Career Planning By Marc Andreessen Summary
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Career Planning By Marc Andreessen Summary Presentation Transcript

  • 1. Career Planning by Marc Andreessen http://blog.pmarca.com/2007/09/the-pmarca-gu-1.html http://blog.pmarca.com/2007/10/the-pmarca-guid.html http://blog.pmarca.com/2007/10/the-pmarca-gu-1.html   Summary by Jeff McNeill [email_address] http://jeffmcneill.com 2008, 2009
  • 2. Contents
      • Do not plan career
      • Pursue opportunities
      • See career as portfolio
      • What to study in school
      • Continuously develop skills
      • Develop five key skills
      • What industry to be in
      • What company to choose
      • Time to challenge yourself
      • Why?
  • 3. Do Not Plan Career
      • Cannot plan a career
        • Not predictable, too complex
        • Too much change taking place
        • Planning will lead to frustration
      • Instead
        • Develop Skills
        • Pursue Opportunities
        • Systematically assess opportunities
  • 4. Pursue Opportunities
      • Two kinds of opportunities
        • Those which present themselves
        • Those you create and can seek out
      • Every opportunity has risk/reward profile
        • What you can get from the opportunity
        • What you will risk in pursuing it
  • 5. See Career as Portfolio
      • Portfolio of Jobs, Roles, Opportunities
      • Each has risk/reward profile
      • Evaluate opportunity against portfolio
        • Instead of independently
        • Take more risk when it makes sense
        • Take less risk when it makes sense
      • Each opportunity has some risk
      • Take risk strategically
  • 6. What to Study in School
      • Technical degree
      • Best university for the degree
      • Find the biggest/best pond
        • Don't worry about small fish/big pond
      • Gain practical experience ASAP
        • Work during school year
        • As many internships as possible
      • Get grad degree in something useful
        • Business, econ, computer science, etc.
  • 7. Continuously Develop Skills
      • Graduating from school is only first step in developing portfolio of useful skills
      • Become a double or triple threat
        • Become top 25% in two or more areas
        • Easier to do and more rare/valuable
        • Combining different kinds of degrees can create double-threat
          • Double major in different fields
          • Different grad and undergrad
  • 8. Develop Five Key Skills
      • Learn Communication 
        • "by doing, by practicing, by taking classes... and by reading a lot"
      • Learn Management from a great manager
      • Learn Sales by selling
      • Learn Finance from books
      • Get on-the-ground International experience in other countries
  • 9. What Industry to be in
      • Industry where founders are still alive
        • This will have growth, change, flux
      • Or a very old industry in which there is an opportunity to change everything
      • Get to the center of the industry
        • Which company to work for
        • Which city to live in
      • If not biggest or most powerful industry or company or city, one with the most change
  • 10. Which Company to choose
      • Develop skills in high-growth company
        • Get to do lots of stuff
        • Probably get promoted quickly
        • High-energy, rapidly-changing, sharp people, high expectations
        • Reputational benefit
      • Then startup to put them to work
      • "Learn everything you can about the business and the industry in which you find yourself"
  • 11. Time to Challenge Yourself
    • In my opinion, it's now critically important to get into the real world and really challenge yourself -- expose yourself to risk -- put yourself in situations where you will succeed or fail by your own decisions and actions, and where that success or failure will be highly visible.  
    •  
    • By failure I don't mean getting a B or even a C , but rather: having your boss yell at you in front of your peers for screwing up a project, launching a product and seeing it tank, being unable to meet a ship date, missing a critical piece of information in a financial report, or getting fired.
  • 12. Why?
    • Why? If you're going to be a high achiever, you're going to be in lots of situations where you're going to be quickly making decisions in the presence of incomplete or incorrect information, under intense time pressure, and often under intense political pressure . 
    •  
    • You're going to screw up -- frequently -- and the screwups will have serious consequences, and you'll feel incredibly stupid every time. It can't faze you -- you have to be able to just get right back up and keep on going.   
    •  
    • That may be the most valuable skill you can ever learn. Make sure you start learning it early.