A few weeks ago I got to have a couple drinks with a guy I really respect, a seriously successful entrepreneur and VC. We talked about a range of topics but one stuck out to me, “Jonathan, if you’re going to start a company you have to have the right idea and the right timing.” Here’s an experienced entrepreneur who’s not telling me I need to start a new company as soon as possible, but to think about my options.
I’ve been thinking about this a lot recently as there have been several recent posts written about the thrill of starting a company. They all talk about the gutsy entrepreneurs and their heroic feats. The harrowing tales of living off of credit cards, remortgaging your house and working 100 hour weeks. They also talk about the rewards, the money from an exit the opportunities that are open to experienced entrepreneurs.
I agree with both the guy I had a couple drinks with and all of the hype in the blogosphere. Starting your own company can be the thrill of a lifetime, require amazing sacrifices and result in great rewards. But, you can’t just force it. I’m not saying you should wait until you have no doubts, the day will never come. But you need an idea that is worth those amazing sacrifices or you’ll be doing it all in vain.