South American Adventures

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Thoughts on “Startups Are NOT Glamorous – They Run on Fear”

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Its a good article and it reads well but I believe somewhat narrow in telling the story that is “never told” about entrepreneurs… Indeed there is fear driving us but I think it is window framing to state fear is the single fuel behind what truly drives startups.

Fear, I agree is an important aspect but fear is an emotion that plays a role in many things humans do in life. Fear of a consequence in any situation does motivate. The 9-5 guy fears many things as well and perhaps he/she is even more afraid. Fear keeps him/her going in and doing their job everyday whether or not they like it because otherwise they would be fired and face the many consequences of that.

In my opinion, there are far more factors motivating an entrepreneur to get up and hussle.  For instance: Intrigue for learning, fear of failing, excitement regarding achievements, passion for innovating in an industry I enjoy and hope that maybe I can create something new that people love to use …….are some of the things that motivate me most. and of course caffeine 😀

via Startups Are NOT Glamorous – They Run on Fear | LinkedIn.

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Author: Miklos Grof

Miklos is the CEO and co-founder of Fundacity. Fundacity is making startups investing easier. Fundacity already supports all the notable accelerators in LatAm in their startup selection and management and they are expanding rapidly across Asia-Pacific and Europe. With the recently launched Fundacity Investments Clubs it seeks to simplify the startup investing process in emerging markets and make it accessible to more people. Miklos has unique and extensive experience in start-up formation, business development and venture financing. He has raised and evaluated investment offers in venture capital from angels and VCs from three continents for a variety of deals. He thrives at launching businesses and making sales in new geographies. Miklos currently serves as a financial advisor and mentor for various start-ups including Taggify (an online contextual advertising company based in New York and Buenos Aires). At Taggify, Miklos advises on fundraising, financial reporting to the board of investors, tax filling and cash flow management. Miklos completed his MsC in Finance at the London School of Economics and previously worked in corporate finance at PricewaterhouseCoopers in London, fund sales at UniCredit Vienna and economic research at Erste Bank Budapest. He is a Chartered Accountant with the ICAEW, Institute of Chartered Accountant England and Whales and is quinti-lingual. He is passionate about startups and entrepreneurship and spends his free time engaging with the startup community.

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