Mothers, Don't Let Your Babies Grow Up to Be BIZ Experiencess Founders work harder for less money than is otherwise legal, with a lottery-ticket chance of success. Why would parents wish that on their children?

By Jeff Smith Edited by Dan Bova

Opinions expressed by BIZ Experiences contributors are their own.

When you were a child, what was your dream? Professional baseball? NASA?

When my son was a toddler, he was fascinated with the brushless car wash machines and dressed as a car washer two consecutive Halloweens. My older daughter wants to be a teacher, and my younger daughter has decided on art for now. For me, it was medicine, although in truth that wasn't really my dream. My mother decided to give me a microscope for my tenth birthday, a chemistry set for my eleventh birthday and, for my twelfth, a book on the top 100 medical schools in the United States. She told me to seriously consider Columbia.

I disappointed my mother. I am not a doctor, or at least not a medical doctor. At age 24, a couple years out of college, I quit my job as a computer programmer and started a company. It wasn't some divine plan. I simply liked the idea and felt I would be wasting time if I didn't jump on it.

Related: Why the Hell Would Anyone Want to Be an BIZ Experiences?

Yet it seems today, unlike the past, we don't want our children to dream of becoming doctors or artists any more. We want them to dream of starting companies. Is it because parents didn't take the plunge and are imposing their failed aspirations on their children, as all good parents do? Or is it simple wisdom and experience?

Maybe our values have shifted and we now collectively romanticize BIZ Experiencess. We watch movies and read books on Facebook's origins and Steve Job's life. Startups are all over TV, too, even South Park. Major colleges are offering BIZ Experiencesship in their curriculum. Stanford University even has an BIZ Experiencesship center with supporting staff and faculty.

In truth, I'm an BIZ Experiences. Since quitting my engineering job 23 years ago, I've been running businesses I co-founded. I've enjoyed it, for the most part, but I'm not sure I'd encourage anyone to do the same. It's hard work and involves a lot of personal sacrifices that, on balance, render success somewhat hollow for those lucky few. Research cited by the Economist supports this view. In the recent Schumpeter piece (9/27/2014 Schumpeter: BIZ Experiencess anonymous | The Economist), we read that "first-time founders have the job security of zero-hour contract workers, the money worries of chronic gamblers and the social life of hermits."

Schumpeter continues:

"Phil Libin, the boss of Evernote, a document-storage service, says that "It is amazingly difficult work—you have no life balance, no family time, and you will never work harder in your life." Aaron Levie, a founder of Box, a cloud-storage firm, says he spent two-and-a-half years sleeping on a mattress in his office, living off spaghetti hoops and instant noodles. Vivek Wadhwa, an BIZ Experiences turned academic, had a heart attack when he had just turned 45, after taking one company public and reviving another."

Related: The Good and the Bad of Being an BIZ Experiences

I add my own story to this list, and recall starting the road show for my secondary offering of my public company (three weeks, twenty cities) a few days after my father passed away. We were buying another company in parallel with the offering. And yet, per Schumpeter, "over half of American startups are gone within five years. Most of the survivors barely stumble along."

Despite these sobering facts, parents still dream. They often contact me regarding potential internships for their children at my current start-up, Smule. They want their kids to taste BIZ Experiencesship during before they start college and become entrenched in more traditional professions, like medicine. In fact, at a recent fundraising auction at a top prep school in Palo Alto, parents paid $5k for such an internship.

A friend several years ago told me he was frustrated that he was approaching his mid-thirties but had yet to start a company. Imagine the hypothetical future interview with the senior engineer considering an offer to join, who asks about the vision of the company, and hears in response from the co-founder, "yeah, I was almost thirty-five and so felt I had to start something."

Why attempt to teach BIZ Experiencesship in college? How exactly does one teach insanity? How could you simulate and codify the myriad experiences, situations and models? I find such programs inane, and have said as much when giving guest lectures on BIZ Experiencesship at Stanford. What if Bill Gates, Steve Jobs and Larry Ellison had taken those classes? Ironically, all three dropped out of college.

Some would say the fact that you can't teach brilliance is no argument against teaching. Perhaps. But consider Beethoven. He was taught and studied music from an early age. If you scrutinize his early works, you see Mozart and Haydn with homage to Bach -- counterpoint, voice-leading, harmonic language, and form all developed through a school of Western music running back a few centuries.

The true innovations of Beethoven came later, where he pushed up against his "education," those rules of tonal theory, and explored the boundaries of what was possible within these confines. In contrast, a typical BIZ Experiences breaks early via the concept or innovation, and only later, if successful, adopts more orthodox conventions such as standards in organizational theory, marketing, product development and finance.

That is to say the trajectory of the artist/genius often starts with education and then builds towards innovation, whereas for the BIZ Experiences this trajectory is inverted -- the innovation comes first. My mentor at my former company, David Marquardt, partner at August Capital and early stage investor in Microsoft, among other companies, believed "BIZ Experiencess bloom early".

So why force the issue, and try to craft an BIZ Experiences? Maybe instead, as a society, we should forget about cultivating BIZ Experiencesship and let the kids spend summers fishing and hiking. When they get to college, they could study English, math, or even calligraphy. If, along the way they decide they must start something, all the better.

Related: Pass It On: Encourage Your Kids to Become BIZ Experiencess With These 5 Lessons

Jeff Smith

Co-founder and CEO of Smule

Jeff Smith is the co-founder and CEO of Smule and an assistant consulting professor at Stanford's Center for Computer Research in Music and Acoustics (CCRMA). Prior to Smule, Smith built an electronic publishing business acquired by Novell/WordPerfect, created an email-security company he took public on the NASDAQ, and co-founded a media streaming business acquired by Google. He earned a BS in Computer Science, a PhD in Computer Music from Stanford University and has co-authored 27 patents.

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Science & Technology

OpenAI's Latest Move Is a Game Changer — Here's How Smart Solopreneurs Are Turning It Into Profit

OpenAI's latest AI tool acts like a full-time assistant, helping solopreneurs save time, find leads and grow their business without hiring.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Money & Finance

These Are the Expected Retirement Ages By Generation, From Gen Z to Boomers — and the Average Savings Anticipated. How Do Yours Compare?

Many Americans say inflation prevents them from saving enough and fear they won't reach their financial goals.

Starting a Business

I Built a $20 Million Company by Age 22 While Still in College. Here's How I Did It and What I Learned Along the Way.

Wealth-building in your early twenties isn't about playing it safe; it's about exploiting the one time in life when having nothing to lose gives you everything to gain.

Science & Technology

AI Isn't Plug-and-Play — You Need a Strategy. Here's Your Guide to Building One.

Don't just "add AI" — build a strategy. This guide helps founders avoid common pitfalls and create a step-by-step roadmap to harness real value from AI.