A Puncher’s Chance
My name is Charlie Arthur and I’m an early stage entrepreneur. I’ve been working with data for 10 years and focusing on fraud analytics for 5 years. I’ve been successful in corporate America, but I know I can make a bigger impact as an entrepreneur. So I decided to form a startup, Aldebaran Labs, to provide health care payers a fraud detection platform using state-of-the-art machine learning and artificial intelligence. This is a $40 Billion a year problem and it hurts every single American!
So why would I call a post about business A Puncher’s Chance?
I’ve been a fan of boxing since I was a boy. I grew up in the Mike Tyson era, it was inevitable. After boxing for a decade now I’ve learned that the Sweet Science is a beautiful sport that is a microcosm of life and business. A top-tier prize fight is the finest display of strategy, toughness, and dedication to craft that we can witness.
A puncher’s chance typically refers to the underdog and it reminds me of the potential Connor McGregor vs. Floyd Mayweather Jr. super-fight. Nate Diaz says that Connor McGregor has a puncher’s chance against Mayweather, but McGregor is one of the great MMA fighters and no stranger to boxing. So the only thing that makes him an underdog is that he’s stepping out of his comfort zone and testing himself against the best boxer in the world. He does have a puncher’s chance, but not because he’s an underdog. It’s because he’s in the fight and he’s earned the right to be there.
I can’t say that I think he’ll win, but I damn sure admire his chutzpah.
The same is true for entrepreneurs. The odds are stacked against success, but you can’t win if you’re not fighting. I don’t consider myself an underdog. Aside from an extremely troubled blue-collar childhood, I’ve earned an Ivy League education, a talent for innovation, and some of the smartest people I’ve ever met are donating their time and wisdom, just because they believe in me and what I’m doing.
My first lesson was that entrepreneurship isn’t about selling. It’s about creating connections and telling people what you’re doing, why you’re doing it, and why you’re excited about it. If you can do that and you’ve got something worthwhile, then you’re in the fight.
Personally, I hate when people cheat the system and I’ve got something that can put a serious dent in the problem. But I’m not satisfied just being in the fight, so I can’t rest until I’ve done everything I can to succeed.
A wise man recently told me that entrepreneurs suck at telling their story… Well, this is mine and I hope it’s compelling. Please share your thoughts and stories.
Stay tuned for updates on Aldebaran Labs and my musings on business and the entrepreneurial journey.