Found a company and you can be in control or you can be rich. It’s hard to be both: you need to figure out what motivates you, and what’s important to you, and then act accordingly.
According to Noam Wasserman, a professor at Harvard Business School, if you’re an entrepreneur then you will often face situations where you need to confront this dichotomy.
When you start up, do you set off on your own (and stay king), or find a co-founder (losing control, but increasing the odds of success)?
Do you choose investors who stay in the shadows (remain king), or ones who are hands-on (get rich)?
When you reach your limits, do you remain CEO (and stay king) or take a back seat and hire somebody in to take your place (get rich)?
You can read more at Noam’s blog. Or – even better – you can hear Noam’s talk above.
BoS talks to your inbox.
Don't miss another talk! Leave your email address (unsub anytime and we'll never sell your details).
Be the first to hear when new BoS talks go live
Hear about chances to talk to speakers online to answer questions you have about their talks
Reminders so you never miss a conference again
Hear about scholarships and special offers to attend BoS Europe and BoS USA