Posted on : January 9, 2019
Views : 3
Category : Startup
Vinod Khosla is the founder of Khosla Ventures, a firm focused on assisting entrepreneurs to build impactful new energy and technology companies.
What Makes a Successful Entrepreneur
  1. Almost all the great entrepreneurs have great vision. They have a mission and a passion.
  2. The reason that’s important is every startup runs into lots of scary problems. The ones who have a mission and a passion, almost a religion about it, they don’t give up.
  3. When you have to bang your head against the wall and you’re running out of cash and nothing seems to be working, you need a religious fervor to break through those walls and keep banging your head till you punch through.
  4. It’s really hard being an entrepreneur. I find the people who are too pragmatic, find something else to do. And the ones who are mission-driven, drive through that wall. It’s one of those old sayings, you keep trying till you succeed and you don’t give up, that’s important.
  5. Depth of knowledge and thoughtfulness are really important. Now, turns out there’s the dreamers with the big vision, that’s necessary, but it’s not sufficient. The really good entrepreneurs get very pragmatic.
  6. Here’s the way I would describe that characteristic of an entrepreneur. If you’re trying to cross a stream, you have this mission to cross the stream, but if anybody is trying to do that across flowing waters, you almost never go direct.
  7. You zigzag to the left, you find stepping stones, you might find a log. This zigzagging departs from the vision and the mission to be tactical. This schizophrenic personality between being mission-driven and visionary, and being very tactical and pragmatic.
  8. The way I like to think about it, good entrepreneurs use each stepping stone to gather the resources to get to the next stepping stone. The zigzagging is OK, but eventually, their goal is to get across. That to me is a really important description of what good entrepreneurs do, this pragmatism with mission.