I have 2 more years left before I graduate with a Bachelor's degree in computer science. I started helping a start up for quite a while and now we got our first seed round. I can take a maximum of a year leave from university to work on the start up full time. But I have to come back to my university after that or the university will kick me out.
The founders want me to join as a founder as well with stakes. But on the condition that I leave my education after a year if the company is successful by then. Otherwise, I can join as an employee for as long as I want.
I'm not 100% sure if I want to leave my education. But I want to be a founder at the same time and I think that this startup has a lot of potential. What should I do?
Unless you personally have some idea that you just cannot get out of your head and you spend every waking moment on it and its getting traction like crazy and already making you enough money to pay your school bills, and even when you're in class you're thinking about ways to boost sales and new product ideas, stay in school and finish your degree.
I can predict, and be probabilistically accurate, that the startup that you're considering is going to fail. Or worse, get just enough traction to be acqui-hired where you will then be discriminated against at the hiring company because you don't have a college degree. Finish your degree.
One of the biggest challenges you will face early on is that you don't know enough to know what is and what isn't important. You have to make guesses. Don't stress it, everyone does, but having a CS degree on your resume will help you more through out your career than having "dropped out of school to work at failed startup X". Finish your degree.
Think about what it looks like when you are 29 looking back at your choices at 19. These are the choices :
1) Got their CS degree at 21 - went on to ...
2) Dropped out of school to work at <x> which failed
3) Dropped out of school to work at <x> which was later acquired by <y>.
4) Dropped out of school to work at <x> which made the front page of the Wall St Journal when they crossed a $100B valuation in just 5 years.
Guess what #4 isn't going to happen. #3 is the next least likely, #2 is the most likely, #1 is completely within your control and guaranteed. Go for the sure thing, get your degree.