4 ms·
> Most entrepreneurs arise out of an idea. And how did you get that idea? How did you get the experience to see that there was an unfilled need in the marketpl
by Xodarap 12y ago
> Most entrepreneurs arise out of an idea.
And how did you get that idea? How did you get the experience to see that there was an unfilled need in the marketplace?
People who have experience in a field perceive their risks as lower (correctly!) and are therefore more likely to start a company. It is a perfectly rational decision and is unrelated to risk tolerance.
- rcarrigan87 12y agoExactly my point actually. You work in an industry, might even have a cozy corporate job and great benefits. You're on a solid career trajectory. Leaving that to start a company rarely makes financial sense. But most people aren't assessing it through that lens. They know their industry, have a great idea, and they HAVE TO DO IT. Even if financially it seems nuts!
- Xodarap 12y agoEntrepreneurs are, in general, not motivated by money. This may be what you are saying - in which case I agree! What I object to is this statement: > Or may you just don't have the risk tolerance for entrepreneurship. Risk tolerance is at best weakly related to the likelihood that you will become an entrepreneur, and risk-tolerant entrepreneurs [perform worse](http://hal.archives-ouvertes.fr/docs/00/85/66/06/PDF/PEER_stage2_10.1016%252Fj.jebo.2010.02.012.pdf http://hal.archives-ouvertes.fr/docs/00/85/66/06/PDF/PEER_st...) than average.