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Startup founders vs entrepreneurs

swombat.com

1–10 of 23 posts

Re: Startup founders vs entrepreneurs

#2
The author's point about "entrepreneurs" not being exclusive to the world of startups is exactly what I hope to show with my book this fall. It's a dangerous mindset because in this internet age, we need more people to be thinking about themselves as entrepreneurs.

Re: Startup founders vs entrepreneurs

#3
Excellent point that I try to make to people who come to me with ideas. They all believe that they can raise money for an app and then sell it before they ever need to test their business model. There is nothing wrong with starting small, taking it slowly and growing a business on profit reinvestment.

Having said that, we've taken VC as we had no choice. So, when you want to start a capital intensive business then taking money is often the only option - just make sure your business model is solid.

Re: Startup founders vs entrepreneurs

#4
post #2

The author's point about "entrepreneurs" not being exclusive to the world of startups is exactly what I hope to show with my book this fall. It's a dangerous mindset because in this internet age, we need more people to be thinking about themselves as entrepreneurs.

I am reading a good book by Daniel Pink called "To Sell Is Human" at the moment, which makes the point that many people who do not think they are working in "sales" actually are. It sounds trite, but he does go into a lot of useful detail and advice from there - and this ties into your point. I look forward to your book.

Re: Startup founders vs entrepreneurs

#5
post #2

The author's point about "entrepreneurs" not being exclusive to the world of startups is exactly what I hope to show with my book this fall. It's a dangerous mindset because in this internet age, we need more people to be thinking about themselves as entrepreneurs.

I am reading a good book by Daniel Pink called "To Sell Is Human" at the moment, which makes the point that many people who do not think they are working in "sales" actually are. It sounds trite, but he does go into a lot of useful detail and advice from there - and this ties into your point. I look forward to your book.

Thanks! Kindle'd!

Re: Startup founders vs entrepreneurs

#6
"My personal opinion is that if you're starting off from a position of weakness (i.e. you're poor and not famous), and especially if you're not in a startup hub like Silicon Valley, it makes a lot more sense to go down the entrepreneurial route than to go via the startup route."

I think this is particularly good advice if you're not a developer or aren't able to make the time available to really dig into learning how to code. Odds are you aren't Steve Jobs and won't be able to recruit the technical partner you want to work with to build your uber brilliant idea for reasons articulated here many times before.

There's nothing defeatist about building a viable, cash-generating business in lieu of standing around waiting for the magical technical co-founder of your dreams to fall into your lap. Plus, if you create something of value (be it content or otherwise) in the field you're looking to get involved in, you're much more likely to put yourself in a position to be able to recruit the kind of person you want to work with anyway.

Re: Startup founders vs entrepreneurs

#9
You can be an entrepreneur today and a startup founder tomorrow, or both at the same time, or just a startup founder.

I don't exactly agree with this distinction between "startup founder" and "entrepreneur". What I mean is, I think "startup founders" are a subset of "entrepreneurs". So while you can clearly be an entrepreneur without being a startup founder, I don't see how you can be a startup founder and not be an entrepreneur.

That said, I think I agree with the overall point that I think swombat was making, regarding the different "paths" a business can take: take VC money, plan on being scalable, go for the moonshot, etc., versus looking for profitability early on, and choosing organic growth, and a slow, steady progression.

That bit is definitely an important distinction, and founders (of all ilks) should think about it. But I don't quite think it maps to "entrepreneur" versus "startup founder" from a terminology point of view. But that's just me and my biases.

It also strikes me that you aren't committed to one "path" forever. A company could, theoretically, start with the "slow and steady" approach, self-fund / bootstrap, grow slowly while seeking product /market fit, business model validation, etc. and then, once the foundation is laid, go out and look to raise VC money or private equity money to accelerate growth to the "big time".

Re: Startup founders vs entrepreneurs

#10
post #6

"My personal opinion is that if you're starting off from a position of weakness (i.e. you're poor and not famous), and especially if you're not in a startup hub like Silicon Valley, it makes a lot more sense to go down the entrepreneurial route than to go via the startup route." I think this is particularly good advice if you're not a developer or aren't able to make the time available to really dig into learning how…

Totally with you on ::just get something going instead of waiting for a technical co-founder::, but honestly if you're passionate w/o all the skills to make your business, it's not hard to find someone who can be passionate about it too.

I remember some quote about a guy who asked a VC, "How do I find engineers to help build my product?", and they said, "I don't know, but the best entrepreneurs always do".

There are technical people everywhere - plenty of them are bad at raising money, making money, etc., but would jump at the chance to work on an idea they love. Help liberate a great technical person.

At my company, I focus on the mech. eng./ business side, while my co-founder does all the software. It's been great so far, and we both get to work on something we love.

If you have an idea you love, don't sacrifice it because you don't have all the skills - you rarely will. Try to do some small version of it as fast as possible. This will show your co-founders-in-waiting that you've got the chops to run this business so they feel confident in having your back technically while you have theirs on the business end.

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