1,193 karma · joined February 7, 2008
http://twitter.com/ericfarkas
speric at gmail dot com
Are you doing a startup with a cofounder? I'd be worried, from an emotional standpoint, about doing a startup under those conditions without any moral support (from either a spouse or cofounder). Everyone is different but the dark secret of startup life (especially bootstrapped on the side) is that it's tough, and you can get depressed easily for a number of reasons. Having someone in the trenches with you is a great help, emotionally.
But if we're talking about what was said in the article, and what others have said in this thread, if you're doing a service company, eventually you want to get the point where your service is automated. In this case, a user is not paying for your time as much as they are paying for the tool you built to encapsulate your service.
I see Amazon as more of a service, then. Everything they currently offer (having your own store, payments processing, order fulfillment, etc.) they are able to offer because they can give to their customers via the web what normally a brick and mortar bookstore would have to do manually, and now their only constraint is scaling.
Not sure how you got that. I'm not taking micropayments via Chargify. I don't think you understood me.
Also, the sooner you make money off the start-up, the better. Having something tangible to show for the hours you're away from your S.O. helps the situation tremendously.
For me, I try to stay balanced as much as possible. If I need to take a night or two off of hacking a week to watch a movie with my wife, or take my kids out and stay up past their bedtime, or just grab some beers and do nothing, I do it. You're only hurting yourself (and, by extension, your startup) by burning the candle at both ends, so don't feel bad about taking a night off. I also play it by ear on Saturdays and don't do any work on Sundays.
The toughest thing, I have found, is to be mentally and emotionally "present" with my family when I am not working. Doing a startup is all-consuming. If you give 100% of yourself during your family time, it will make it easier for them to deal with you not being around.
Of course it's possible to hit a homerun with a site like PlentyOfFish, but what are the chances YOU will be the guy to do it? There are always outliers in every set of statistics.