1. The Elite of the Era, PayPal Mafia
Do you know the founding members of PayPal, also known as the ‘PayPal Mafia’? These individuals are elites armed with entrepreneurial spirit. Like Google’s Larry Page and Sergey Brin, they designed the future from their garage, opening up a new world. Their success stories from an old garage inspire many entrepreneurs.
2. Seeing the Future
Seeing the future goes beyond simple foresight to actually seizing those opportunities. The founders of PayPal entered their garage to create the future payment system. Seeing the future means discovering the gems in the market. They are a prime example of seeing the future and making it a reality.
3. Variables of Success Potential
The path to success is never smooth. Entrepreneurs often feel powerless between the vision of the future and the potential for success. The process of realizing a vision is painful, but it is part of the journey toward success. Many entrepreneurs endure this process to carve out their path.
4. The Life of a Startup CEO
Living as a startup CEO is like being a moth drawn to a bright light. In other words, it’s like a moth to a flame. You run towards the future, but sometimes the light is not the real sun but a small bulb. Startup CEOs take on such risks to lead their businesses.
5. Don’t Be Fooled by Fake Suns
During the peak of the blockchain hype, many thought the sun was there. However, with the FTX incident and the Terra Luna incident, they realized the light was fake. Similarly, to avoid being fooled by fake suns, thorough market research and analysis are required.
6. Opportunities Pass Even Now
Opportunities continue to exist. Just as startups began in garages 20 years ago, there are still people seeking new suns today. Like Vitalik Buterin, who created Ethereum, many are still searching for opportunities and challenging themselves.
7. Elon Musk and 100-Hour Work Weeks
Elon Musk brought his vision to life by working more than 100 hours a week. If there is a clear future, an entrepreneur invests all their time to realize that vision. This stems not just from diligence but from a deep yearning for the future.
8. Distinguishing Fake Suns
Entrepreneurs need the ability to distinguish fake suns. Not all opportunities lead to success, so it is important to accurately analyze and judge the market. This is essential for success.
9. Full Throttle vs. Pacing
Just as a pitcher in baseball doesn’t throw every ball with full force, startups also need pacing. In the early stages of a startup, relentless effort is needed, but as time goes on, making wise choices becomes more important. In other words, energy-efficient business operations are essential.
10. The Moment of Decision
Those who walk the path of entrepreneurship go through numerous trials and errors. The journey towards success is like a war. To all entrepreneurs who are chasing their own light in the same era, we hope you have the courage to make decisions, even if the path is tough, and we support you.