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by camara 4468 days ago
There are two quite different motives for building a company.

One is the financial comparison between building a company and working at one. This is a straightforward risk-reward tradeoff. When you think about it you will consider things like stability and the impact of stability on other things you want to achieve in life, like family; you will also consider things like how to make starting a venture as safe as possible and gaming what you build based on likely exit; you will think about freedom, meaning freedom to do other things.

The other kind of motive is the desire to build an empire, to run something that is yours and to leave a mark on the world. People who are motivated this way don't think along the lines of risk v. reward or stability being sacrificed or freedom being earned; they don't even think about the reward from exit, except incidentally, as a way of building the big thing they really want to build or as a way of keeping score. People like this just don't think life is worth living (for them, not for other people) the other way; their overriding goal is to build a great organization doing great things.

It's important, I think, to understand which of these motives is active when you're thinking about starting a company --- or joining a startup at an early stage. If you are a type 2 person, you won't be happy until you're building that kind of organization for yourself.