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New Opportunities, Hard Choices - Page 2

Blogs > MightyAtom
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MightyAtom
Profile Blog Joined June 2004
Korea (South)1897 Posts
November 26 2014 12:48 GMT
#21
Have to go to a meeting,
so I'll reply more when I have time tomorrow. ^^
late late!
Administrator-I am the universe- Morihei Ueshiba
Advantageous
Profile Blog Joined May 2012
China1350 Posts
November 26 2014 19:01 GMT
#22
Mighty... you're like the Mark Cuban of TeamLiquid.
"Because I am BossToss" -MC ヽ༼ຈل͜ຈ༽ノ raise your dongers ヽ༼ຈل͜ຈ༽ノ I'm sure that all of my fellow class mates viewed me as the Adonis of the Class of 2015 already. -Xenocider, EG, ieF 2013 Champion.
iseefor
Profile Joined September 2010
United States162 Posts
Last Edited: 2014-11-26 23:15:23
November 26 2014 23:10 GMT
#23
On November 26 2014 20:52 MightyAtom wrote:
Show nested quote +
On November 25 2014 20:57 iseefor wrote:
as always amazing read. i feel like you could wright about grass growing for 100 pages and i would still read every last word.


Thanks ^^, I know I don't give enough details, but I hope if I come out on top after all this, I can do a really detailed 100 page recap. lol.


I just pretended you were George Clooney in oceans eleven. just got to get though one last job.

also that would be amazing lol

.CJ.herO lifer.
sabas123
Profile Blog Joined December 2010
Netherlands3122 Posts
November 27 2014 14:57 GMT
#24
nice blog man, hope to see you at the top when I (hopefully) make it there aswell!
The harder it becomes, the more you should focus on the basics.
zobz
Profile Joined November 2005
Canada2175 Posts
November 27 2014 22:32 GMT
#25
You're wrong about pride, IMO. Pride is the greatest, cleanest of motivators. It also should not conflict with your rationality. What I'm wondering is, why would you need to achieve growth in a low-growth industry in order to achieve pride? Being "the guy who switches" could be your thing, in a historic way if you're capable. That strikes me as a unique and important role, to shift your investment of skill toward whatever is in the earliest stages of development in order to accelerate the initial growth across all industries, like an investor. But, of course, if you just really love this industry you're in, and think you see something important that nobody else does, that could be all the reason in the world for you to stick it out.
"That's not gonna be good for business." "That's not gonna be good for anybody."
EJK
Profile Blog Joined September 2013
United States1302 Posts
November 28 2014 01:24 GMT
#26


listen to the song lyrics. Get inspired.
Sc2 Terran Coach, top 16GM NA - interested in coaching? Message me on teamliquid!
Impervious
Profile Blog Joined March 2009
Canada4222 Posts
November 29 2014 15:49 GMT
#27
I'd like to know how you analyze and manage risk when dealing with big life decisions.

I don't like the "Go big or go home" attitude. In a poker tournament, if you get pocket aces on the first hand of the tournament, are you going to go all-in right away for a pretty big potential gain? Hell no, because even if you've got a 90% chance to win that hand, on that chance that you do lose, you lose out on all potential opportunities that may come up again in the future, which more than outweighs the rewards. In poker, I have a decent understanding of how to balance that risk vs reward, because the numbers are, for the most part, easy to calculate to a rough accuracy. Life is not so easy.....
~ \(ˌ)im-ˈpər-vē-əs\ : not capable of being damaged or harmed.
husniack
Profile Blog Joined January 2012
203 Posts
November 30 2014 01:05 GMT
#28
On November 27 2014 04:01 Advantageous wrote:
Mighty... you're like the Mark Cuban of TeamLiquid.


To an ant, even a single droplet of water may encompass a day's hydration.
MightyAtom
Profile Blog Joined June 2004
Korea (South)1897 Posts
December 01 2014 05:09 GMT
#29
On November 26 2014 07:20 JollYRoGeR wrote:
Being a quite young entrepreneur myself I find it relaxing to read your blogs. I've never chosen short or long term winnings instead of my personal goals, and from what I can tell I've done right doing so. I'm quite comfortable in my current market, even though it's heavily niched and I can literally see the end of great profit for me, still I want to struggle and make it work somehow. Although I must admit that a part of me has given up as I've gotten into the industrial property market to have safe investments with good ROI.

The choices you have to make are difficult for sure, but I've always thought that a great entrepreneur can adapt in basically any market. Also, most successful entrepreneurs have big egos. I'm not totally convinced neither you or I will ever be satisfied. If I ever will be, I've misjudged myself, gotten different priorities or hit a brick wall. Not sure what I wanted with this post, but I can safely say that I enjoy reading your cryptic blogs.



Have stability makes a massive difference, most of my corporate achievements only happened when I had stability to make a routine, but I was always flexible enough to create some exceptional value - but- it was always on the shoulders of the established system. But on a personal note, when you don't need to worry about your monthly rent or paying your staff on time, it does lessen your mental stress.

