As an Entrepreneur “You’re Much More in Control of Your Life”

(p. C1) The financial crisis rocked and reshaped Wall Street, forcing many people to reassess their careers. Since then, a steady stream of executives has left Wall Street firms and multimillion-dollar salaries to hang out their own shingles. But for many, the allure of autonomy quickly gives way to everyday realities that can be jarring.
. . .
(p. C2) . . . , the jump from Wall Street to entrepreneurship, and any potential fall, can be steep. Unlike in Silicon Valley, where entrepreneurs benefit from an ingrained startup culture and network of venture-capital backers, Wall Street exiles often launch startups midcareer and without an equivalent institutional framework.
. . .
Milton Berlinski, a founding member of Goldman Sachs’s financial institutions investment-banking group, hopped from one work location to another as he figured out what he wanted to do after he left the bank in 2012.
. . .
This month, Mr. Berlinski moved his team of 13 people into a 6,000-square-foot office that his entire group helped design, from choosing the paint to picking the furniture. “In some ways, you’re starting from scratch,” said Mr. Berlinski. “You’re spending time working harder, but you’re much more in control of your life.”

For the full story, see:
ANUPREETA DAS. “Financial Startups Take Leap Sans Net.” The Wall Street Journal (Weds., April 8, 2015): C1-C2.
(Note: ellipses added.)
(Note: the online version of the story has the date April 7, 2015, and has the title “Financial Startups Make the Jump Without a Net.”)

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