Sunday, November 27, 2005

Bill Joy on starting a tech company

I would like to start a company of my own sometimes in the future. The biggest question that I haven't answered for myself is that why do I want to start a company? The first thing that comes in my mind is potential financial rewards. Often I was told that this is a not good reason to start your company. Bill Joy reiterates on this issue:

FC: What's your career advice to people who want to start out in the tech business?

Joy: Understand the technology, even if you're in management. And before you go to business school, get a feel for what it's like in a company of moderate size, where you can really see what the processes are. If you want to start a company, you should do it because it's an idea that you're very passionate about, without any financial expectations. You're not anticipating failure, but you have to accept that if it's worth doing, and it's hard, you can't be guaranteed of success. You have to be doing it for the right reasons.

What do you think?