Embracing Entrepreneurship at 35
When I was 22, I was working as an entry-level engineer on offshore
oil rigs in the Gulf of Mexico. When Evan Spiegal was 22, he was
building a company (Snapchat) that would go on to be valued at an estimated $3 billion or more.
There’s no shortage of headlines these days about millennials like
Spiegal, in hoodies, making millions in Silicon Valley. Yet —
fortunately for the rest of us — data also shows that there’s a strong correlation with older age and success as an entrepreneur. For example, Jan Koum was 33 and Brian Acton was 38 when they founded WhatsApp.
Both men, like me, had spent most of their twenties as salaried
employees of large companies before launching their own company (the
hugely successful messaging app that sold to Facebook for $19 billion).
I founded my first company, Project Bly,
last year at 35 — 13 years after my first engineering gig. Unlike
Spiegal, I had over a decade of work and life experiences before I went
out on my own. After working at as an engineer for a year, I pursued a
more traditional career path and did what a lot of smart, ambitious
twenty-somethings not starting companies do: I applied to law school.
After graduating, I learned the ins and outs of corporate law at a big
firm in Silicon Valley and eventually became general counsel at a clean
technology company.
I spent almost seven years lawyering, and while I worked hard and did
well, I rarely woke up excited to go to work. As I approached 35, the
realization that how I spend my days is how I will spend my life
hit me. I wanted to stop living in anticipation of more fulfilling,
happier days, but wasn’t sure if I could step off a carefully laid
career path to chase a dream. The answer I needed came during a trip to
India, where I spent hours exploring the city’s chaotic and vibrant
street markets.
Project Bly had been just an idea for years. The first seed was
planted when I spent several months looking for a one-of-a-kind rug with
history and story. It grew after a trip to Sao Paulo where my online
research for the best flea markets and street art resulted in over 20
open tabs. And then it all came together on the streets of Mumbai: I
wondered, why weren’t there any travel sites focused on street culture?
Weeks later, I sat down and wrote a business plan for a travel and
design website built on the philosophy that to really know a city, you
must wander its streets.
Project Bly was built in San Francisco coffee shops, filled with
other entrepreneurs huddled over their Macs — all more than a decade
younger than me. Intimidating? Maybe at first, but once I actually
started building my company, I realized that 35 is a great age to take
the leap to entrepreneurship. Here’s why.
1. I’ve worked with all types of people. With over a
decade of work experience, I’ve had to work with different kinds of
people and personalities. I’ve worked with difficult people, as well as
people whom I admired and respected, people who inspired me and others
who advised and mentored me. I’ve worked for the boss who gave me more
responsibility than I wanted, but I rose to the occasion and made him
proud. On the other hand, I’ve also had the boss who micromanaged and
belittled me. These experiences have taught me not only how to get along
and work as a team despite potential personality conflicts, but also
what kind of leader I want to be with my own team — and what kind of
leader I don’t want to be.
2. I’ve got perspective. Much like being thrown
together with different kinds of people, having worked in different
companies has given me invaluable perspective on the kind of company I
want to build. I’ve experienced how demotivating hierarchy can be and
seen layoffs go badly. I understand that company culture is more than a
foosball table and free food; it’s about creating an environment where
intangible values like respect, honesty and kindness are always in the
forefront.
3. I’ve got the confidence to learn what I don’t know.
I’ve learned over the years that I will not know how to do everything,
but what I don’t know, I can learn. I didn’t have an engineering degree
when I applied to my first job, but once I got it, I learned what I
needed to. Being thrown into the deep end is one of the best ways to
learn, and knowing I’ve swam before has given me the confidence to keep
going. From design to accounting, I’ve taught myself what I need to know
to run my company, including learning enough to put together an
extremely smart and talented team.
4. I’ve got money in the bank. One of the big
advantages of being older is that I had money in the bank to start
Project Bly. As a lawyer making a six-figure salary, I saved
consistently and invested wisely, and used my savings to start Project
Bly. While it doesn’t make the road ahead any easier, having savings
meant that I could get off the ground and build a product before needing
to raise money from outside investors. Project Bly is still
bootstrapped and I wouldn’t have gotten this far if I hadn’t worked hard
and saved.
5. I’ve got a network. At 35, I have wide social and
professional networks. I made several enduring relationships and
friends from graduate school and prior jobs. These friends and past
colleagues were the ones I reached out to, not only to raise seed money
for Project Bly, but also for advice. For example, the old CFO from my
last job helped me set up my Chart of Accounts on Quickbooks, and one of
my law school classmates is an investor.
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