This article is a curation of a Twitter thread done by Celestime Omin. – Yomi
I left Konga last week. People asked if I was leaving to start my company, I said, “No.” The next question was, “Why?” My answer: “I don’t have the emotional capital”. I have tons of requests to come be a co-founder. When I tell people that I am not the right person, they remind me how Google wouldn’t have existed if Larry Page didn’t go with Sergey Brin.
Entrepreneurship Is Hard
Entrepreneurship is hard. Forget the spotlight it brings. It is hard. You need more than an airtight business plan. It takes more than that. You really must have the staying power and the will. If your motivation is making Forbes “30 under 30” or its variant, then stay back.
I have read cases of people jumping to their death, getting depressed, losing their minds. This thing isn’t as sexy. Forget the hype.
Raising millions of dollars isn’t an indication that you will succeed. Ask the founders of fab.com. At it’s peak, Jason raised over $300m. Entrepreneurship is hard in developed markets. It is harder in emerging markets. Again, except you have the experience and a strong will, stay back.
Be true to yourself. Ask yourself the tough questions. If this is a “me too” venture, don’t bother. You won’t last.
Honour In Working For The Next Guy
Except you have a strong value proposition and you can stick it out, go get a job. There is honour in working for the next guy. It sounds nice to carry the “co-founder” title, but it comes with its own sets of trouble. Go work for the next guy.
Go and be the Sheryl to a Mark, the Johnny Ive to a Jobs. If you do your work well, you will be recognised. No shame. Saying ‘I can never work for someone’ is the first recipe to failure and all shades of disaster. Get a job. Build experience.
Forget what the motivational speaker said last weekend, he probably read it from a book. We all can’t be our own boss.
On IPOs, Acquisitions, ETC
If you’re aiming for an IPO, an acquisition or an acqui-hire, again forget it. You don’t have any business being an entrepreneur. In this market, IPOs are non-existent. No NASDAQ. No NYSE. Acquisitions are scanty. If these are your motivation, go home.
And to you dear entrepreneur, don’t make the other guy look stupid for having a 9-5. It looks bad on you. In summary, we all can’t be entrepreneurs. Don’t make people feel bad for having a 9-5pm.