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Re: Where is the unicorn?
  • 1/22/2015 10:53:37 PM
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@Louis, they are the top 15% hoping to become part of the 0.01%. You don't get IPO money being a regular entrepreneur!

Re: Where is the unicorn?
  • 1/22/2015 10:49:08 PM
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@Jamescon, I like your differentiation far better than some of the evangelical entrepreneurs out there, who claim to be an entrepreneur you have to be aiming to not just innovate, but revolutionize. Because some forms of innovation -- like a niche market of shoes -- just won't change the world like Facebook or iPhones.

Re: Where is the unicorn?
  • 1/22/2015 2:04:13 PM
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If you're a "regular" entrepreneur just wanting to start your own company --- let's say a printing firm --- some purists today would argue you're not even an entrepreneur. You're just a small business owner.

 

Sounds like these "purist" are a part of the 15% or so that hold all the wealth ?

Re: Where is the unicorn?
  • 1/22/2015 2:00:46 PM
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 @Broadway   Interesting point.   I think the view you mention is a bit "high handed".  Sure in your example - this business will not change the world, but it does create value ( which is what entrepreneurs are trying to do ) and more than likely whoever is starting this business is doing so for the first time - sounds like an entreprenuer to me.

But I get your point, there are those out there who would rather high brow the concept and demean the value of individuals who seek traditional business opportunity for the first time.

Maybe the definiton of an entreuprenuer is changing but I think it might be unnecessary.

Re: Where is the unicorn?
  • 1/22/2015 1:50:23 PM
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@Jamescon   Good point.   I had forgotten about the connections earning an MBA affords.   I have much admiration for those individuals whose goals are to startup, sell and do it again  !

Re: Where is the unicorn?
  • 1/22/2015 8:19:59 AM
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@Broadway. I think the differentiation between entrepreneurship and basic small business ownership is innovation. You might have a completely new approach to selling shoes -- offering new tech for better fit or lower price, or you might target a niche market that is underserved. Basic small business would be "me too".

Re: Where is the unicorn?
  • 1/21/2015 8:50:36 PM
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Jameson, I'd add to that list that founders now are driven by the need to change the world --- whether it's from creating a new tech product that will change how people work or play --- or creating some for-profit for-purpose company like TOMS Shoes. If you're a "regular" entrepreneur just wanting to start your own company --- let's say a printing firm --- some purists today would argue you're not even an entrepreneur. You're just a small business owner.

Re: Where is the unicorn?
  • 1/21/2015 1:13:30 PM
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@Louis. The CEO title for the MBA who goes into a startup is just the gravy. The enterpreneurs that I've known over the years (some with multiple successful exits) are in the game because they want to build something new from scratch. That's particularly important if they can bring something unique to the market in terms of a service or product. Also, let's not overlook the fact that they hope for a big payday down the road, whether through IPO or acquisition. In either case they often will take their payout and experience with the startup and with the acquired company and go back out to start yet another company a couple of years later.

Re: Where is the unicorn?
  • 1/21/2015 12:37:58 PM
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All this talk about start-up reminds me of the new/old economic model that we seem destined to follow.  Job creation ?   Well that is the responsibility of SMB's now and has been arguably for the past 30 years.   

Not the subject of this thread but an interesting aside I think. 

Re: Where is the unicorn?
  • 1/21/2015 12:32:54 PM
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" ...some places still big feeder ponds for finance and consulting, for instance."

 

@Broadway     Isn't that called the Ivy League ?   : ) 

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