I am stepping off the treadmill tomorrow

unclebilly · unclebilly's Garage

After 13 years at my company, tomorrow will be my last day. Next week, myself and 3 others are kicking off our new company. We have real backing from a large venture capitalist, it’s going to be an interesting ride for the next few years...

On the upside, if things don’t work out, I can always go back.

aigel · aigel's Garage

Good luck man, but all you are doing now is going from a treadmill straight to running a marathon. You'll report to the VC, the board etc. - just switched the bosses!

G

WPOZZZ · 07-05-2018, 09:23 PM

Quote:

Originally Posted by aigel

Good luck man, but all you are doing now is going from a treadmill straight to running a marathon. You'll report to the VC, the board etc. - just switched the bosses!

G

More like a steeplechase instead of a marathon. Best of luck, and set aside some time for yourself.

sc_rufctr · 07-06-2018, 02:04 AM

Go for it... Working hard makes you feel younger!

cassisrot · 07-06-2018, 02:39 AM

Congratulations and best wishes.

masraum · 07-06-2018, 03:28 AM

very cool, good luck.

billybek · billybek's Garage

Excellent!
Good luck in your new venture.

Baz · Baz's Garage

Keep charging....we got your back, Billy!

sc_rufctr · 07-06-2018, 04:15 AM

My uncle used to say "**** luck". Work hard, set goals you can believe in & go for it.

It's absolutely true.

kach22i · kach22i's Garage

Quote:

Originally Posted by unclebilly

After 13 years at my company, tomorrow will be my last day. Next week, myself and 3 others are kicking off our new company. We have real backing from a large venture capitalist, it’s going to be an interesting ride for the next few years...

On the upside, if things don’t work out, I can always go back.

You cannot go back if the other two beat you to it.

Just kidding.

Good luck, management of stress is going to be essential, you might actually want to keep a treadmill in the corner.

Chocaholic · 07-06-2018, 05:08 AM

So, how about a bit more detail? Opening a brothel?

recycled sixtie · recycled sixtie's Garage

Do you have a website? Perhaps I might be a potential customer?

LWJ · 07-06-2018, 09:01 AM

Congrats!!!

pwd72s · 09:14 AM

Quote:

Originally Posted by sc_rufctr

my uncle used to say "**** luck". Work hard, set goals you can believe in & go for it.

It's absolutely true.

+1

Must be a good biz plan for a venture capitalist to come in. These guys use very sharp pencils. The one I know prefers the term "private equity" over "Venture capital". Kudos to him for doing it, but the poor guy doesn't have a lot of time to smell the roses.

Seahawk · 07-06-2018, 11:23 AM

Quote:

Originally Posted by aigel

Good luck man, but all you are doing now is going from a treadmill straight to running a marathon. You'll report to the VC, the board etc. - just switched the bosses!

All true, but with a stake in the game...that is the difference in this case, I hope.

UncleB, owning a business is a completely difference animal from being a salaried employee. I trust you will enjoy it as much as I do.

Get some.

sugarwood · sugarwood's Garage

Congrats, you just cranked the treadmill to 10.0

Captain Ahab Jr · Captain Ahab Jr's Garage

Quote:

Originally Posted by sugarwood

Congrats, you just cranked the treadmill to 10.0

and added a 10deg incline, hope you've got a pair of good running shoes

Jims5543 · 07-06-2018, 02:07 PM

Quote:

Originally Posted by sugarwood

Congrats, you just cranked the treadmill to 10.0

This is a very accurate statement.

In 1997 I walked away and opened my own company with a Visa gold card. It has been a wild ride with zero regrets. I could never work for someone again.

Sent from my SAMSUNG-SM-G891A using Tapatalk

Shaun @ Tru6 · 07-06-2018, 02:18 PM

Quote:

Originally Posted by unclebilly

On the upside, if things don’t work out, I can always go back.

Yeah, not so much. I couldn't anyway. Once you are the master of your own destiny, it's very hard to go back to "high school" with all the associated drama in the average workplace. No thanks.

unclebilly · unclebilly's Garage

Well, the sun still came up this morning so that’s good.

The new co will be an oilfield service company. I have hit a home run so to speak in this area previously with one of my inventions having brought in ~$600M in revenue and currently being used in 1/3 of the wells currently being drilled in North America. As an employee, I got paid a salary and a meager bonus for this. This time, it’s my turn to reap the rewards.

My current (past) employer is very supportive of my decision to give this a try, almost every member of the executive team (including the president / ceo) reached out to me offering their congratulations for landing the opportunity I did.

The VC I am working with is one of the largest in North America. Start ups are their business.

It’s going to be a wild ride for the next few years.