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ENGRTOMBA2018
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AshPe
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psyduck
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AshPe
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Sounds good.

What type of business do you have in mind?
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psyduck
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I think the technology backbone at a lot of fund companies is arthritic. I'm hoping to enable better core tools, data flows, data quality, and pace of innovation.

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AshPe
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Have you identified your possible team members?

For example, who will write the code, who would design, who would sell etc?
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Good stuff! Starting a business with your mba team members can be great but also some wishful thinking as well?

You don’t know them yet! How do you know whether they will be the right people? Further, I’d spend more time on what you’re actually planning on doing first, run it through people, gather some market or consumer data etc.

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AshPe - Somewhat, I have a few people that I want working on the build out. For design, I plan on trying to tackle some of the initial stuff myself, but I'd like to find someone who is really visionary in that area. The selling side needs a bit more thought.

Souvik - Good points! I think talking to others about the plan will definitely help to refine things. Also, I'll try to network in the meantime to start building a strong group of people.

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This seems like a good spot to pass along some life advice.

27 years ago ... before some of you were born ... I was finishing my undergraduate degree in Finance. Somehow, I talked myself into getting to take the capstone finance class in the MBA school as an elective for my undergraduate degree. The professor was the best in the entire program, graduate and undergraduate ... he was always winning awards from the students.

One day, mid lecture, he stops, turns around and says, "Who’s graduating this spring?’

About 90% of the class raises their hands.

He continues, "I was thinking about something over the weekend. Any time someone thinks enough of you to talk to you about a job, give them the courtesy of really hearing them out. Let me tell you a story ... I had been teaching at Indiana after finishing my PhD, and left to take a job as the president of a small software company. After a year of running the company, I decided I missed teaching. I missed the student interaction. So, I started trying to get back to a good job teaching at a great school. Right as I was accepting the job to come here, I received a call from a headhunter. He wanted to talk about a CFO role at another software company that was a year or so away from an IPO. I quickly said no, because my mind was pretty set on teaching. I’ve often wondered how different my life would be if I had really listened. I wonder, if I had, would I have taken that job at Microsoft?"

... then without responding to the gasps in the room as everyone was processing what would have happened to the pre-IPO CFO at Microsoft ... he turned around to restart the lecture.
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Thank youn Regenerate for sharing this. This is one of the important advice when we are switching , choosing and in career.


Regenerate
This seems like a good spot to pass along some life advice.

27 years ago ... before some of you were born ... I was finishing my undergraduate degree in Finance. Somehow, I talked myself into getting to take the capstone finance class in the MBA school as an elective for my undergraduate degree. The professor was the best in the entire program, graduate and undergraduate ... he was always winning awards from the students.

One day, mid lecture, he stops, turns around and says, "Who’s graduating this spring?’

About 90% of the class raises their hands.

He continues, "I was thinking about something over the weekend. Any time someone thinks enough of you to talk to you about a job, give them the courtesy of really hearing them out. Let me tell you a story ... I had been teaching at Indiana after finishing my PhD, and left to take a job as the president of a small software company. After a year of running the company, I decided I missed teaching. I missed the student interaction. So, I started trying to get back to a good job teaching at a great school. Right as I was accepting the job to come here, I received a call from a headhunter. He wanted to talk about a CFO role at another software company that was a year or so away from an IPO. I quickly said no, because my mind was pretty set on teaching. I’ve often wondered how different my life would be if I had really listened. I wonder, if I had, would I have taken that job at Microsoft?"

... then without responding to the gasps in the room as everyone was processing what would have happened to the pre-IPO CFO at Microsoft ... he turned around to restart the lecture.

Posted from my mobile device
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