(can also be read if you are working for an entrepreneur and find him/her weird some times)
To all of you guys out there who work every day on your dream. Who get up every morning and work like ants on creating you dream. You guys who don’t get disturbed by the common rules – or your mother in law – who wants you to take a real job. Quite often it can be a little lonely – and very few people understand what the crack you are trying to do = you might feel a bit lonely some times.
Most of us ENTREPRENUERS are often called stupid (because we are sometimes) – and laughed at – and we try not to show the world how nervous we are while we are strangling with that crazy idea. That dream of a company – a vision coming live. While we are trying to persuade friends and partners and people with money (and hopefully a bit of brain and knowledge) to join our vision – to take part in the unknown. We are trial and error people – who knows the very best: There is no formula!
There is so much hope.
Remember the small victories (and celebrate them) – and don’t give up. The world needs you – and only innovation can solve the crisis we see in the western world.
And remember that Zuckerberg, Zenstrøm an Evan Williams are people like you – and they had no clue that Facebook, Skype and Twitter would become so silly big… You can copy and learn and read up – but I think the real trick is hard work, long hours, focus and the ability to mobilize people (employees, partners and clients/user). You have the same chance.
Im writing this because I get so so many fantastic e-mails from people who wants to start a company – make a vision come trough or just have an idea. But right now – Im not able to help out – not able to invest (money is still super tight). My only way to help is to give a little oxygen to the entreprenuerial flame(s) out there – and underline that crisis is a fantastic time to start companies. 1) Many game changing companies have been started in recession – and despite all the warnings about double dip (and this is not salsa and guacamole) – the economy will come back somehow. 2) Only the hardcore – who are really serious try in this climate 3) Building a global company has never in history had such low entry barrier. (Imagin how much time a the founders of Johnson&Johnson must have spend waiting for snail mail 100years ago – when the went global with theyr plaster).
And Im proud to see them brave “idiots”
Around me – who don’t get scared by a all the hick-ups a small company has – and stay behind they vision and dream. Despite the fact that they could take a silly well payed job (and potentially bored themselves to dead). And I say idiots – because the risk is silly high and friends and family sometimes suffer – but that what it takes to be an entrepreneur. And I see people who made enough$ to relax and live on a beach – who keeps doing it (like me – back then). And then I see how most people with this religion called entrepreneurship – get a lot of energy from meeting up in groups and discuss and unveil all they problems and SUCCESES.
Use all the new initiatives – Startup Bootcamp, seedcamp.com, … They are fantastic meeting places and generates tons of new teams and ideas.
The Temperature of Venture Capital
– right now – the VCs (of whom many has problems raising a next fund) are very active – and a bit more polite then before. And if you can assemble the rigth team and the rigth vision – there is TONS OF INVESTOR CASH TO COLLECT. But you have to be fair on valuation and extremely focused on building a real revenue generating business – AND THATs IN MY OPINION VERY VERY GOOD. Sanity is back.
Dont spend time on reading to much about the new big Angels versus VC discussion – thats a way too niche discussion to care about as an entreprenuer. Just find what suits you – and be carefull with generalising about investors. They are all as different as 10 siblings – same family – but all have their own personalty… From Conway over Fred Wilson to Andreessen Horowitz and maybe your next door neighbor.
Just Do IT
Yes – bacause you can. And technology is faster and cheaper then ever. Just remember that most people around you will not understand you – and that does not mean that you dad is wrong in everything he says. You have to create a VERY SOPHISTACATED filter when it comes to advise and help – and you can start by decifering the crap that I have just incepted to your brain here/now… :)
Its simple – not easy.