Why form a startup? (Part 1)

Out of all the things that we can do (become a doctor, teacher, politician, plumber, soldier, or a watchmaker) why have we decided to pick the risky life of a startup? What are the rewards and do they outweigh the risks? Will we be able to be at the top of the top or will we stay as an average startup?

I think my main motivation for creating a startup is to find out the answer to those questions. For all those out there that don’t know what a startup is, it is basically a new company with high risk but also high reward. It is the type of company that nobody knows one day and literally overnight can be huge. Examples are Google, Youtube, Facebook, Ebay, etc. They raise funds from venture capital firms or angel investors until they can sustain themselves and grow.

But life in the startup world is indeed very risky. Statistics show that ‘90% of all business fail in the first 5 years’ so I say why not start now? I said my motivation comes from trying to answer those previous questions but it’s really about finding out my full potential. Am I able to risk a lot and come out with even more? And am I able to make it to the top or am I forever going to be stuck in the average? I just get so excited thinking about one day answering these questions that a startup can lead me to.

To create my own startup is to become my own boss. I had already decided at a young age that I do not want to work for someone else. I do not want to be some pawn working for and profiting a big honcho. I will become my own boss and decide what kind of company to run and how to do it. Isn’t that the real American Dream?

More importantly are web 2.0 startups. In today’s world a lot of young adults are going into the startup world mainly focused around Silicon Valley. Everyone is hoping to find their niche, create an awesome product/service, and grow huge. It’s all a part of this ‘dot com bubble’ that people are hoping to profit from and so do we. Our only current specialty right now is our young age and I’m not afraid to admit that. We don’t have anything else special about us that stands us out from the rest. But we hope to grow and gain experience quickly so that we can stand out of the crowd. We want to get to the point where the answers are obvious to the question “Can The World Hear Me?”

Stay tuned for Part 2- Why use Web 2.0?

~Kevin X