Phares Kariuki

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An experienced startup advisor takes a more negative view, comparing “burning the boats” to “entrepreneurial suicide.” He explains, “If one sets oneself up in situations where you must ‘succeed or die,’ then your fundamental motivation must be called into question. . . . Instead of taking prudent risks to maximize your chance for succeeding, you live constantly on the edge in a world of ‘possible success.’ If this is the case, then the business is your ‘addiction’ that you’re asking your friends and family to support. Further, founders and entrepreneurs should have a ‘safe haven’ if they are ...more
The Founder's Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup
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