What makes some people so brave not to join a "regular" company but to create their own? I mean, if we got some good ideas or money, or like to say, big passions, are enough for opening the startups?
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migrated from programmers.stackexchange.com May 11 '11 at 15:34
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I'll answer with a quote that's commonly misattributed to Goethe, but it's powerful and accurate regardless of who said it:
Perhaps "passion" is synonymous with "commitment" here and elsewhere. Because for developers and others in startups, the challenges are so many and so daunting that only commitment will carry one through. That's why many/most people in this industry (or others) don't do startups - they might be perfectly capable skills-wise, but it takes more than skill to play the startup game. |
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Two reasons:
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I think that given the right amount of expertise you can be passionate and generate capital working with a terrible idea. That is what we learned from the original Dot Com bubble and I don't think it has changed much since. However, you can't make a successful business from a bad idea. If there isn't a market for your idea, implemented the way you have implemented it, your start up will fail. If you have a great idea, then I don't think finding funding is nearly as hard because people will recognise it for what it is. Likewise, it's easier to commit to what is a genuinely good product. |
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Money and even new ideas can be acquired later. Passion you have to start with and finish with. You may find yourself seeking more money (look at all the B, C, D rounds, I have even seen a G round). Ideas morph and are even thrown away in favor of others. But passion is the ever-present characteristic of those who succeed. |
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Since going through a personal startup business failure, I have acquired the opinion that management skill at every level is the most important attribute for a startup team. It is possible to make a lot of money from a very simple product if the participants understand how to run that kind of company. Conversely, without management experience on the team, the chances for success are very low. Note that the person or persons with the management experience do not necessarily have to be part of the original group of inventors or concept-creators. |
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