Are You A Pirate?
……………….When I talk to non entrepreneurs about the startup world I often use a pirate analogy. Not because I know that much about pirates, but the the general stereotypes work well as an analogy.
Why did some people way back in the 17th century, or whenever, become pirates? The likely payoff was abysmal, I imagine. There’s a very small chance you’d make a fortune from some prize, and a very large chance you’d drown, or be hung, or shot, or whatever. And living on a small ship with a hundred other guys must have sucked, even for the captain.
But in my fantasy pirate world these guys just had really screwed up risk aversion algorithms. Unlike most of the other people they actually lusted after that risk. The potential for riches was just an argument for the venture. But the real payoff was the pirate life itself.
Also, it was nearly impossible to be an entrepreneur back then………………
full article at http://techcrunch.com/2010/10/31/are-you-a-pirate/