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A lot of his type get attracted to entrepreneurship because of the freedom of life that it 'offers' Angel investor Dave Berkus talks about the "freedom dream",
by DabAsteroid 18y ago
A lot of his type get attracted to entrepreneurship because of the freedom of life that it 'offers'
Angel investor Dave Berkus talks about the "freedom dream", also, here (at the beginning of a 9:32 video):
http://www.youtube.com/watch?v=M3-ozlr_fYM http://www.youtube.com/watch?v=M3-ozlr_fYM
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I think there are the right reasons [that people become entrepreneurs] and the wrong reasons, and one of the things that I like to do is ferret out what those reasons are. So I have memories of, and stories of, entrepreneurs that I've asked that question to that suprised themselves when they had to answer it honestly, because usually people want to become an entrepreneur because of two things: they have a great idea, and they don't like the life they're in.
So they envision this idea bringing them into a new life, where either they or somebody else finances their way into success. And then success means lifestyle changes. Success means freedom. And that's the usual dream. And, in fact, you [angel investor Frank Peters] and I both know from our years of entrepreneurial experience that, first of all, the lifestyle of an entrepreneur typically means longer days by far. The point is that you often mortgage your home, and if you don't you know that you're at risk from personal guarantees, and if you add all of the extra stress, along with the personal guarantees and the extra hours, entrepreneurism isn't necessarily the panacea that people think it is when they're looking at a good idea and thinking it's time to go do it. ...
I look for passion. The whole thing gets down to passion. If they have that kind of passion, and the idea is good, then we move on to all the other more substantial things.