Harj Taggar’s startup was acquired for $5M in 2008.
He’s then gone on to advise multiple YC unicorns including Coinbase, Benchling, & Instacart.
And he delivered the lecture ‘Should You Start A Startup from Startup School by YC’.
Here are the three most important questions to ask yourself if you are ready to be startup founder:
- Are you resilient?
As a founder, you will encounter numerous challenges.
This means resilience isn’t just useful; it’s essential.
It is the most common trait found in all successful founders.
You need to be able to bounce back from setbacks without losing your drive.
- Can you endure motivation long term?
Initially a startup will be super high energy.
Everyone is motivated. Everyone is excited.
But when progress slows, and work piles up, motivation will wane.
It’s crucial that you can maintain your motivation for long periods, riding through the highs and enduring the lows.
- Can you handle the worst-case scenario?
Understand the full spectrum of risks—financial, personal, and professional on your plate.
Do you have any existing responsibilities that you won’t be able to handle if you start a company?
Being ready to deal with pressure is key if things don’t go as planned.
Be sure before you are all in.
And that’s it! How many of these questions do you feel you tick?
If you enjoyed these, jump back to the top and reshare them to help others assess if they are a right fit to become the next generation of startup co-founders!