Emergic: Rajesh Jain's Blog

Emergic: Rajesh Jain's Blog header image 2

An Entrepreneur Brain Flip

November 30th, 2006 · No Comments

Rick Segal writes about the ultimate VC nightmare:

An EBF happens when a founder wakes up one day and ‘flips’ into employee mode. To me, nothing is scarier then a founder saying “It’s just a job.”

This can happen for a number of reasons but the signs are pretty clear.

When you are closing a deal and the entrepreneur negotiates for his/her pay like it’s a job, that’s trouble.

If you don’t feel like you are the owner, jezz, don’t take the money; don’t close the deal. If you feel the need to fight over severance in your employment agreement and it runs 30 pages, bad start to the game. If you worry about ‘ getting fired ‘ and aren’t thinking about the business, who is right for the business, etc, etc, don’t close the deal.

Tags: Entrepreneurship

0 responses so far ↓

  • There are no comments yet...Kick things off by filling out the form below.

Leave a Comment