“40% of the total number of products bought in fashion eCommerce are never used, what a total waste.”
— Federico Marchetti

The quote archive

Entrepreneurship

A growing archive of 3,000+ moments, drawn from every interview.

Today, entrepreneurship is fashionable, it's something you can develop in your character and strengthen. I'm not so sure… I believe that entrepreneurship is something you're born with, or not. I've met many highly intelligent, and incredibly bright people who have not been able to develop their ideas into sensible businesses. Entrepreneurship is not related to intelligence, it's something you have or don't have.

— Frederik Paulsen, Jr.

I scaled the business from just me, to 10,000 people some 20 years later. Scaling and keeping control of that business was practically impossible- I failed many times, but managed to succeed overall through sheer determination, hard-work and having very, very good people.

— John Caudwell

Billionaire British entrepreneur and founder of Phones 4u mobile retailer

In line with most highly-tuned talents, I absolutely believe that entrepreneurship is a genetic gift that you're born with. What you do with that gift depends on your upbringing, opportunities and inspirations; you either make them massively better or neglect them. That combination of genetics and sheer hard work is the 'secret' of getting to the top.

— John Caudwell

Billionaire British entrepreneur and founder of Phones 4u mobile retailer

I tend to go with scholarship that argues that there no people called entrepreneurs but people perform entrepreneurial functions at different times. Edison performed great entrepreneurial acts. But he was also fierce opponent of innovation when it threatened his business interests.

— Calestous Juma

Harvard Professor of International Development & Innovation Policy Expert

Here's the thing: if people really want to do something, all they need to do is meet someone who's built something from scratch to show them that it can be done by someone just like them.

— Dennis Crowley

Co-Founder of Foursquare, Location-Based Social Networking Pioneer

All the talks I give are about failure, how hard it is, how much this job kinda' sucks and genuinely how tough it is. People often go into this world thinking it's all roses, and it's not.

— Dennis Crowley

Co-Founder of Foursquare, Location-Based Social Networking Pioneer

I don't really like the term entrepreneur because I think to some it implies that you start businesses for the sake of starting businesses. My view is this. If there's something you want to see in the world that doesn't exist, go build that thing. If that means you have to build a company? so be it.

— Dennis Crowley

Co-Founder of Foursquare, Location-Based Social Networking Pioneer

In today's climate, and over the past 5-7 years, people have been building financial arbitrage machines not actual companies. Most people's behaviour is more predicated towards raising the next round of financing rather than building towards a profitable company. We're going to have a massive crash and 90% of the people will go back to working at Bank of America, Chase, GE and companies like that- and the people who are good enough will continue to build businesses.

— Gary Vaynerchuk

Serial Entrepreneur, Author & Digital Marketing Strategist

My mother's unbelievable parenting in deploying enormous self-esteem and confidence meant I believed in myself in a way that was blind. The best entrepreneurs are the most optimistic and completely out of tune with reality right? Why would you do it otherwise. My father made me a word-is-bond, word-is-everything, shake a hand and stick to it kinda' guy. That combined with blind faith and belief has become an amazing concoction and something I live-off even today.

— Gary Vaynerchuk

Serial Entrepreneur, Author & Digital Marketing Strategist

To be an entrepreneur, you need a love for process and to be comfortable with adversity. If you love process and you're comfortable with adversity, and if you love the journey over the fruits and riches of that journey- then you have what it takes to be a successful entrepreneur. Entrepreneurship is on a pedestal; everyone wants to be one. Here's the truth, it sucks. Entrepreneurship is hard and almost everyone loses.

— Gary Vaynerchuk

Serial Entrepreneur, Author & Digital Marketing Strategist

When I was a door to door salesman, I learned a very valuable lesson. 1 in 10 people would talk to you, 9 out of 10 would slam the door in your face. Sometimes you would get 30 doors in a row slammed in your face, but that means that there are 3 yes' coming your way.

— Thor Björgólfsson

Icelandic billionaire businessman and former chess player

You will never find opportunities in your comfort zone, you have to push yourself. The unknown is where you will always find opportunity. When you lose your own money, it hurts, it makes you careful, but you cannot let it take the mojo… the hunger out of you.

— Thor Björgólfsson

Icelandic billionaire businessman and former chess player

I would not have believed anyone if they had told me that within eighteen months I would have lost 99 per cent of my $4 billion fortune and would be pursued almost to the brink of bankruptcy by seven major banks… I would have found it impossible to contemplate that I would be treated like a pariah in my home country, saddled with $1 billion in debts and hated as a man who had supposedly almost single-handedly brought down an economy. But that is exactly what happened…

— Thor Björgólfsson

Icelandic billionaire businessman and former chess player

Are you the guy who wants to know what he gets at the end of the month? Or are you the guy who says I'll take my chances and will do very well or very badly. If you can make that distinction in your own mind, the rest is up to you. That's where entrepreneurship comes from; it means you can live with risk.

— Thor Björgólfsson

Icelandic billionaire businessman and former chess player

When you look at companies that survive growth, you are seeing the importance of people- not just ideas. One of the big surprises to young people when they show up in Silicon Valley... is that there are literally thousands of people just like that across Silicon Valley who were top of their class and have incredible ideas. Successful companies that scale stand out because of their people!

— John Sculley

CEO of Apple Computer Company during the 1980s and 1990s

I learned zooming from Steve Jobs, it was something he practices all the time. