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The myth of the serial entrepreneur

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Re: The myth of the serial entrepreneur

#21
post #16
post #13

Earlier quoted context omitted.

We could look at through a different lens and state that if you aren't jumping into startup after startup - successful or not - are you even an entrepreneur?

Well, that's sort of my point... serial entrepreneurs are the norm. Perhaps we should come up with a term for those rare entrepreneurs who are satisfied with a single attempt at the business game...

Businessmen?

Re: The myth of the serial entrepreneur

#22
post #11

Earlier quoted context omitted.

Marc Andreessen, Ben Horowitz, Robin Klein, Bill Gates, Silvio Berlusconi, Michael Bloomberg, Niklas Zennström

Marc Andreessen: cofounded Netscape and then OpsWare and Ning and now is a VC. Serial to the max. Ben Horowitz: Opsware and then VC. A Morten Lund character. Bill Gates: already addressed in both the article and another comment Silvio Berlusconi: I don't know much about his business history, but a quick glance at his Wikipedia page shows he started multiple businesses. Definitely not a one-business-and-retire type. M…

With people like Gates you could also argue that they create 'new' startups through their existing organisations. Why wouldn't you if you have a brand, distribution, etc that were hard-won?

Also, Gates went on to set up the Bill and Melinda Gates Foundation, which is arguably a different kind of startup.

Re: The myth of the serial entrepreneur

#23
post #15

Really good article, at first I started reading on the defensive because I am a serial entrepreneur. For 28 years of my life I never had a payroll check from anyone but my own companies. It was amazing and painful at the same time. I thought about starting my sixth company and I got a chance to be an SVP at a very large public company. I did that for a while and really enjoyed it and actually moved on to a new compan…

I would say the best realization of this article is that entrepreneur is a state of mind. A willingness to create from nothing in the face of extreem adversity.

I agree with this. I came across the following definition of an entrepreneur, which I also really liked: "[the] definition of an entrepreneur is someone who makes things happen despite not controlling the resources necessary to achieve them."

Source: http://www.tcpinnovations.com/drugbaron/?p=242

Re: The myth of the serial entrepreneur

#24
Another perspective; can you call yourself a true entrepreneur if you haven't had more than one entrepreneurial endevaour (I'm not talking that you need to have IPOd a tech company before but rather had a lemonade stand as a kid and vice versa)?

Re: The myth of the serial entrepreneur

#25
post #10

I agree with a lot of what the author says, but I am not sure I agree with the main premise in his title. Luck and timing often play a big role in setting up a business. I think there are some people who saw an opportunity through being in the right place at the right time and created a business out of it. Often these evolve into being what people call lifestyle businesses. In my mind these people don't fit into the…

This is a great point. I also think it is worth noting that by the third or fourth time, even if they were peniless, the person would be starting from a far better position than a first timer. Networks and Reputation are a powerful form of currency and more useful than money if you want to do hard things.

Confidence from repeated success - do not underestimate pressures from family and self doubt in their contribution to start up cave ins.

Re: The myth of the serial entrepreneur

#26
I'd probably be described as a "normal" entrepreneur. I worked on five startups, the last of which had a reasonably successful exit. I haven't started another company since. A company isn't the only "laboratory of ideas", and money let me explore some other options. I'm in a PhD program in mathematics now. I didn't avoid starting a company because it is hard work. I agree, starting a company had an addictive intensity that is hard to find elsewhere. Will I start another company some day? Maybe. Would I ever have a "normal" job again? No way.

Re: The myth of the serial entrepreneur

#28
post #24

Another perspective; can you call yourself a true entrepreneur if you haven't had more than one entrepreneurial endevaour (I'm not talking that you need to have IPOd a tech company before but rather had a lemonade stand as a kid and vice versa)?

When I read a question that gets into what or is not a "true entrepreneur" all I can think of is:

http://en.wikipedia.org/wiki/No_true_Scotsman

which suggests to me that debating over labels like "true entrepreneur" (or not) or "serial entrepreneur" (or not) is a waste of time.

The same discussion also smacks of a sort of elitism that I associate with the idiots to run around talking about what metal bands are or aren't "tr00 kvlt". None of this strikes me as very productive.

Re: The myth of the serial entrepreneur

#30
post #12
post #10

I agree with a lot of what the author says, but I am not sure I agree with the main premise in his title. Luck and timing often play a big role in setting up a business. I think there are some people who saw an opportunity through being in the right place at the right time and created a business out of it. Often these evolve into being what people call lifestyle businesses. In my mind these people don't fit into the…

That's an interesting angle, though I would argue that what you're defining here is a very successful serial entrepreneur, rather just a "serial entrepreneur". I'd say that someone who willingly jumps into startup after startup is a serial entrepreneur - successful or not. Max Levchin was clearly a serial entrepreneur already after his 6th company, even though he hadn't started Skype and Slide yet...

Skype?
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