Entrepreneurs and Co : Internet, European and International Business Development Consultant for Entrepreneurs and Small Businesses - http://www.entrepreneurs-and-co.com
Serial Entrepreneurs and Today's Silicon Valley
http://www.entrepreneurs-and-co.com/articles/95/1/Serial-Entrepreneurs-and-Todays-Silicon-Valley/Page1.html
Didier Delmer

"Who are we ?"

Company Profile :


Entrepreneurs and CO Ltd

145-157 St John Street - London EC1V 4PY

Chartered Accountants & Business Advisers, at Entrepreneurs & Co (ENC), we appreciate the value of working together as a team.

Because the flow of ideas is encouraged at ENC and everyone feels free to express their opinion with regard to work related matters it has by the very nature of being, created a dynamic work environment. As a team we all recognise our responsibility in making Entrepreneurs and Co what it is.

The reputation of the whole firm is in the hands of each individual and we are proud of being part of such a strong team. Together we encourage and motivate each other in a dynamic environment so that as a team we can provide innovative and profitable solutions for individuals and businesses.


Services

Every client is unique and deserves a unique service. Our philosophy is to put our clients first - to understand their situation and provide a first class service tailored to their specific needs.

Because we establish a one-to-one relationship with each client we are able to offer timely, individual advice on how to improve your business or personal finances.

As leading edge accountants we have developed the traditional bookkeeping, auditing, and accounting services into innovative client-focused services that provide not only all the reliable background support you would expect from a professional firm but also forward-thinking advice on how to improve your situation.

We have also developed a new range of accounting services to meet the needs of modern businesses, including a comprehensive business advisory service. Whether you need help with growing your business or advice on optimising your personal or family finances, we are here to help you get the best results.

 
By Didier Delmer
Published on 30/10/2007
 
We found a very interesting article about Serial Entrepreneurs and Silicon Valley on Marc Andreessen's Blog. In a nutshell, the question asked was : what makes serial entrepreneurs tick ? Why do people like Max keep going and start new companies when they could just park it on a beach and suck down mai tais ?

Live from Marc Andreessen's Blog

First, in my experience, Silicon Valley entrepreneurs are all over the map when it comes to personality and motivation. Some are purely mercenary -- one hit and they're out. Others just love the technology, and the business is a side effect. Still others are like Chauncey Gardiner in Being There. And some just love starting and building companies.

Second, there were serial entrepreneurs in the past, but there are certainly more now than ever before. There are many factors that lead to this -- here are the big ones:

* There are simply more entrepreneurs now -- due to the amazing surge in venture capital and the culture of startups over the last 10-15 years -- so you'd expect more serial entrepreneurs just based on that.

* A lot of new companies simply develop faster these days than they did in the past. Microsoft and Oracle, for example, both needed 10 years of incredibly work to get to their IPOs (both founded in '76, IPO in '86), and they only had a few hundred employees each when they went public -- and those were the two biggest software successes of their era.

Versus these days, when many companies are founded, built, scaled up, and sold (or, yes, taken public!) in a few years.

The process can happen so fast that people are freed up much faster; therefore, upon being freed up they are younger and tend to have more raw energy than people who in the past would have spent 10 or 20 or 30 years building a single company -- and by the time they freed up, they maybe didn't want to put that level of effort into something again.

* Also because of the faster cycle time, when you start company #2 you can assume that it won't necessarily consume the next 10-20-30 years of your life -- you can probably build something successful over say 5 years, maybe 8 years max, and so you're not committing the rest of your life.

 This makes it easier for people to say, OK, hey, it worked once, I'll try it again.

 * The culture of startups in the Valley is clicking on all cylinders -- everything from fundraising to hiring to building out a management team to signing up lawyers and accountants and bankers is simply easier than ever before. I'm talking in a macro sense -- over the last 10 years, versus prior decades, even considering the early 2000's bust.

 So it's just easier to start the next company that it was the past -- the "pain in the ass" factor is lower.

* In terms of exit, there are some IPO's, but the big thing is that M&A is a widely accepted and viable exit. Big companies in and related to the Valley have actually become quite good, in general, at acquiring small companies -- not perfect, but quite good. They do it frequently, in order to build out their product families or grow market share. This of course inspires more companies to be started and tends to compress the time cycles further.