You know there is always that issue, when do stop, when it becomes unnecessary to go further - whether it be Alexander or Napoleon, pushing too far when they had everything - I guess that would be great problem to have, or taking a stock that this victory will be pyrrhic.

Maybe, if I get to where I want, I wont' be satisfied, but you know we grow, we change and mature, but right now, this blog reflects something really on my mind right now. And thanks for the complement, I know the blogs are cryptic and maybe one day they wont be keke ^^ but thanks for appreciating them anyways lol.
Administrator-I am the universe- Morihei Ueshiba
MightyAtom
Profile Blog Joined June 2004
Korea (South)1897 Posts
December 01 2014 05:10 GMT
#30
On November 26 2014 11:09 MysteryMeat1 wrote:
Show nested quote +
On November 25 2014 18:52 Boonbag wrote:
ur future is to move usa and jump in weed business


http://motherboard.vice.com/read/these-college-kids-are-trying-to-make-buying-weed-as-boring-as-possible?utm_source=mbfb


I think these guys are well on their way to being more successful that I ever will be lol.
Administrator-I am the universe- Morihei Ueshiba
MightyAtom
Profile Blog Joined June 2004
Korea (South)1897 Posts
December 01 2014 05:12 GMT
#31
On November 26 2014 15:08 Cele wrote:
you're really full of it eh? like im top 5 here, could do what i want there. Nice for you if you think your good, but perhaps you'e self assesment is a bit off.


And if it isn't? Then what does that make you sound like?
Administrator-I am the universe- Morihei Ueshiba
MightyAtom
Profile Blog Joined June 2004
Korea (South)1897 Posts
December 01 2014 05:13 GMT
#32
On November 26 2014 16:32 Juliette wrote:
my best wishes, i hope you're happy doing the work you're doing, even though its hard and for the sake of proving you can. always nice to hear from you on TL . i hope miniatom is doing well too!!


Always thankful, and both mini and tiny atom are growing up well ^^ Hope you're doing well as well. Cheers.
Administrator-I am the universe- Morihei Ueshiba
MightyAtom
Profile Blog Joined June 2004
Korea (South)1897 Posts
December 01 2014 05:14 GMT
#33
On November 26 2014 21:47 Ctone23 wrote:
Timing is everything in the private equity game. Good luck to you.


Thanks ^^
Administrator-I am the universe- Morihei Ueshiba
MightyAtom
Profile Blog Joined June 2004
Korea (South)1897 Posts
December 01 2014 05:18 GMT
#34
On November 27 2014 04:01 Advantageous wrote:
Mighty... you're like the Mark Cuban of TeamLiquid.


I wish,lol, that is a comparison very much out of my league - ^^ - I think when I was doing the TL knowhow project, I was amazed how many very accomplished business professionals are on TL. The more I've stepped away from my corporate career and have less to show on my entrepreneurial track record, it's not like I have some major achievement yet on the later to show like Mark Cuban does and I think from reading some of his material, I do respect him and his knowledge is broad. I'm very much more specialized in my industry, but thanks- I mean at the very least TL gives me a place to vent/express and whatever I can contribute back to the community is always my pleasure ^^
Administrator-I am the universe- Morihei Ueshiba
MightyAtom
Profile Blog Joined June 2004
Korea (South)1897 Posts
December 01 2014 05:19 GMT
#35
Need to go to the bank and pay the bills ^^
See you guys in a couple of days or sooner!
Administrator-I am the universe- Morihei Ueshiba
thedeadhaji *
Profile Blog Joined January 2006
39489 Posts
December 02 2014 08:26 GMT
#36
On November 26 2014 21:47 MightyAtom wrote:
Show nested quote +
On November 26 2014 05:36 thedeadhaji wrote:
I roll my eyes whenever I meet someone who starts/joins a startup for the financial upside; startups have strictly inferior financial EV propositions for the typical high achiever type [1]. High finance, consulting, bigco management, or engineering at a typical SV bigco have much better financial prospects.

Personally, I think the two reasons someone should consider startups are (1) the product, or (2) the people [2]. "Personal growth" is often cited, but I think this a fallacy, since much of the work you do at a startup is basically "take out the trash" style grunt work that just has to get done.

GL. See you early next year.

---

[1] Maybe it can make sense if their background would preclude them from a traditional career route, but they have very high aptitude despite the lack of obvious "on paper" signals.

[2] Maybe "winning" is another one, since both you and another friend of mine (CTO at a Series B stage company) seem to have that as your primary motivation. This might make sense since "winning" at a startup isn't about yourself but is instead about the company. No matter how many promotions and raises you get at a startup, if the company fails, you've failed to win as well.


Your point about people, I guess you mean as a team going at it, the adventure, I personally wouldn't want to curse anyone with that kind of adventure because of what a start-up entails, namely, a shit load of work that is super grunty.


For me, people means people you want to be around: character, trustworthiness, commitment, shared values, competence.


