If you have a strong career ambition and have also raised a big family (more than 1 kid, and spouse doesn't work), do you feel that family is a career obstacle or a booster?
In the middle of your life, have you regretted about your choice and wondered what life would be like if you had chosen the other option?
Do you think, as an entrepreneur, a family is a necessary part of your life to hold you together when you fall? and to have a purpose to entrepreneurship in the first place?
I do not have a family yet. But I'm at the right age (if not already late) to form a family and I'm facing life choices.
I have talked with few close friends who are also young parents. Their ambitions seem to be exhausted by their kids and family. As an example, one of my friends told me, the only time he has on his own is after 10pm, as he needs to put his kids into bed first. And often before he has done it, he is too exhausted and fall asleep first.
This is a life I fear a lot. I have a strong ambition to be a good entrepreneur, but my partner would like a big family. Can our goals still meet?
I know many successful entrepreneurs have a harmonic (Zuckerberg, Gates) family too. But those entrepreneurs started early in their life during their 20s. They had accumulated lots of resources before forming a family. With those resources, they have less pressure.
What do you think?
- 6am work at home
- 8am work at office
- 6pm dinner with family at home, or cheer at kids' athletic events
- 8pm work at home
- 11pm or 12am, sleep
- In early days, he slept on couch near computer to take customer support calls at night.
It wasn't until I was older that I realized how much my family was prioritized.
That said, my mom wanted to be a full time caregiver and did an amazing job of it, so his caregiving responsibilities were not nearly as extensive as my mother's.
>> my partner would like a big family...
>> She also grew up in a richer family than mine. She seems to be used to a higher life quality. I feel some pressure about it. but I have never talked with her about it for the fear for disagreement...
This is not about "career vs. family" but "your way of life vs. her way of life". If you want to build a company and try to make a fortune first and have a family later then you have to tell it to her. She may leave you, but hey, living your own life as a single entrepreneur is much better than living someone else's life as a married man.
1. Entrepreneurs are doomed to "fall", to failure.
2. Being an entrepreneur requires much greater time than being an employee.
Both those are assumptions are true if you go traditional VC-funded startup route, for example.
But there are examples of entrepreneurs who have built companies around a 40-hour work week, and around making money, instead of "5 billion dollar valuation or bust." (VC-funded companies usually go bust, as it turns out.) See https://stackingthebricks.com/how-do-you-create-a-product-pe... for some suggestions on how to go in that direction.
If you reread your questions, you will see that they are incredibly career-centric, so you already have the answer that is right for you.
For the love of all that is holy, please don't have kids (or even a relationship for that matter) as some kind of career accessory.
That's fine, aren't we all. (I am anyway). I'm not so much an entrepreneur nor a careerist, more of a dreamer of "If I had time I'd figure out the General Relativity and Quantum Mechanics discrepancy". I even have ideas. (My day job is as a code monkey).
I ended up having two (so far?) kids at 37 and 39. Initially, I regretted it. Especially the second. With one kid you can kinda still get some free time. With two, you get maybe 30 min per day if you wake up early, but even then you're constantly on high alert with baby monitor(s) in hand. You're not going to solve quantum gravity with that.
Now, youngest is turning 2 soon, I still get not much more than 30 min per day, but I'm happy. I like spending time with them, and let's get real, I wasn't going to solve quantum gravity anyway. OR, as I think to myself, I've got as good a chance of solving it now as I would have if I was single. (Both close enough to zero that calculus doesn't even work anymore).
For that matter, when I'm out of town on assignment, I find I'm actually less productive with my 8 hours of unadulterated free time than I am when I'm limited to an anxious 30 min. And ultimately I wish I was just back home hanging out with them.
So ... that.
To me it sounds like he's only pondering this to keep his partner happy. That makes sense for small things like watching a show you don't like or bearing with the in-laws. It is a train wreck waiting to happen when it comes to the big stuff like families and careers. For those situations, it's really time to get a different partner.
If she doesn't have a job, as a wannabe entrepreneur you won't have much income nor any health benefits. You'll have plenty of time, but no money to live. Having a baby (in the US) costs A LOT of money. Before, during and after.
So don't think too much about building a family if you haven't even started your entrepreneurial journey. Thinking about being distracted by kids at home after work is a 9-5 people's problem. Entrepreneurs can survive with no money. Having kids will make that almost impossible. You can totally build a family now but your personal goals we'll be delayed by a lot of years until your kids become financially independent.
I agree 100% with you. The need to support a family is the greatest graveyard of entrepreneurial dreams.
I have 4 boys all healthy and a decent career. It's gone well for me, but there were scary parts...it increased the personal stress a lot in times like when my start-up/s failed.
It never hampered my ambition though. My wife and I are a team. We've spent 6 months plus apart as I pursued start-ups in Texas and during YC. I've never looked at my family as holding me back in any way.
OP absolutely needs to have this discussion with his partner ... if they don't see eye to eye on what their goals are, then it puts the family at risk.
Also +1 for noting survivor bias.
In the talk with his partner, they need to confront head-on the issue that the whole entrepreneurship thing may not work out. Or worse, may be "on the verge of success" for year after year after year. Decide up front where to draw lines and what plan B might be.
This is pretty much my experience too, and I have just one child. Which is more than enough.
I can't help but agree with many of the already voiced opinions, because yes, "it depends". However... in my case, I have gone as far as to state, on several occasions, that if you want to work in tech and retain your sanity there is only one sensible option:
Do. Not. Breed. -- I have come to believe that a good part of this comes from my staunch certainty that bringing a person without their consent to this world is morally corrupt. The planet is over sustainable capacity already. Why should we exacerbate the problem?
