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by jfernandez 5165 days ago
This article's title is misleading, it should read more like "...Don't do it for the wrong reasons" as he explains in the actual post. Beyond these reasons there are tons of people who want to make a company because:

- They will offer something novel or fresh

- They have the passion to change an industry that has otherwise been stagnant

- They want to offer choice or competition for a product that has been relatively monopolized

- And to a smaller degree if they're outside of the NYC/SF area, bring the tech scene to other areas of the world

2 comments

I think all of these reasons are good and fall under the "change the world" reason outlined in the article.

People seem to be misinterpreting the article by assuming that these can't be factors at all. It's pretty clear that everyone needs an income. These should be interpreted as primary reasons and that I agree with completely.

If your primary goal is to make yourself money or get power, it is guaranteed that the rest of your company does not share your vision and if they knew about it, they would probably try to find other jobs.

It's more than that. He's conflating personal motivation with business model validation. Yes your business model should be validated, but what's wrong with pursuing money?

My goal has long been to work on my interests without having to worry about money. But to do so requires financial independence. That's reality. So now I'm pursuing money and looking at ways of generating income without selling my time.

Is there any real evidence to show that people who pursue money don't end up successful? I doubt it.

Is there any real evidence to show that people who pursue money don't end up successful?

I once read that the 2% of people in some defined group who set financial goals outperformed the other 98% combined.