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The author of this article has started about six companies over the years with collective and cumulative revenues approaching $100 million. He has been a board member and advisor to young companies in software, materials science, and electronic hardware. Here are some tips for young people starting companies. Three Good Reasons to Start Your Own Company Don't start your own company because you want to be your own boss. There are three ways in which a company can make more profit than an investment in a Vanguard S&P 500 index fund: You know how to do something that nobody else can do (the typical MIT tech spinoff approach) You have a lower cost of capital than anyone else (the "my dad was really rich" approach taken by Bill Gates and others) You have a better understanding of one kind of customer than anyone else.
