Founder CEO of 6 companies shared the hidden corner of startup life: ‘I cried a lot’
Over the past 20 years, Lamm, 40, has created and sold a series of startups, including AI product maker Hypergiant, e-learning software company Simply Interactive, and digital games company. Team Chaos and Conversable, a smart conversational application based on AI technology.
Last year, Lamm announced the creation of its sixth company, Colossal Biosciences, a biotech company that hopes to revive woolly mammoths with gene editing. The company raised $60 million in a Series A investment announced earlier this month, and Lamm serves as CEO.
Basically, building startups has been Lamm’s full-time job for many years now. And lately, he said, he’s found his “career” to be overly glorified in the media, with Silicon Valley success stories that are almost never acknowledged. the dark side of building a business from scratch.
That’s why Lamm doesn’t want people to misunderstand startups. He said:
“I don’t know if I should support someone’s startup. And I don’t know if it’s necessarily a compliment to call someone an entrepreneur,” Lamm said.
Often, Lamm says, building a startup means sacrificing a lot of time with your family, traveling “more than 200 days a year” for work, barely sleeping, and constantly stressed by meetings. boardroom battles and shareholder disputes. Starting a business, he says, means grappling with setbacks, bouts of crying and utter burnout.
“I probably cry more than the average person. I’m a very emotional person,” Lamm said.
To become a successful person as an entrepreneur, Lamm said, first you need to have faith and passion, your business idea must overcome all the challenges and difficulties. And you also need to be sensitive to “no”s coming from investors, business partners, and even family or friends.
“I always get ‘no’,” says Lamm. “And then the only thing you can do is look ahead.”
And after 6 times starting a business, Lamm said he has learned a few things:
He learned to build a routine that included taking time off, because Lamm used to find it very difficult to stop working. Since the outbreak of the Covid 19 pandemic, Lamm has limited her work hours to “minimum mandatory” and instead took personal vacations.
When traveling, Lamm limits herself to spending just two hours each morning looking at work emails and messages. The rest of the time he will not be interested in work.
He also gave up “mostly” alcohol and caffeine to help him sleep and stay productive. In fact, Lamm says, sleeping seven hours a night is an unimaginable life change. When he was young, he often sacrificed sleep for work.
(According to CNBC)
By Business and Marketing
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
