Box Canyons, Low Saves, & Entrepreneurs

Two definitions/phrases that I often use in talking about and meeting with entrepreneurs:

box canyons: Successful entrepreneurs are skilled at racing hard at brick walls. There is, after all, no point in parcelling out capital slowly to try and stay alive for ten years, as opposed to fighting hard for three and either succeeding or failing. But being unafraid of brick walls is altogether different from racing into a box canyon. It’s one thing to have a known constraint — usually capital — ahead; it’s quite another to leave yourself in a place surrounded by unscalable walls.

low saves: Some entrepreneurs are overly fond of taking their company to the brink of disaster, only to to dig it out again with a last-minute finance, or a crucial hire. While it can be huge fun, and sometimes necessary, it’s a dangerously addictive instinct, one on which some entrepreneurs become reliant. (It comes from paragliding, where veterans often see how low they can go and still find enough lift to get back up to the proper altitude. It’s a rush, but you  must never forget that the ground is not very forgiving.)

Related posts:

  1. VCs, Serial Entrepreneurs, and the Triumph of Boilerplate Thinking
  2. Conservative Entrepreneurs & Jumbo Shrimp
  3. Entrepreneurs are from Mars, VCs are from Venus
  4. How Entrepreneurs and VCs View Time Differently
  5. Mars & Venus, Redux

Comments

  1. pooja p says:

    Hi,
    i m a wanna be startup, presently a techie from india.. (for intro sake.)
    did a google/wiki search on Greed and landed up on yur page, yeah im still figuring out my jigsaw on zero-sum economics.. (is wealth creation real ??) or is it just perceptive value gain,, have an engineers mind -need to dig economics..
    Trust me i need more hints n clues so as to define the activity that i choose to live doing this time of my life.
    how wud you determine the direction of an invention as to aiding evolution..
    i acknowledge u must be busy ,if u can reply back on my mail id, wud be grateful