Startup People Are Like Pirates
Startup Codex

Michael Arrington, in this 2010 post, shares his version of what it means to be an entrepreneur.

From his own experience, he talks about the risk vs reward algorithm that is broken in entrepreneurs. Why take so many risks when the chances of success are so low?

For him, who gave up a lucrative career in law after some expensive studies, the taste for adventure is the real raison d'être of entrepreneurs. He compares them to the pirates of the 17th century.

A very personal essay, and refreshing to read, which will allow everyone to question their motivations for following the path of entrepreneurship.

Every time we do something, or don’t do something, there’s a risk/reward algorithm being calculated in our brain. Entrepreneurs, though, are all screwed up. They don’t need to be rewarded for risk, because they actually get utility out of risk itself. In other words, they like adventure.