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17 results for “entrepreneurship risks”
Concept11 mentions across episodes
entrepreneurship
Topic6 mentions across episodes
entrepreneurship
...you are at risk already and it's trying to choice at different risks. Now, by the way, it's great to have cofounders and it's great to have one of them being a little bit more risk management, a little bit the other one, a little bit more risk forwar
8:16 / 9:40
from transcript8:16 – 9:40
...use for entrepreneurship is you throw yourself off a cliff and assemble an iron playing the way down. It's part of that sense of vertigo and impending mortality. But one of the key things for entrepreneurs is that entrepreneurship becomes enabled by
4:29 / 5:33
from transcript4:29 – 5:33
...Where have you seen it gone well, and and where has it gone wrong? It's a great question. I have to think a bit on the flights. I don't have a sort of I haven't come up with a risk framework. I always, like, try and rely on having a framework I've al
37:32 / 38:37
from transcript37:32 – 38:37
they are taking huge risk. It doesn't feel like risk to the founder because, you know, as a founder, you spend $24.07 on your company, your product, you know, everything inside out. For an organization, especially a more traditional one, a startup is
32:14 / 33:23
from transcript32:14 – 33:23
“90% of startups fail - here's the brutal reality nobody talks about”
seem reckless. So how how did you come to terms with that risk, and how should others It is a huge risk. And, it put you under financial stress and mental stress, because as you said, you go from sta
4:40 / 5:19
personal lesson4:40 – 5:19
...risks are overblown. The risk of things like this is a real statistic. Say if you have a child, the odds that your child is kidnapped by a stranger is about the same as them getting struck by lightning. That is how rare these things actually occur. T
7:23 / 10:00
from transcript7:23 – 10:00
...risks that, you know, some of this just the sort of at all process of the business, like we talked about having a really strong finance function. You know, I've seen at least a couple of companies. So sadly where there's something gone really badly w
39:43 / 40:49
from transcript39:43 – 40:49
but I'd still bet on them again. Like, I would still probably, for in most cases, take that bet, because there's so much luck involved in start ups. Did you get the idea right at the right time with the right cofounder? Did you have health issues or
12:54 / 14:01
from transcript12:54 – 14:01
you know, when somebody doesn't make it, and it kind of starts with confidence is the way I would put it. So when like, if you you're you invent a product, you kind of recruit a team, so forth. All of a sudden, you're a CEO. You've been you haven't r
28:29 / 29:31
from transcript28:29 – 29:31
...this entrepreneurship coin. One is where you're creating something that you've just loved so much and you just wanna follow your heart all day long. Right? And that can get you into trouble. Mhmm. Because because that that can that has no guardrails.
24:39 / 25:44
from transcript24:39 – 25:44
...about the risks and limits of the way everybody else thinks. Let me give you an example. Your non entrepreneurial friends will say, oh, Chris, why do you wanna go do that? It's so risky. And, you know, you have such a stable good job, and you'd have
32:15 / 33:16
from transcript32:15 – 33:16
...Entrepreneurship doesn't have a lot of luck. It's just some luck. It also a lot of bad luck. Yeah. You know, entrepreneurship, you have one shot and you have to make it work. Yep. And then you really, really pay for your mistakes much more directly.
45:45 / 46:50
from transcript45:45 – 46:50
right alongside where you started. And if you don't talk enough to your customers or take the time to really get the lay of the land of understanding the industry you wanna get into, I think you're losing an opportunity to maybe tackling something bi
16:23 / 17:33
from transcript16:23 – 17:33
allocation. You know, I find I do want to limit my venture exposure. And I think it's important to remember for me is most of my money is still in stake. Most of my money is in the venture of my business. Like everything around me, I am in a high ris
44:53 / 46:03
from transcript44:53 – 46:03
that you gave it a go. And we have an institutional structure where the venture capitalists can withstand that loss because they have a portfolio that they can, you know, cushion that with. So I often you know, young founders will come in and say, we
8:48 / 10:00
from transcript8:48 – 10:00
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