Entrepreneurship is over-glamorized. Self-awareness is key; many people who are delusional about being great founders are actually better suited to be excellent executives. The #4 at Facebook or Tesla likely made more money than 99.9% of founders who started their own companies.
Gamma's CEO argues against the popular notion of a solo founder building a massive company. He believes it's not only unlikely to happen soon but also undesirable. The real reward of building an enduring business comes from the shared experience of doing it with a team.
The desire to be a founder is a poor motivator. True drive comes from solving a real problem you care about, which is what led to Pulse's success. Getting the ego-driven desire out of the system first allows for a focus on product-centric building and user value, rather than personal identity.
Entrepreneurs often prefer being the indispensable "most valuable player" because it feels good and gives them control. However, this ego-driven desire makes the business less valuable and prevents it from scaling. To truly grow, a founder must transition from the court to the owner's box.
Consumer tech often succeeds on product alone. Enterprise tech, however, requires a complex business motion involving sales and partnerships. This is where professional executives often outperform founders who may love building products but dislike the business development required for success.
Many founders start companies simply because they want the title, not because they are obsessed with a mission. This is a critical mistake, as only a deep, personal passion for a problem can sustain a founder through the inevitable hardships of building a startup.
Many entrepreneurs love their core business but lose motivation as their role expands to include responsibilities they dislike (e.g., finance, operations). The solution is to reinvest early profits into hiring employees to handle these tasks, freeing the founder to focus on their strengths and passions.
Founders often chase executives from successful scaled companies. However, these execs can fail because their experience makes them overly critical and resistant to the painful, hands-on work required at an early stage. The right hire is often someone a few layers down from the star executive.
A founder's role is constantly changing—from individual contributor to manager to culture builder. Success requires being self-aware enough to recognize you're always in a new, unfamiliar role you're not yet good at. Sticking to the old job you mastered is a primary cause of failure to scale.
The entrepreneurial path isn't for everyone. Before investing years of "blood, sweat, and tears," aspiring founders should honestly assess if they are truly cut out for business ownership. For some, a lucrative sales role within an established, successful company offers greater financial reward with less personal risk.
The "CEO of the product" role at a large company involves managing the inertia of an already successful product. This is fundamentally different from founding, which requires creating value from nothing with no existing momentum. The skill sets are deceptively dissimilar.