Wednesday, September 27, 2006

No money to pay

I found out from one of my close friends that one of the people working for the startup has no revenue! So people who are working for them aren't getting paid at all for the moment. That's shocking. For obvious reasons I won't name the startup, they are getting people to invest in it but they have no revenue at all. So essentially people working for them now are working for free. Perhaps that is why the HR manager has not gotten back to me yet... even though she said she was going to 2 weeks ago. I found out today they only just hired the VP of engineering.. who I am supposed to talk to, last week.

That reaaally puts me off from joining them. I didn't believe in their product in the first place. Frankly I wouldn't understand, nor anyone who I have talked to, the need for that kind of product. In some ways I hope it suffers and dies a tragic death, but on the other hand if they offer me insane pay I'll join them but not if they're not paying me.

On to something totally irrelevant, here's a short article on what Bill Gates wish he'd known
http://money.cnn.com/magazines/fsb/fsb_archive/2006/03/01/8370302/index.htm

And on to something else, my business is sort of plateauing. To be honest I have done as much as I can on my own, and it has been really hard work. The growth rate of my business is shown here

2002 - baseline
2003 - 158.42%
2004 - 144.96%
2005 - 142.53%
2006 - To be determined

I really need a partner to market my software. Growth has been significant over the last couple of years. But then again that's not very hard to achieve considering the small amount I was making before. (Before 2002 I don't even want to talk about how much I was making then, but it was very very very little.)

You don't realise how much work you have to do from developing a product, marketing it, handling customer email, developing the website, looking at competing products, and more. The best thing is, I learnt all of this on my own with zero academic knowledge applied. I didn't even take up any so called entreprenuership courses. Is university really that useful? All my friends are now working for people making them richer and I'm making money on my own. Would you hire me for a greater sum of money than them? (By the way my grades are also within the top 1% of the university) I applied for a position with Accenture recently I wonder if they will even reply or feel threatened with my background. Frankly I feel sometimes if you are too ambitious the company won't hire you.

Time for bed.

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