I Dropped out of College to Work at a Startup That Failed. What Should I Do Now?

Someone on Quora asked for advice:

I am feeling confused about my life’s direction.

I’m 23. I dropped out 2 years ago to work on a startup and my startup was cash positive during the second year. The startup failed due to ego conflicts between founders. I was the principal founder. But due to my extravagant life style, I ended up broke. I studied Computer Science and I was good at academics.

I have two options.

1. Go back to college and complete my degree and look for a job (like most of my friends).

2. Starting my own startup as a single founder.

This was my response:

Where do you live?

School isn’t that bad of an option. It provides you with an opportunity to retire at a steady job.

Being a single founder CEO is the hardest thing in the world. I’d suggest finding co-founders if you consider that route. I could use a good programmer who understands financial technology, if you happen to understand that particular industry.

Ultimately though, you should work part time on your business and full time on your education or job.

Originally posted on Quora.

Leonard Kim consults startups and writes books like The Etiquette of Social Media: How to Connect and Respond to Others in the World of Social Media



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