There’s an old joke about how to make a small fortune in angel investing: start with a large fortune and invest it in angel rounds.
I guess you could say the same thing about how to fail at an entrepreneurial venture: start a new company and then do everything that could be reasonably expected of you. And that’s how you fail.
The world is not set up to make your venture successful, and in fact almost everything conspires against you and your new company.
Because there is no natural constituency for the entrepreneurial venture, there is no way, reasonably, you can expect yours to survive. Customers aren’t clamoring for new vendors, employees aren’t looking to make half as much for their hard-earned skills at a firm that has a 50% chance of dying every day, and investors aren’t interested in taking risks or putting money into pipe dreams.
The conceit that a new venture has a shot of winning at all, under any circumstances, was unknown throughout history, is still laughable across the globe, and remains rare even here in the United States.
And that’s why it takes a special person to succeed. Notice I said “special”. Not charming, philanthropic, beloved, clever, popular, persuasive, capable or handsome.
Monday, March 21, 2011
In startups: It takes a special person to succeed. Yes, *special*, not charming, smart, persuasive, popular, or hansome, or pretty or sexy.