Back to the starting point – well the mere utterance of the word, takes one to the subtle truth
of its inevitability. However, the beauty lies in its awareness. And with awareness, comes preparation. You will do well to keep that in mind. Being a founder is like being a Yogi. And guess what, traditionally every Yogi started his spiritual process in the cremation grounds. Many have used it as a spiritual process. Gautama Buddha made it mandatory for his disciples to go and sit in the cremation grounds for 3 months. But it can’t stop there. Bending and twisting your body has its benefits for your health, but there is much more to being a yogi. Funding & valuation has its benefits for the health of your startup, but there is much more to being a founder. Go and sit with failed startups.
My advice for budding entrepreneurs – By all means do the Start-up, let the low probability of success not overwhelm you. By all means do the Start-up. Let there be no two ways about it. There can’t be a more fulfilling journey than founding a new company. Have the courage to follow your heart and intuition. Never doubt it for a moment – the journey is indeed worth it. BUT having decided to do it, don’t fall for the Survivorship bias. You should DO everything to make a success out of your ventures. Take Help. Get the right mentors, get into a good accelerator program, talk to the experienced founders. Hang out with people who are already the way you want to be. Entrepreneurship is a romanticised word but it is an extremely tough world. You need all the help you can get to improve your odds of success.
It is critical to have hope but remember – Hope is not a strategy.