Rich entrepreneur, poor entrepreneur
Lessons on financial and emotional literacy
One solves problems and produces money, the other works for money.
One said I’m a genius so I’m entitled to investors money, the other said I’m a genius so I choose my investors.
One said I’m working hard so the society will reward me, the other said I’m working hard so I can serve the society.
One said we work to make our life better, the other said money gives me the freedom to make the world a better place.
One said I’m going to need someone to write a plan for me, the other said I plan to create demand for higher standards.
One said I’m raising the largest round I can to make sure I have enough runway, the other said I’m raising the largest round possible to buy out my competitors.
One ignored his emotions and lied to himself why he was working and the other is truthful about his emotions and used his mind and emotions in his favor.
One was poor in his thoughts, the other rich in his mind.
One lives to serve others, one lives to serve his desires.
One confronts his fears, one escapes his fears.
One is emotionally literate, one is emotionally driven.
One sees global, one wants to just build.
One created a lot of value, one kept a lot of the value created.
One welcomes change. The other dreads change.
One is excited about making millions. The other is worried about running out of runway.
One sees opportunities with their mind, the other sees opportunities with their eyes.
One is open, curious and eager to learn and the other is closed, defensive and eager to protect his ego.
This is an adaptation of the popular Rich Dad, Poor Dad book, a best-selling personal finance book in the context of entrepreneurship. If you can think of similar sentences, leave a comment!
This is the nineteenth in a series of posts about our investment criteria and ecosystem resources which was also posted on LinkedIn. We’d love to hear from teams with crazy (but commercial) startups. Get in touch or attend our breakfast series. Finally, don’t forget to get your IV Score to prepare for your next VC meeting.
