What Type Of Person Thrives In The Startup Industry, According To A Founder At Simran Nath LLC
Simran Nath believes that those who thrive as founders in the startup industry, where "over 90% of startups fail within the first two years," must be "resilient, passionate, kind, and disciplined," ready to face uncertainty daily. Success requires waking up and working hard every day even when you do not know what the outcome will be.
Resilience, Passion, Discipline, Ambition, Industry Realities
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
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Simran Nath
Founder/President
Simran Nath LLC
California State University, Long Beach
Communications
Technology
Consulting
Immigrant
Video Highlights
1. Resilience is key to thriving as a founder.
2. Passion and kindness are important attributes for founders.
3. Discipline and the ability to work through uncertainty are essential for success in the startup industry, where over 90% of startups fail within the first two years.
Transcript
How would you describe people who typically thrive in this industry?
You have to be resilient. To be a founder, you have to be passionate and kind. You also need to be disciplined.
You have to be willing to wake up every day not knowing the outcome, but still be able to work through it. That's the life of a founder.
Sometimes it gets scary. I've worked with clients in the startup industry, and over 90% of startups fail within the first two years. There's a lot of ambition and passion involved.
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