise, connections and staff, but it is not going to magically cross some threshold of success when you put yourself on a perpetual deathmarch. If anything, I think those 70th, 80th, 90th hours tend to have dramatically diminishing returns, and time away from the office helps refuel creativity and lead to more intelligent decision making and recognition of opportunities.
Of course that's all just my opinion, but one thing I'm sure of: no successful entrepreneur got there without challenges, and they certainly never got there listening to the million reasons the rest of us said it wasn't possible.
If you are that person, whatever you do, don't let on or everyone will crowd into your marketplace! :-)
There are founders and then there are Founders. There are people who've been recognized by VCs as social equals, and who are real executives within VC-istan but still found companies; then there are the long-shot "let's see if this kid makes a miracle happen" founders on audition.
He's in the first set. He's already made it. His investors are OK with him taking his daughter on business trips, which they wouldn't be if he were some unestablished schmuck like most of us. They'd never be okay with paying for the airfare. So for him the answer is "Yes". But if you're trying to break into VC-istan, I'd say "No". It's not only the hours and travel, but also the income volatility and low wages. Of course, there are lots of businesses outside of VC-istan for which different rules apply.
This thread is full of other people who have done similar things.
The problem I have with your comments about starting companies and parenting is not that it discourages new parents from considering starting a company, but that it once again posits that tech startup founders are an oppressed class. But consider raising a kid while working full time cleaning offices. Or as a construction worker. We sometimes sound like we actually believe that only the wealthy in this country successfully raise kids, but we obviously must know that isn't true at all.
[edited to depersonalize the response; sorry]
If anything, I think being a parent made him more focused, better at time management. Young, first-time founders tend to see "work more hours" as the solution to a lot of problems, even when the right answer is something else entirely. He was great at saying, "No, that isn't worth doing," or finding clever ways to solve problems. A lot of his product ideas came out of the time he spent after putting the kids to bed, and I think having the break plus the quiet time away from the office was great for his creativity.
It was also an advantage in recruiting. I could honestly tell engineers that we didn't believe in working stupid hours. And that engineers with kids would be able to have dinner with their families, because that's what the CEO did himself.
> In fact, twice we actually had negative cash (ie, far more debt owed to the bank than cash) and struggled to even make payroll or cover rent. At one point we had to layoff over half of our employees and make payroll by taking an advance out on a credit card – that was just before my wife gave birth.
I guess being a wealthy founder with a family is a sound idea, but being employed by one, not so much.
http://www.mercurynews.com/business/ci_22687870/most-startup...
People in this industry -- moreso than any other, it seems -- often have some need to project their own lot as the ideal way to be in the business. If you're 20-ish and childless, well that's just the bestest way you ever could be, am I right? And so on.