Topic Corporate vs Startup
Date November 16, 2017
Category
Tags, ,

Corporate vs Startup with David Khandrius

After starting 2 companies in college, David finished school and decided to give the corporate world a go. After working in Product Management in the financial sector, he decided that corporate wasn’t for him. After one of his companies was acquired, he then dove into the startup world and is now the Director of Product at JUICE.

On the 16th of November 2017, David hosted a q&a on Goodwall talking about startups and corporations. The session was joined by 30 students from around the world.

"My best tip is to read A LOT. This will help you learn from other people's mistakes instead of making your own."

Was it difficult? —Gabriele

It was definitely a difficult leap to take because of the uncertainty. But it was definitely a rewarding one. Any time you take yourself out of your comfort zone and challenge yourself is when the best things happen.

How did you know it was your calling at that age to start two companies? —Bessie

It was kind of ingrained in me. I started my first “company” at age 15 when I started building websites for club promoters and local DJs, I loved the feeling of having control vs not having it in corporate.

What inspired you to do so? —Nicole

I have a lot of friends in the startup world and I do a lot of reading. That’s where my inspiration came from. Network is super important. It’s all about who you spend time with and surround yourself by

As someone interested in cultural psychology I want to ask whether cultural differences show itself in corporate world & startups? I mean once one girl who was entrepreneur said me it was tough to be entrepreneur for her compared to her male friends. Do you notice such differences in the workplace? If yes, how do you think we can diminish this stereotypical difficulties? —Aytan

That’s a great question! In the corporate world the HR rules and policies are very strict so people take care to monitor their behavior. In startups it is less strict so things like discrimination happen more often, unfortunately. There is a huge push in the startup world to eliminate that now. If you’re a founder, it’s important to establish a culture of equality from the get go. In regards to the disadvantages compared to others – there are a lot of organizations now that are aiming to help under-represented groups in the startup world.

What should someone think before opening a startup? —Gabrielle

Starting a startup is not always for everyone. Being a founder is basically putting out fires all day long. You’re always “on”. The first thing you should think about is if this lifestyle is for you. It’s very easy to lose friends because there is no time. However, if you like startups but don’t really want to be a founder, you can always join as one of the first hires and still get an amazing experience.

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How did you start off in terms of funding and creating a team? —Goutam

My company was a creative consulting agency so I was self funded. II started getting clients from the beginning through my network and then turned it into a business. I grew my team by one very important rule: being good at hiring is very hard. But you need to be good at firing. This means you can hire someone, but be quick to see if they are doing a good job.

Were there many difficulties? —Gabriele

There are many difficulties in starting a company. The hardest one is when you are in charge everything falls on you. Everything becomes your fault. You are the face and the voice of the company, so you are always “on” – no breaks.

Did you face challenges and challenges like? —Bessie

Definitely lots of challenges. When you’re starting everything is a challenge. But part of the adventure is solving those challenges.

Where did you go to college? —Natasha

I went to college in NYC. Baruch College

Do you invest in other start-up's too? —Goutam

I do invest in startups. In the corporate world I started working in the Financial sector

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How did accommodate the college course load with all the responsibilities of your own startup? —Natasha

Very little sleep and a lot of coffee ! Sometimes i had to skip schoolwork for the company’s sake, but everybody’s situation is different.

When you started the business, did you have people who believed in you? —Bessie

Yes I did. I was lucky to have an amazing support system. But the most important thing is for you to believe in yourself. No one else matters if you believe that you can do it.

What do you think about tech-startups? Can self taught high schoolers create one? —Natasha

I think that anyone can create a tech startup. Where you want to school or how much school you have doesn’t matter. The key to great startups is idea, execution, and product. The idea you need to have. Execution you can learn by reading books and learning from other’s mistakes. The product you can hire for.

I believe that everyone, including entrepreneurs have inner power which have to be realized. But not everyone could discover this power. They always think about doing something but never could implement it. As someone who have built his startup and who currently employs and fires people, what do you think can help people to get out of their comfort zone? I mean it's not laziness, but fear from change. —Aytan

You’ve asked a great question. I think that the best way to overcome that fear is to realise that you have nothing to lose. You have to do what you want and what will make you happy. Psychologically its very hard, but if you realise there is nothing to lose it will allow you to leave your comfort zone. Also for some people I think it is laziness.

Why did you end up leaving the corporate world? —Alexandre

The corporate world is great for some people. A lot of work life balance. Do your work, get paid, go home and do other things you love (sports, family, etc) but its very structured – you do one job day in and day out. I prefer the fast paced environment of startups and the ability to work on different things and be more in control.

Topic Corporate vs Startup
Date November 16, 2017
Category
Tags, ,