What's next after startup success
Some successful entrepreneurs choose to spend their days assisting and abetting other ventures. It may be that the tireless hours and around-the-clock worries were too stressful and mentoring other start-up business leaders is a great way to stay engaged in a company without doing much of the hands-on work.
Some successful entrepreneurs choose to spend their days assisting and abetting other ventures. It may be that the tireless hours and around-the-clock worries were too stressful and mentoring other start-up business leaders is a great way to stay engaged in a company without doing much of the hands-on work.
Some successful entrepreneurs choose to spend their days assisting and abetting other ventures. It may be that the tireless hours and around-the-clock worries were too stressful and mentoring other start-up business leaders is a great way to stay engaged in a company without doing much of the hands-on work. Joining the board of a company or non-profit organisation can achieve the same level of interaction without a full commitment. Even still, dipping a foot into the waters of venture capitalism can serve as both an investment strategy and a way to satisfy the desire to do something after the big sale of your own startup company.
Other startup alumni either immediately dive into another business opportunity or take time working their way back into another venture. Having already developed a business network, understanding how to secure funding, and knowing what steps to take, this is a natural and common path. Not all leaders enjoy the same levels of success with their new companies, though, as it can be difficult to hit upon the next big thing. Find a market that you know or are interested in and get it know it very well. Think of the pain points or areas that scream for simplified solutions and consider ways to turn it into a business.
Not everyone is interested in the working world after “making it” in the startup world. Some choose to pursue the entertaining and enjoyable, living off the proceeds indefinitely. Most famously, Tom Anderson, the co-founder of MySpace, is known to dabble in photography and travel. These hobbies, and some lifestyles, are certainly constrained by time limits for startup founders. Sometimes the passion and fuel necessary to make a first startup venture simply cannot be reproduced.