Last week, I was invited to sit down with President Barack Obama for a private meeting in his hotel suite…
The Real Meaning of Entrepreneurship
Of the 7.5 billion people on this planet, only 6% are entrepreneurs. It is a job that requires 24/7/365 of a person’s mind, body, and soul. 90-95% of all startups fail eventually. The historical odds of creating a US$1 billion startup are 1 in 10 million startups. With all these crazy numbers, many people question why entrepreneurs do what they do.
It is simply not rational.
For me, entrepreneurship is one of the greatest adventures in life. Yes, it is true that the economic rewards in entrepreneurship are handsome. However, if you ask true entrepreneurs (like Elon Musk, Richard Branson, or the late Steve Jobs) what drives them, it is not money. It is the thrill of the adventure. A true entrepreneur yearns to change the world, to defy the odds, and to make a positive impact on the lives of others. Money is simply a by-product.
In many ways, entrepreneurs are artists and romantics. We believe in dreams. We believe in love. We believe in expressing our souls through our work. At the end of the day, we all die. Nothing remains, except for the impact we make on others. The knowledge that we left this Earth better off than how we found it is perhaps the immortality we seek.