Where’s the Leverage for Entrepreneurs?
June 3, 2005 by Dane Carlson | 0 Comments
Ben Casnocha:
A nice post by my Cole Valley neighbor Mark Pincus who groans about the lack of leverage entrepreneurs have. VCs and other investors can make several large bets among various companies in different market segments, hedge fund managers are pretty much guaranteed a year in year out solid return, but entrepreneurs must make one concentrated bet and wait years to see if there’s a payoff. To obtain the same leverage as the aforementioned, entrepreneurs must start multiple companies, start an incubator, or join a VC fund.
…
The last thing Mark touches on is the day-to-day grime of the entrepreneurial life style. This is simply a reality of being a business entrepreneur. On top of the lack of diverse intellectual stimulation and significant financial risk, there’s also a massive time commitment, endless meetings, planes, pitches, and cold pizza.
My bottom line is that if you need the kind of “leverage” that the other people get in order to be fulfilled and happy or if you need a fat check annually, then the start-up entrepreneur in the typical sense is not the profession for you.
In Entrepreneurial Lifestyle | 0 Comments
No comments yet.
Leave a Reply