Sergio, very ntereting post from the neuroscience aspect of analysis. I agree that entrepreneurs do have many different characteristics with normal people, just as extremely sports athlete who love one challenge after another. But I find there are often two types of entrepreneurs. One type is the serial entrepreneur, who are very addictive to found another company after one is successful or being sold. Another type is a more “easy-satisfied” entrepreneur, who once achieved success in one company would then stick to that company (his/her baby) and dedicated to grow it big, even often it may just stay a mid-small size for his/her life time. I am interested to know how do you think of the second type of entrepreneurs? Are they also good entrepreneurs without being so addictive?
Well written, Dino! Your post inspired me to also think further about a dilemma some of us may have shared: whether we should raise money from angels/VCs now if we have a solid idea or shall we work for a few years and accumulate some fortune to partially fund the startup ourselves?
The first way may give us early chance to test our ideas, and build serial valuable experiences even if we failed the first few times. But we may ended up with much dilution in equity ownership and “waste” several years succeeding in nothing big which may give us more pressure in the next startup. On the contrary, the second way may give us more buffer time to gather experience and build necessary skills (if we have worked in relavent industries/positions, e.g. startups, or managerial roles, etc), and could use our own money to secure more control.
I don’t know which way is better. Maybe it all depends on different person’s background and goals. But how can we make better decisions on choosing different paths?
Lynn, this is a great post that we should pay attention to! I have previously done a research in school about female entrepreneurs innate advantages over their male counterparts in running a business, and found that women actually do have some endowed qualities, for example, maternity (raising a company like a baby), sensuality, intuition, multitask, communication skills, relationship building, patience and consistency.
However, just as you described, even though female entrepreneurship is rising, there are still many obstacles exist for them to overcome: 1)access to appropriate levels of capital support due to the stereotyping and preconceptions of women by the public. ‘Whether women entrepreneurs apply to an institutional financier (a bank, a finance agency), a friend, a relative or even her spouse, they are likely to come up against the assumption that “women can’t handle money”’. 2), concern of the problem of combining work and family. If the woman spends long hours at work, their families will be less likely to have children or plan their arrivals carefully. 3) lack of networks of information, advice and appropriate contacts when necessary. Although women have the talent in cultivating strong and lasting relationships, they are often excluded from many formal and informal organizational networks due to gender bias and the ‘established male-dominated system of customers, suppliers and creditors’.
I think as women, we ourselves need to be aware of the common barriers for us, and fight against them by building strong support and network ourselves.