Should I leave it behind for the Valley?

New lbTp36
Jul 5, 2018 28 Comments

I am 28 living in a medium sized city in “the south”. I started a social marketing & media buying agency on the side that has more than doubled each year over the past 4 years to now generating about $3-4M in revenue annually. And promoted at my day Job in medical sales 3 times in the last 4 years. Making $500k-$600k / year net pretty easily but honestly I’m getting bored. I love tech companies who are super innovative and as much as I long for it to start moving from the valley into my town in a bigger way it seems I will be 65 before it ever happens. Feels like I am on the outside looking in but also I know the grass isn’t always greener. Any thoughts?

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TOP 28 Comments
  • Facebook Mexico!
    Not worth it. Don’t do it.
    Jul 5, 2018 0
  • Facebook public
    If you can hustle like that in the bay an entitely new world unlocks. If you just come out and become a working stiff you will likely be very unhappy. Come out and get people to work for you then the bay is 110% of what it's cracked up to be, else stay away.
    Jul 5, 2018 3
    • New lbTp36
      OP
      I find it hard to find others here who want to hustle half as hard as I do and that means I end up doing most of the work which limits scaleability. Is that a similar scenario there?
      Jul 5, 2018
    • Facebook public
      Not even a little. People here will work their tails off for a few hundred k. Find some awesome cofounders, hire some talent, and have a blast.
      Jul 5, 2018
    • Airbnb / Eng Eatrium
      public speaks the truth.
      Jul 5, 2018
  • Apple / Eng aCrP17
    It’s shit here all people do is work, and when they don’t they can’t help but talk about it. Can’t wait to get out.
    Jul 5, 2018 0
  • Rackspace rEEp18
    Don't move to the valley. Go to Austin. Bunch of fun companies out there.
    Jul 5, 2018 0
  • New / Eng wtfuk0
    Leetcode
    Jul 5, 2018 0
  • Airbnb / Eng Eatrium
    Wow that’s quite a story. You are making far more money outside the valley than the vast majority of 28-year-olds in it. And housing prices in the valley are astronomical compared to the south.

    Can you say more about starting such a successful company “on the side?” Do you have employees? Do they never see you? Is there a manager who manages them instead? What’s the deal?
    Jul 5, 2018 3
    • New lbTp36
      OP
      All people like me that have other jobs but love to do more. I get 20-40% of their day and 1099 them.
      Jul 5, 2018
    • New lbTp36
      OP
      I manage them. Most of them are connections I have built in local coffee shops while working.
      Jul 5, 2018
    • New lbTp36
      OP
      It’s rare that I have more than 3 other people on the books during the same month. Usually me plus 1-2 others.
      Jul 5, 2018
  • Xero XbwF01
    With that TC at your young age, not worth it. Vacation here a couple of times a year (or work a bit remotely from here) to scratch your itch.
    Jul 5, 2018 0
  • Apple tuolumne
    The grass is greener where you water it.
    Jul 5, 2018 0
  • Google / Eng 6DOV
    Everyone here would love to leave but are stuck in an attempt to make your tc or even far less. Out of your mind to move here IMO unless you’re Elon Musk and have tons of connections and funding lined up.
    Jul 5, 2018 1
    • New lbTp36
      OP
      Ok thanks for the insight
      Jul 5, 2018
  • Google X.team
    Make connections, save money first. I do think the Bay Area is singular
    Jul 5, 2018 0
  • Facebook Mexico!
    What’s the profit on the media agency?
    Jul 5, 2018 4
    • New lbTp36
      OP
      Varies with consulting being highest profit margin and media buying being the lowest. Design and social management retainers in the middle. I do not aggressively manage the mix since it’s still a side gig but my goal is to maintain at least 25-35% net profit margin for the year. The lowest year was 21% or so.
      Jul 5, 2018
    • New / Eng
      FGAN

      New Eng

      PRE
      Google, Facebook
      FGANmore
      How do the various sources compare in terms of fraction of total revenue and amount of work? How did you get into this?
      Jul 5, 2018
    • New lbTp36
      OP
      In terms of net profit to time invested it is crazy profitable. I got into it when I was employee #2 a startup in college that let me wear as many hats as I wanted and break things. I was in charge of sales and marketing in the early days of social media and spent hours learning how it all worked. Then I built the business off of the learnings.
      Jul 6, 2018
    • Facebook Mexico!
      What kind of consulting? How much do you charge and how do you find clients? Pretty impressive.
      Jul 6, 2018
  • Oracle LAoh31
    Let's be objective here. İf you move to bay, you will probably make less and what you make will be worth less. The buying power is very different. What percent of your income currently goes to living expenses? (Rent, gas, groceries?) İt will most likely be 3-4x here. And you will make less. The valley isn't all it's made out to be. I'm looking to move out of bay to a small town.
    Jul 6, 2018 3
    • Google X.team
      As someone said above, that what happens to working stiffs
      Jul 6, 2018
    • Oracle LAoh31
      How exactly did you come to this conclusion Mr extraordinare.
      Jul 6, 2018
    • Google X.team
      What conclusion? The one you just pointed out about why you would leave? If 99% of people here are working stiffs then yeah it’s not so fun living here in aggregate. OP can presumably continue side gig, seems to have marketable skills, and can support themselves while looking for a job. That’s already better than most people’s situations.
      Jul 6, 2018
  • New / Eng
    FGAN

    New Eng

    PRE
    Google, Facebook
    FGANmore
    Is this what Tai Lopez and other YouTubers claim to do? Just wondering.
    Jul 6, 2018 1
    • New lbTp36
      OP
      I don’t know who they are lol. I am NOT one of those people who claim they can teach you to make six figures from your couch if that’s what you mean!
      Jul 6, 2018