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.
BUSINESS OF SOFTWARE – FOR PEOPLE BUILDING GREAT SOFTWARE BUSINESSES.
This year will be the 7th Business of Software, a three day conference for founders who want to build sustainable, profitable software businesses. BoS has always been a special conference for our delegates and we want to keep it special.
Attendance is restricted to just 400 attendees in 2013 and we have 200 places taken and the next 100 tickets (as of April 20th) will be sold at the second Early Bird Rate.
If you want to see all of the action from Business of Software 2012, the videos of the talks are available in one place now: