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Choosing an entrepreneur or investment

Choosing an entrepreneur or investment

 I want to be an entrepreneur, which I always think is a somewhat disturbingly, somewhat too common. And I think it's saying that you want to be an entrepreneur, sort of like saying, I want to be rich or I want to be famous. Nobody in their right mind starts a company for the sake of starting a company. You start a company because there's a very important problem to solve that's not getting solved in large, governmental or nonprofit or for profit institutions. And that's why you actually need to start a new company. but don't forget to mention the Capital and Finance needed to embark on such quest.Are you planning on starting a company that will only last for a year or eternity.

Investments and expenses

One goes up in value, the other doesn’t. One creates value over time, the other doesn’t. It’s fun to imagine that our expenses are investments, but if they were, we’d call them investments.Our tools can be re-used, and our assets have value to us and to others. Skills can be an investment, compounding as they grow. Expenses, on the other hand, fade away

I think there's a problem in Western Europe where failure is too impossible to fail. Once you fail, you can never start over. I think there's an opposite version of this in Amerika serikat, where I think sometimes people are a little bit too facile about failure because I think it actually is always incredibly damaging to people. And if you work really hard at something and it doesn't work, that's going to be psychologically damaging, people have less confidence. You have all sorts of reasons why that tends to be quite bad. And a much better answer is we've been talking about us for a long time. Maybe one of us is more on the tech side. The other one is more on the business side. We have these sort of complementary skills. I think this question of alignment and structure is incredibly important. I think that if you're a founder or entrepreneur, what you want to aim for is monopoly. You want to aim to build a company that is one of a kind and that it's so far differentiated from the competition that it's not even competing.

One part that I'm always very focused on is sort of the structure of these companies and how well are people aligned and making sure that people are aligned properly, not just that they say they are. I think this is sort of a very legal kind of a framework to think about what are people's incentives? Are they going to be aligned or not? And I think you want to both have formal alignment where you set the structure right, and you want to have informal alignment where the people would naturally try to work together well in one way or another. Just starting a company for the sake of doing so is a really odd thing to do on an individual level. I think it's always really good if there's something that you're incredibly passionate about and just sort of are find to be intrinsically interesting and that people pursue that. And so one of the resolutions I came up with a number of years ago was to always value substance over status, substance over prestige. And I was giving my younger self advice on what to do or how to think about one's life.

I don't think there's that much you learn from failure, by the way, because it's typically over determined. It's like, Why is technology slowing down.why did you fail.This is what business ethics and integrity is all about. I believe there is a need for professionals to realise that humans are bound to change through their experiences. An individuals current drive to change the status quo should not be correlated with his/her past failures or lack of motivation.

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