- Posted October 24, 2012 by
Contrary to B-school Teachings, Accidental Entrepreneurship is Good
I love mentorship. And sometimes because my IQ is a li’l lower than most, I have to really leverage mentorship by listening and watching alpha males like the way a Shih Tzu watches and studies and stares intently.
Paul Graham (PG) is an incredible mentor to teams and teams of startups. At Startup Academy at Stanford University, he said:
cropped-head-shot_normal.jpgLarry Chiang ✰ (@LarryChiang)
10/21/12 10:21 AM
RT @mehulkar: “I really wish there more people with companies that started them than the other way around” -PG
What I think he is saying is that it is bad to be an “accidental entrepreneur”. If he is saying this then I (as a pattern recognizer) say: “Do what PG does, not what he is quoted out of context saying”
What I think Paul Graham did is accidentally become a tier one GP. A GP is a general partner of a VC. A VC is a person who is on the value extraction side of the table, across from an entrepreneur, providing founders with capital.
I’m pattern recognizing that Mr Paul didn’t set out to co-found a VC firm. That became a top tier VC firm. Paul Graham is an accidental VC.
My opinion* is that you SHOULD be an accidental entrepreneur. As an engineering undergrad from University of Illinois Urbana-Champaign, why take a risk when you can make $140k?!?!
*based on 60,000 hours of entrepreneur expertise (that I read in over 500 books on Startups)
I’m saying do a LC ‘Mini Company Concept’ that resembles a lemonade stand / dorm room based business. Startups are dangerous. Doing an LCMCC http://www.duck9.com/blog/credit-secrets/the-larry-chiang-mini-company-concept-lcmcc/