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An Entrepreneur’s Sacrifice

May 10th, 2005 · No Comments

Ross Mayfield points to a poignant story:

Rob Shostak, a long-time entrepreneur and founder of five-year-old startup Vocera, told a story about meeting one of the founders of software maker Lotus Development Corp. shortly after it had gone public. The guy had just cashed out $18 million of stock and invited Shostak back to his apartment to see a present he had bought himself. It turned out to be a modest Jeep Cherokee. Shostak followed the founder up to his apartment, expecting to find a palatial penthouse. But it was an average place furnished with only a mattress on the floor. “I was kind of dumbfounded when he volunteered, ‘Actually, they just took all the furniture out to go to my ex-wife’s place,'” Shostak said. “It was a striking and poignant moment for me to realize the cost of his commitment to the company.”

Tags: Entrepreneurship

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