Comments on: Entrepreneur 2.0

By: Honey, I Shrunk the Startups, Part II | Redfin Corporate Blog

Honey, I Shrunk the Startups, Part II | Redfin Corporate Blog — Mon, 05 Oct 2009 05:43:11 +0000

[...] higher success rate because they are pragmatic and savvy about building a company for an exit, but the magnitude of success is highest among first-timers. If first-timers don’t create public companies, nobody [...]

By: Startup Venture Capital, VC, Venture Capital & Technology » Why do VCs invest in worthless companies?

Tue, 28 Jul 2009 22:11:09 +0000

[...] a guarantee of future success, and as successful “serial entrepreneur” Glen Kelman observes: “…we still insist on believing in the serial entrepreneur with the Midas Touch. We [...]

By: Microsoft: 10% jump in Windows preference, thanks to campaign « Erik Bowman’s Blog

Fri, 24 Apr 2009 11:20:15 +0000

[...] on serial entrepreneurs versus first timers from Redfin’s Glenn Kelman, who writes that every large technology titan (Dell, Yahoo, Amazon, etc.) was founded by someone under the [...]

By: Metrosexuality

Metrosexuality — Thu, 26 Mar 2009 13:55:43 +0000

Michael, you still have the strength to criticize. Erick Schonfeld is simply promoting start-ups and failing to critically evaluate. Erick was better off at Business 2.0 while Duncan Riley is much more formidable for the co-editor position. John, The editor of Metrosexual Journal

By: Links for 2007-11-16 [del.icio.us] : ITP AlumniBlender

Links for 2007-11-16 [del.icio.us] : ITP AlumniBlender — Mon, 29 Dec 2008 23:16:12 +0000

[...] Entrepreneur 2.0 (fwdâ€™ed by Alex) This article sums up some of what is making me so crazy in the head right now. [...]

By: perde

perde — Thu, 25 Dec 2008 16:48:11 +0000

good

By: Executivo e MBA em Startup « meuslinks

Executivo e MBA em Startup « meuslinks — Mon, 17 Nov 2008 13:57:57 +0000

[...] to build it”, presumably why he stands back and waves his hands a lot (and occasionally plays golf in space). You can find CraigsList littered with ads by biz guys, incredulous that hackers aren’t falling [...]

By: Ralf Lippold

Ralf Lippold — Wed, 01 Oct 2008 09:17:57 +0000

Glenn -

Thanks for the great post. Just recently I must experience that entrepreneurs run into heavy difficulties as all the stakeholders (exept sometimes the customers) are running aftter their “old thinking”.

Entrepreneurs and also Intrapreneurs (doing the same thing in an organization) have by definition a different view of how things work and should work. Some bothering processes trigger new ideas that they put into practice.

If one thing is running there will be other ideas coming to the surface of their minds and they get them into reality – with the help of others.

How about TEAM ENTREPRENEURS? Yet an issue around the entrepreneurial world?

Cheers,

Ralf

By: LaBlogAtoire » Les jeunes sont meilleurs que les vieux?

LaBlogAtoire » Les jeunes sont meilleurs que les vieux? — Wed, 03 Sep 2008 13:59:53 +0000

[...] C’est un fait, les entrepreneurs en série réussissent rarement aussi bien que lors de leur premier projet. On en a quelques exemples au Québec. Plusieurs entrepreneurs de la première vague [...]

By: Glenn Kelmann Is Speaking at Bloodhound Blog Unchained Social Media Marketing Conference Brought to You By Zillow.com | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments

Sat, 10 May 2008 17:14:39 +0000

[...] Kelmann is coming to Phoenix. Mind you, he has every reason not to come, now. This accomplished young man could be in Seattle, San Francisco, Los Angeles, Orange County, San Diego, Boston, or our [...]

By: Are You Experienced? | The Shared Success Blog

Are You Experienced? | The Shared Success Blog — Wed, 30 Jan 2008 15:24:42 +0000

[...] Glenn Kelman and Guy Kawasaki have each contributed excellent posts regarding the myth of the experienced entrepreneur. Both of these posts are worth reading. Would you have felt better about investing in Apple, Google or Microsoft if Jobs, Brin, Page and Gates had a proven track record? It doesn’t take experience to have a dream and it doesn’t take experience to have an itch strong enough to do something about it. Shared Success is about sharing experience, knowledge and resources so that no one has to put a dream on hold. The community’s collective experience trumps any one individual’s. [...]

By: One hit wonder « Rowan Simpson

One hit wonder « Rowan Simpson — Tue, 08 Jan 2008 00:21:33 +0000

[...] Entrepreneur 2.0 “[We] insist on believing in the serial entrepreneur with the Midas Touch. We make celebrities of our entrepreneurs because we’d rather believe in talent than luck. And we tend to overlook reasons why second-time entrepreneurs are actually worse, not better, for their experience. [...]