However, it's important to note something. Even with my personal opinion being what it is, I am still happy and supportive of anyone making their own decision and going against my conviction. It's their choice and they believe it right. Who am I to judge?
I am not going to claim that my opinion is correct or right. Nonetheless, it's mine.
The problem you may run into though is stability. If your spouse isn't planning to work, then you need a stable source of income. When you're single it's far easier to cut back on your expenses than it is when you have kids. You can live in shared housing, eat spaghetti every day, wear the same two shirts for a couple years, and not really be any worse off for it. But you can't really avoid buying diapers.
So, entrepreneurship may be more difficult due to that. And really all outside-of-work ambitions do get tougher. I'd love to go for an advanced degree, and my wife even supports it "in theory". But the reality is, with two young kids at home, there's no time to maintain a stable job, take care of kids in a way that's remotely fair to my wife, and commit to a huge time suck like grad school. And frankly, I'd rather hang out with the kids. Though it did take a couple years to get to that point. There was absolutely regret on my side in the beginning, for quite a while.
Your original question was career vs family though. I think career is fine. As long as your job provides steady income and you're efficient with your time, I don't see any problem that kids would introduce in terms of advancing quickly in your career.
Also note, even entrepreneurship isn't impossible. I've got two friends that started a small consulting company around the same time they had kids. But they had a steady stream of clients at the start and always did good work, and also had enough savings to survive any hiccups they encountered, so it worked out for them. The "unicorn" startup may be more difficult though.
You likely won't get very meaningful responses here because you are asking a question that is far more personal than you realize. And even if you did get deep, meaningful replies from the heart, most of them would not be pertinent because the heart's of other people are not your heart and may not be anything like your heart.
Don't let this discourage you. Yes, it is a lot harder to do anything with family and specially kids. But can you have a great career with a big family ? Absolutely. It just requires a lot more dedication, hard work and commitment from your end.
So don't ask yourself "Career or family". Ask yourself "Do I have it in me to have a great career along with a great family ? ".
If you plan on being there when the kids get home, genuinely want to contribute your half by doing laundry/disciplining kids/teaching/playing with your children/reading stories/putting to bed, you may not be done with evening family time until 9 or 10pm.
Toddlers usually wake around 6am. You have to be rested enough to do it all over again and your professional work. That puts you going to bed at 10pm.
If you're extremely efficient with your time, maybe you can get ahead. But it's definitely a squeeze.
I still do side projects and a bit of consulting (remotely), but most of my time is kid or house related. If I wasn't doing this, I'd be a director level manager at some software company probably.
I know a lot of folks where both spouses are working and "successful", but their kids are typically quite the opposite. Freeloaders, lazy, on drugs, still living at home with no plan to leave, etc. It's hard enough to find quality child care, but nothing can replace a present, caring parent.
A family can be stressful OR rewarding.
For me, the family gave me a reason to leave work at a healthy hour. It gave me a "success" when the business was failing.
It kept me from being social isolated by the business.
One big unknown is what will happen after you or your partner has spent a few years as the primary care giver. The non-primary care giver will have to be flexible, adaptable and accept the situation will almost certainly change as the children progress from babies to school-aged.
If you are of an average first child age, have 2 children, live in a developed country, and live a statistical ~83 years, you'll have significant time obligations to young kids for ~15 years. Then again you'll have a relationship with them for ~50 years, so it's a small fraction of time for the many decades of love.
Truthfully, I know what he really meant with his words: he had a wife and family who were his primary concern and he was happy to put his professional concerns on the back burner to give them a good life and to be able to enjoy that good life with them.
I am 25 and I am managing two start ups (as VP and CEO), both of which will have multi-million exits in the next five years. In addition, I have a couple of side projects I am involved with, mostly company shares managed through my holding.
So, I'd say I am a career guy in the middle of that very career. And at this point, there is hardly any time for family things. I often don't have weekends, nor holidays. And I work like 14hs every day.
However, friends of mine are working for large enterprises, and they have a 40-50h week in middle-management. They also have their career but with time for family.
So I would say it really depends on the kind of career path someone's taking.
I analyzed her too logically, weighing too much about our differences. I didn't treat her as a teammate to solve our common problems. We didn't communicate enough.
The past few hours was the darkest time of my life. Only now I realized how much I loved her. I regret it so much.
I have a different take on late marriage: maybe its not the career that's holding you back, maybe its the quest for compatibility, the need to have a spouse that understands and supports your goals. This carries more weight than we normally give credit for. This may be why driven men who marry early frequently get divorced.
Just a theory
Because I love them, it not only game me a noble reason to be productive, but they also made sure that I did it efficiently so I can spend time with them.
Ironically my (our) net wealth has increased fastest while having children simply by buying a suitable house before a boom kicked off in my city. Outstripping my wages and any E(V) from starting a business!
You don't want to hear the experiences of those whose spouse does work?
I believe she will contribute to the family as much as she could (even not financially ). But I can't ask more than that.
She also grew up in a richer family than mine. She seems to be used to a higher life quality. I feel some pressure about it. but I have never talked with her about it for the fear for disagreement, whereas I lean toward a Minimalism, less materialized life. "live tiny, die never.", but with a family, I guess I won't have the freedom to choose my way of life.
I explicitly said "spouse doesn't work", because I want to hear from extreme examples.
Sounds like a recipe for resentment and disaster. You guys should hash this out and have a discussion before you move forward in your relationship. Differences in lifestyle and finances are the #1 reason for divorce.
Best of luck!