Symptoms of Successful Entrepreneurs
chrysbader.com
chrysbader.com
It raises an interesting question: why don't more students become entrepreneurs? It's either (A) these skills don't transfer well in practice or (B) a question of motivation and confidence. I'm inclined to believe (B), and I think PG has addressed this in "A Students Guide to Startups".
Entrepreneurship is frowned upon by some cultures- my family have are very much working class, my father and his father were both proud union men. Anything else wouldn't be encouraged
For entrepreneurs, I would argue that Success = Ability * Motivation * Opportunity * 'Normal'
What do I mean?
'Normal' is the most powerful human emotion. We just don't notice it because it's usually invisible. Let me give you an example. I only like being in romantic relationships where both people have equal power. If I have more power than the other person then it's cognitively draining because I always have to plan everything and make sure I'm not accidentally taking advantage of the other person or something, whereas if I have less power then I hate being dicked around. The reason I have this preference is probably because that's how my parents are, so that's what feels 'normal' to me. Any deviation from this and it's extremely uncomfortable, so the relationship quickly falls apart. For people who come from families with an abusive parent, they often prefer relationships where one person has vastly more power than the other, because that's what 'normal' is to them.
What feels normal to someone is an extremely important predictor of success, because any time we deviate from normal in any area of life we get very uncomfortable very quickly.
Examples of situations where there's a 'normal': balance of power in any relationship (business, mentoring, romantic), how you spend your day, how many people are in your network, your body language, how many books you read, etc.
To be an entrepreneur your level of 'normal' has to be just right for dozens of different variables, but most people come from families and backgrounds where their needle is just in the wrong place in at least some areas. And the problem is that it's extremely difficult to move someone's needle. Even for someone who comes from a great background, it can still take going through a program like YC or even one much more intensive in order to get a person's needles set in the positions they need to be in to achieve greatness. And for someone from a less good background, it can take literally years.
So the thing is, you can be really great at school just by memorizing stuff in books. But to get to that next level there is usually at some additional inner work that needs to be done, which most people don't even realize. Just look at how Steve Jobs spent his youth. That's kind of an extreme example, but after talking with a lot of entrepreneurs I've noticed this general pattern running across a lot of the success stories.
You can separate people into three groups: People creating things, people who don't want to create things, and people who are content to go where they're taken. I have some friends who are really just happier preparing for work in business or in politics, rising ranks, living outside their work. I myself fall into neither category: I'm satisfied to drift. Thus far I haven't been prompted to pick a side, and I see merits for each.
Today's world is more entrepreneurial than the world of a decade ago was, but I think you'll find it becomes less and less overt and more a part of natural life. I launched two web sites yesterday, for instance, and both will be seeking an audience; ten years ago that might have been a sign of entrepreneurialism, but now the cost of launching a web site is so nonexistent that it's just part of a day's work.
But whether this is a trait of a successful entrepreneur is not so clear. I'm not saying it isn't so, just that the poster could be biased by the YC wolfpack experience. Janus Friis and Niklas Zennstrom, for instance, weren't wellconnected when they started out with Kazaa and in the early days of Skype. I have several friends that are lone wolf entrepreneurs, and don't have many close friends or business associates in the strartup world. And some of them are very succesful.
But why make all the same mistakes? Why have to figure it all out on your own? Why reinvent every wheel that's already been built and can't get any more round? Why wouldn't you want a group of folks who will always give you the most critical feedback, but who will also sell you to potential customers, investors, and partners like no one else could? Trust me, your friends who haven't done this, can't help you nearly as much as your friends who are doing it right now. Sure, you can still be successful, and many have without organized seed programs around them, but why not take every advantage you can get?
Where you see comfort in others' advice, I see the dangers of falling into the same patterns as them. This is a widespread problem right now in several fields, not just entrepreneurship: there seems to be a cultural movement towards reading others' opinions and following others' advice in the name of not reinventing the wheel, versus solving the problem on your own.
The trouble with this is that there are lots of problems which can be solved through more than one unique approach, so in doing it the same way as everyone else, you're losing out on the opportunity to differentiate.
"Successful people (like me) try real hard."
"Successful people (like me) hang out in my elite San Francisco pack of friends."
"Successful people (like me) have sparks in their eyes, but not stars."
this is not news or hacking, it's ego stroking. /flameoff
Running a startup, creating a startup, living a startup is freakin hard. I've done it multiple times before my trip through TechStars, and man, now that I've experienced (and continue to experience it, as not a day goes by that I don't talk to at least one other founder, a mentor, or an advisor) this way, I'm sold and happy I'll never have to go it alone again.
He sees it too. I hope for your benefit that if you're doing this, if you're trying to really start something (not just read YC) that you seek out others who are doing the same. It could mean the difference between your success or failure.
Seriously, "the startup life"? A startup's success or failure rides on associating with the trendy crowd?
Blech, let's get back to writing a lot of good code and listening to user feedback.
The "startup life", the life of a startup founder is in fact, hard. Building a product is hard. Building a company is hard. Building anything of value is hard. It has nothing to do with a trendy crowd or a decidedly non-trendy crowd, it has entirely to do with folks who are having, have recently, or will have a lot of the same challenges as you. I'm not sure why it's hard to understand having friends who've been there, done that, or are doing it is very, very helpful. I'm glad you're able to do it all on your own, but some of us either aren't, or have realized it's a waste of time to. Being a martyr will help you much less than having the smarts to ask folks who can help you not waste time on the things that don't actually move your business forward, but can only impede progress - there's your value. Man, this kool aid is yummy ... it tastes like improving my odds ... and that tastes great!
Causation runs both ways on this one. It's a lot more fun to hang out with other entrepreneurs when your own startup is kicking ass---and a lot less fun when it's dying. When your startup is struggling, hearing other entrepreneurs talk about how great things are going is like being in a dead-end marriage and hearing other couples talk about how madly in love they are.