By: Как продать

Как продать — Wed, 12 Dec 2007 08:12:35 +0000

Предприниматель 2.0…

Однако мы, тем не менее, настойчиво продолжаем верить в серийного предпринимателя, обладающего “прикосновением Мидаса”. Мы превращ….

By: Lee Webb

Lee Webb — Tue, 04 Dec 2007 22:12:51 +0000

Good article. I know last time I tried, I went it alone. This time I am going to get experts to help me. I have a great writer on board (Jeff Lewis) and an internet marketing expert (James Brausch). I think last time my big mistake was trying to do it all myself. This time around, I’ll let experts in each field help me be successful. -Lee

By: HeavyGod

HeavyGod — Tue, 27 Nov 2007 08:46:36 +0000

Really good and really interesting post. I expect (and other readers maybe ) new useful posts from you!
Good luck and successes in blogging!

By: Ideate - Small Business in South Africa

Ideate - Small Business in South Africa — Thu, 22 Nov 2007 07:00:47 +0000

[...] I got pointed in the direction of this article: http://www.tech...ntrepreneur-20/ [...]

By: ARDELL

ARDELL — Wed, 21 Nov 2007 16:59:30 +0000

The true success of Redfin lies in the tiny ripples it has created. At the end of the day these immeasurable benefits will be their lasting legacy.

By: php indir

php indir — Tue, 20 Nov 2007 14:42:04 +0000

Cmon meow

By: Dotcomkid

Dotcomkid — Mon, 19 Nov 2007 21:25:00 +0000

Interesting post – definitely found it be true that sometimes being opportunity rich leads you run too far with inferior ideas…

By: uberinvestor.com

uberinvestor.com — Sat, 17 Nov 2007 21:40:55 +0000

It really depends on your drive. Some folks are sccessful at their first startup because of the hype (for example what happened during the dot com boom) but they are never able to pull it off. Take example of the guy who started Hotmail (which had no reasonable revenue or profitability). He has mvoed back to India now and has become a real estate developer because his other starups were not successful. Similar things have happened others. Another category is employees from big companies. They usually are so self absorbed with being party of a big company that when they get into a startup they fail to separate themselves from their past performance.

By: Old Dogs and YCombinator « RescueTime Blog

Old Dogs and YCombinator « RescueTime Blog — Fri, 16 Nov 2007 16:35:13 +0000

[...] could easily fall into the trap of believing we’re actually GOOD at it. Glenn Kelman’s guest post at TechCrunch couldn’t say it better– most startups fail. Most entrepreneurs fail. As it turns out, [...]

By: Louis-Eric

Louis-Eric — Fri, 16 Nov 2007 16:34:20 +0000

#6: “the first Canadian search engine ever”

ROFL; you are kidding, right ? Did you miss Mamma, Toile, or that unknown little upstart, Google.ca ?

By: nick

nick — Fri, 16 Nov 2007 02:36:34 +0000

First time around, you have to be lucky two ways – lucky that the market likes your idea and lucky that your amateur execution doesn’t torpedo it.

Second time around, your execution will be way better. You still face the long odds on the idea.

82% to 70% sounds about right.

By: Cereal Entrepreneur

Cereal Entrepreneur — Thu, 15 Nov 2007 23:56:20 +0000

Cmon meow

By: Dan Gudema

Dan Gudema — Thu, 15 Nov 2007 21:30:40 +0000

I think that a generalization can’t be made here, since every case is different based on different people. Some people hit it once, and do it again, while some lose it all the second time around or fail miserably. Though I will give you some of my own thoughts, which are of course generalizations. From what I have seen, early success and belief that one has actually believe they have a winning formula, can be the reason that the second time around is so difficult. Then there are people who failed the first, second, third, to tenth time and hit it big.

Let’s face it, these first timers, who are really capable, are typically in the right place at the right time… So, luck is the primary factor of first timers. I have heard this from them in interviews over and over from successful entrepreneurs. Like it was during the first Internet boom, the second boom or they happened to meet the right person at the right time. This is just like any other industry. People made it big in railroads, oil, cars, HagenDaz, etc., etc, especially during these industries growth phases. Just look at the Microsoft deal with IBM. Think that brilliance was at work. They basically bought DOS from a guy who made it for fun.

So, let’s eliminate the first success factor and decide that fate does have something to do with it. Win the lottery second time around. It does happen, but lightning rarely strikes the second spot twice. Second time around requires more brains and money, because you are not getting lucky this time around buddy. You are going to have to work for it, like every other struggling entrepreneur.

Youth does have something to do with it, especially in services that mostly sell to, you got it, to youth markets. That is what these Internet booms are all about, servicing youth markets. As the volumes of young Internet users move into their 30s, 40s and 50s, you will see this industry age a bit.

If you are trying to evaluate entrepreneurship with measurements and valuations on first, second, third attempts you might as well be playing craps. The most important thing is they do attempt again and stay away from a real job.