A piece of advice I once got from Paul Graham

Posted by Fred Oliveira on January 15, 2009 | Comments (3)

Back in 2007 I was in the bay area visiting a company to check out a few upcoming products, and being that I was staying with Mike at the Techcrunch HQ, I took the opportunity to visit a couple of startups like the good old days. Luckily for me, YCombinator was hosting a dinner with their companies and they invited me and Nick Gonzales to come over for it – which we did. It turned out to be a great dinner[1].

I took the opportunity to ask Paul Graham for advice on something that was troubling me at the time. A little context: WBS had two main sources of income – products and consulting. Goplan was growing steadily (it became profitable a week after launching) and our consulting business was doing extremely well. I had growing questions of where to focus our efforts.

So I asked Paul what he thought we should do – focus on our products, or our consulting business. It was now two years ago so I can’t remember Paul’s exact words, but his answer went something like this:

“It is pretty obvious to me. You have a growing, successful product and a team that has proven it can deliver. Why spend time working on the ideas of others when you can do something great with what you have today, and worry about your consulting in the future? You have a great opportunity right now.”

I left YCombinator that day with those words in my mind and I remember them to this day. I often get into conversations on whether to work on one’s ideas or work for others (be that as a consultant or just joining the ranks of a major company) – and although I don’t quote PG on those conversations, my advice has always been the same. Work on the things you are passionate about[2] – particularly while you can afford to do it.

Foot notes

[1]: Three highlights from that evening: meeting the Justin.TV guys, who were then just a couple of guys with a neat idea and weird headgear; Trevor Blackwell’s robotics lab (at the YCombinator HQ), still ingrained in my memory as the coolest place on earth (homegrown Segway!); Jessica Livingston, kind enough to give me a signed copy of her book Founders at Work (which you should read if you’re an entrepreneur) before it went out on the shelves.

[2]: This was actually one of my new years’s resolutions – to only work on things I’m passionate about. It’s been working just fine thus far, and I’m not alone in this.

Comments on this post

Hi Fred,

I have to say that I had the same problem with an added feature! :) I’ve got a business that is working very well based on outsourcing, another one of consulting (doing projects for someone else) and and I wanted to launch products of my own!

The extra feature was that I was doing this using the same brand and it was a mess on my head! RUPEAL was doing everything and It wasn’t clear what I wanted for the company. Products? Outsourcing? Consulting?

So I’ve created two brands for making this clear so that whenever I’m working on RUPEAL I know it’s about Outsourcing, and whenever I’m working on The Water Bearers it’s about consulting! RUPEAL has it’s strategy and The Water Bearers a completely different one!

The focus on products for me it’s obvious. That’s what I want to put my money into! So The Water Bearers do both: Projects for others and Products for ourselves! But I treat it has if it was another project contracted to TWB where I (and my partners) are the client!

It was really important that we separated this so that we can do everything without collisions and with quality!

Cheers!

My dream job is working on things that I’m passionate about.
Right now, besides my current job I’m doing 2 consulting gigs. I realize that the money is good, but being happy is better.
Maybe I just can’t take stupid people anymore, my last tweet was http://twitter.com/nmariz/statuses/1123465590

The Y Combinator group seems to be quite an interesting incubator, Reddit being their most successful startup by all accounts. I’m surprised other folks out there aren’t starting their own version of YC.

From what I’ve watched of Paul Graham at various conferences, he seems a pretty smart guy and an Englishman too. :)

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