{ "media_type": "text", "post_content": "From Partner to founding a startup. Pros and Cons?\n\nAnyone know success stories or colossal disasters? Direct experience?\n\nI am a year 4 Partner- so don’t have a big nest egg to fall back on.", "post_id": "5c44ac9f38d76e00132c6d4b", "reply_count": 10, "vote_count": 1, "bowl_id": "5c133802e4f35d0012ad759f", "bowl_name": "Partners Only", "feed_type": "bowl" }

From Partner to founding a startup. Pros and Cons?

Anyone know success stories or colossal disasters? Direct experience?

I am a year 4 Partner- so don’t have a big nest egg to fall back on.

Posting as :
works at
You are currently posting as works at

Left Accenture with five colleagues. Had an investor. Grew to 490 colleagues. SchellingPoint is my new company, self funded. Profitable from year one. I’ve done several years of early stage VC work, happy to privately discuss specifics of what you’re considering.


Even perfect execution can’t fix a faulty strategy. Speak with people who have experience in what you’re doing. If they aren’t willing to invest a little, think twice or three times. And remember that most consultants aren’t experienced operators, so if you go ahead, surround yourself with execution grit.


The key is funding. You should figure out the maximum payroll you’d be able to float and still support yourself for at least 3 months. Not all clients pay at the same time. Therefore you’ll need an alternate source of funding other than revenue till you build up the necessary reserves. Go to a bank for a line of credit. Growth is great, but growing too quickly can be as devastating as not growing. Best of luck!


We would need to know more about the startup and its prospects. You are giving up a relatively safe high income source, for an unknown, but presumably more exciting, role. With small "nest egg" I would need good assurances it will pay off. If it fails, what is the backup plan?

What MD 1 said. Depends on what you are doing. I’ve been involved with more than a few. A couple of crash and burns and some great success stories.

It’s a B2C venture I am planning- aims to create a niche and prep for when open banking hits US and Canada. Of course, I think that there is tremendous potential with unshackling of the consumer and space for differentiated value propositions.

Make sure you are ok with a highly likelihood of failure and an almost assured massive comp reduction for several years, if not indefinitely unless you hit the jackpot. Be real with yourself.

You will not foresee all involved and resource needs will be more than expected. and if your used to large support, you wont have this, meaning alot of your time will be spent here. Your projections will most certainly be met with reality. I'd think hard about this before jumping. Have a backup plan

Without getting deep into the business model, from your initial statement I’d also say you need to think seriously about what you’ll do if open banking just doesn’t hit the US and Canada, or not for years. How long could you (and your co-founders, investors, employees and other business partners) ride out delays in any of the legal/regulatory developments needed to foster it? Will the capabilities your firm develops be able to be pivoted to other valuable uses in the short and long run, or could it wind up bleeding out with nothing to show for it?

Left as a Partner/MD. Founded a start up. After a yearish ran out of personal funding and started to look at investmentors. Big 4 partnership offer became too hard to turn down given the limited success. Still the next year of my career so far. Do it

Additional Posts in Partners Only

Layoffs at buzzfeed.. I try to feel bad but could do without some of that trash


Little Miss has to go to work on a Friday bc she is essential to the team because she always fixes.

Post Photo

Might be a long shot, but wanted to see if this bowl could share any wisdom/insight. A friend has been offered a role as an independent contractor commercial counsel for a pre IPO tech company in NYC (roughly 10-20 hrs/wk) with the possibility of becoming a full time offer. He has roughly 3 yoe and was at a V10 firm doing tech transactions work but took time off for health. Would appreciate any insights into what a reasonable hourly wage would be to offer up in negotiations. Thanks in advance!


I moved to industry 3 months ago and my boss/manager is sending emails on the weekend. I already got 3 today.

Like WTF…


Can anyone provide materials on owning a franchise (e.g., McDonald’s)? Does anyone own one? Can we chat?


Hi McKinsey folks,

Is anyone working as a Software Engineer in McKinsey?

I want to know how is the career progression like. Do you guys end up in consulting as you progress up?

Also what’s the difference between a Software Engineer in Digital (Client Facing) vs Software Engineer in Technology and Digital (Internal Role)


Is it a good idea to accept a super low offer to get the exposure and experience? And would it look bad if you leave around 6 months mark or try to move internally for better pay?


Got to go back home to Ohio for the weekend and watch my HS boys & girls soccer team win state...definitely was an awesome throwback 💪🏽⚽️


Serving notice period. Can anyone please refer me for Data Science / Machine Learning/ Data Analyst/ Python roles? Thanks

Zoom’s doorbell sound whenever someone joins the call is so distracting!


Is Shutts (Tampa) remote or hybrid or neither?


Hi ,

What is the avg salary in LTI for a snowflake developer profile ? Have 9 yoe overall and relevant is 2+.
Plz guide me guys


Anyone have experience interviewing for a GCS role with Google? Or any experience in the role itself?


