Surely one of the most overused words these days is “entrepreneur”. I have considered myself an entrepreneur for my entire working life, except for a couple of brief stints at “regular” jobs (Apple, Montgomery Securities). To my mind, being an entrepreneur involves taking a substantial personal risk to pursue creating something which matters to you. When I founded Prophet, I was doing precisely that. There was risk involved – – there were plenty of times I thought we’d go bankrupt – – but my passion for charting kept me going for all those years, through good times and bad.
With the hero worship of Jobs, Bezos, Ellison, Musk, and all the rest of them, the popular definition of “entrepreneur” has been something along these lines: “A person who doesn’t want to work at a salaried job but would rather work at a small company with the prospect of getting rich, yet taking little or no risk to either their salary or their assets.” Essentially, if you don’t want to be in the regular world of work, you fancy yourself an “entrepreneur”.
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