Young people have a unique advantage over someone who only got their MBA or only has executive experience. Many MBA's and business execs start startups and think they are qualified because they understand business. Makes sense, right? An MBA is trained on everything a business will endure over its lifetime.
The problem here is that startups operate under a different set of rules, and MBA's or executives sometimes fail to recognize these new rules. I don't blame them. The new rules are quite absurd. Here are a few of them:
- Hand recruit your first users
- Don't outsource code
- Don't invest into marketing until you have product market fit
Hand recruiting users seems like an inefficient task to them, so they put out Facebook ads instead. Selling a developer on working for them for free or for equity is improbable, so they outsource development to an agency. They invest into marketing before a small group of people is obsessed with their product.
These are mistakes that kill startups, but since these people were successful once before, they think they know the startup playbook already. They may be less likely or eager to learn about the differences between a business and a startup than a young person.
You, as a young hustler, have no experience to go off of. If you learn how to start a startup the right way from the beginning, you have a supreme advantage over your older and experienced friends wanting to start a startup. There is nothing to unlearn.
Working out of your apartment with 5 people on a Friday night isn't as weird if you didn't know any other way to do it. So, next time you think about starting a startup but don't because you are inexperienced, know that that is your superpower. Now go change the world!