How do I move from healthcare to consulting?


Currently waiting on results, I’ve had a dull discomfort in the upper right area of of my abdominal area. No injury, but just a subtle dull discomfort. My bilirubin levels are slightly elevated but not sure if the discomfort is a reflection of that. X-ray and CT results were sent. I’ve heard it could be fatty liver and watch my diet and exercise. My sister passed recently from cirrhosis from her addictions. I don’t have the same lifestyle but it has definitely trigged a fear in me.


Would like to start a bowl that is more focused on (Western) Europe. Are there a lot of fish here from the European region?


Any new shops in Canada doing good work?


I am great at making PowerPoints. If anyone needs help making one let me know.


Is Invisalign covered under EY health insurance ?


Additional Posts (overall)

Bcg partners/ MDPs- Is anyone successfully using nexus for their EAs. Our office has limited options and my EA is leaving.. so considering pushing for nexus! What do you think? Recommend or not?


Are you using and getting value from an investment advisor? I’m early 50s with $10M nw. Done it all myself so far mostly through mutual funds. I talked to a free advisor from Fidelity and they want me to talk to a third party (referred to by Fidelity but not Fidelity) that can give me access to “more sophisticated” products. Is it worth 1% to do this? For those that have done this, has it paid for itself? I feel like I’ve done well on my own and I’m hesitate to pay advisor fees.


Anyone have any experience with Atheneum or Coleman Research Group. Both reaching out aggressively about consultations on same / similar topic. Emailing aggressively by the hour to seek scheduling.

No real question here that I have, just wondering if these are known / reputed firms you have any experience with?


Have any of you done anything unconventional with your career after making a partner (other than experiment with roles within the firm)?.


Looking for advice … it often seems I am one click below the level I should be at given I joined consulting in my early 30s post MBA. Joined my current firm again as principal and often seems I can operate at partner level and definitely deliver and sell at one (10-15M year). Part of it has been pushing for it a lot and that I believe is not getting me the right outcomes. Any advice for partners that have been here? Just hit 40 as well.


Instead of buying a second home right now, I’m thinking of renting a small place in another city in a cool, urban development. Instead of peace and quiet, it would be fun to have more access to restaurants and city activities before buying a country retirement home where the grandkids can come and spread out. Has anyone done this? It sounds like fun, though throwing money away on rent vs building equity makes me a little uncomfortable.


Early 40s looking to buy a new home as my 3 kids need their own rooms and I desperately need an office. What’s a good measure on how much to spend. 3x of my yearly income 20% down? I’ll probably need to save $ for major renovations at that price in my current neighborhood. Or should I stretch to 5x income with 30% down? I see a lot of partners with conservative mortgages of 700k. Wondering if you just bought your homes a very long time ago.


If you weren't in consulting, what would you be doing? Did you have a "dream" career?


Anyone here into Tesla? I’m considering switching to one, but Would like to hear if it is reliable and if the maintenance services are good nowadays


Partner poll - is COVID causing you to fundamentally rethink whether you want to stay in consulting? Cannot stop thinking about using this disruptive moment to hang my own shingle and do something completely different - buy/start a small business. 22 years in consulting. Partner 7 yrs. Young family.


Perspectives on good partner exits ? F500/Corporate (if so, what kind ?) vs PE portfolio work vs Growth stage private company ?


Looking for book, podcast and webinar recommendations for starting a new job in a leadership role. Thanks.


Can anyone recommend a financial planner? I am a new partner and trying to get my head around all these new investments I am making, what savings vehicles / tax implications to consider etc


So here's a random one. I'm considering the Samsung Galaxy Flip 3 (not the larger Fold). Anybody already make that leap? If so, what do you think so far? I'm nervous about the battery life, which is reported to be quite limited.


Deloitte PMDs - does anyone know where to request our non-compete agreement?


Variant of a previous question: Strategy & Partners, are you subject to the PWC mandatory retirement age (in practice and in fact)?


What’s with the FT article on Nepotism? What happened?

What’s up with this mass partner and MD exodus from Deloitte? Anyone has a perspective? Comp? Culture?


Hi everyone,

Im looking to get back into consulting after taking a year off during the COVID situation. I’m a former Booz&co / Strategy&, FS Partner with a ~3 years as an MD at a fairly large global bank. My focus is on IT Strategy and large Technology Transformations. Are any of your firms hiring at the partner level? Trying to get back in the game, any leads are greatly appreciated


Owner of a small agency, here. Am considering making an offer to a partner at Accenture/another MBB to come help build our digital transformation practice. Advice on this strategy and on my outreach?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here


Embed this post

Copy and paste embed code on your site


Download the Fishbowl app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy.

Already have an account? Log in

New to Fishbowl?

image with Fishbowl logo and arms reaching out for a handshake

Already have an account? Log in

By continuing you agree to Terms of Use and Privacy Policy.
Messaging rates may apply

For account settings, visit Fishbowl on Desktop Browser or