I get what you're saying about the personal growth thing - but to I'd say, doing a start-up for personal growth is more naivety - what you really learn is resourcefulness and the end result is that, whether or not you are successful, everyone gets a sick dose of reality and that always develops character lol.


Many (younger) folks seem to believe that startup = smaller team = more ownership = more personal growth. But as you say, what you end up doing most of the time is scrappy, "resourceful" (as you say) work where you're often doing very unglamorous work day to day. This contrasts sharply with the expectations of the candidate who is seeking personal growth, because such people envision sexy work that "looks and sounds good". You probably will end up learning more than a typical bigco job, but not likely in the path or manner you envisioned.


But that leads up to your last point [2] and this stood out for me,

'if the company fails, you've failed to win as well."

and if anything comes come close to summing it up,
for me that would be it.

I still do consulting on the side, I still make cash for others, I still got the juice, but no matter what happens,
what I count as the real proof of my accomplishments is all tied here.

But it goes a bit deeper than needing to win,
I never needed to win,
but I want the power to crush.


Reminds me of HF managers for whom success isn't about money but winning and crushing their peers at the game.
MysteryMeat1
Profile Blog Joined June 2011
United States3292 Posts
December 03 2014 17:20 GMT
#37
On December 01 2014 14:10 MightyAtom wrote:
Show nested quote +
On November 26 2014 11:09 MysteryMeat1 wrote:
On November 25 2014 18:52 Boonbag wrote:
ur future is to move usa and jump in weed business


http://motherboard.vice.com/read/these-college-kids-are-trying-to-make-buying-weed-as-boring-as-possible?utm_source=mbfb


I think these guys are well on their way to being more successful that I ever will be lol.



Ya they are really amazing and incredibly nice as well. All my club mates, them included make me feel dumb but push me ti achieve more.
"Cause ya know, Style before victory." -The greatest mafia player alive
MoonfireSpam
Profile Blog Joined September 2010
United Kingdom1153 Posts
December 03 2014 21:13 GMT
#38
What do you actually do? Read through a few previous blogs and can't work it out, other than being in "business".

I'm genuinely curious, spent the last 10 years in the bubble of medicine, which also encompasses most of my friends. I literally cannot understand that people do in offices that comprises a 50 hour week.

Admittedly my only exposure to the MBA/management/business crowd are hospital managers and our Director all of which are shit, and sit in our Emergency department gassing all day ahout how they are "on call" which really they are sitting on a desk doing fuck all. It's like all they've done is brought in software that doesn't work, an in house locum "agency" that underpays staff (and is thereofre ignored), and a shitty poster about how the hospital is "proud" of the department. Shit showing for the last year. I do assume these guys are truely the bottom of the barrel.

I'm considering doing a part time course in something like that just to see what the fuss is about.

TelecoM
Profile Blog Joined January 2010
United States10760 Posts
December 06 2014 22:20 GMT
#39
Nice blog.
AKA: TelecoM[WHITE] Protoss fighting
KurtistheTurtle
Profile Blog Joined December 2008
United States1966 Posts
December 17 2014 03:07 GMT
#40
On December 01 2014 14:12 MightyAtom wrote:
Show nested quote +
On November 26 2014 15:08 Cele wrote:
you're really full of it eh? like im top 5 here, could do what i want there. Nice for you if you think your good, but perhaps you'e self assesment is a bit off.


And if it isn't? Then what does that make you sound like?

hahaha. reminds me of this poster
+ Show Spoiler +
[image loading]


On November 26 2014 05:36 thedeadhaji wrote:
Personally, I think the two reasons someone should consider startups are (1) the product, or (2) the people [2]. "Personal growth" is often cited, but I think this a fallacy, since much of the work you do at a startup is basically "take out the trash" style grunt work that just has to get done.

[2] Maybe "winning" is another one, since both you and another friend of mine (CTO at a Series B stage company) seem to have that as your primary motivation. This might make sense since "winning" at a startup isn't about yourself but is instead about the company. No matter how many promotions and raises you get at a startup, if the company fails, you've failed to win as well.


I was wondering about that too, and decided there are two reasons worthy of making a decision to join a startup:
1) You're so passionate about it that you have to do it and you're going to do it anyways.
2) The world needs you to do it.

This makes "wanting to win" an auxiliary benefit of working in a startup where hustle and bullshit are proportionally rewarded in a visceral, immediate way you can't get in most larger companies. This strongly appeals to people of a certain character, but ultimately I don't think it can replace 1) or 2).

But where does reason #1 stop, and pride start? When you start doing things you weren't going to do anyways, because you're scared.

If you take outside investment, that means you've explicitly agreed to either grow huge, or crash into the ground. For the startups in my city, I see that focus on competition in 'unknown spaces' often dilutes energy towards concentrating on the areas that will 10x or even 100x you in favor of justifying to investors in the short-term.

Of course, merely having 1) or 2) doesn't mean you'll win. It just means you've got a chance to win.

GL MightyAtom!
“Reject your sense of injury and the injury itself disappears."
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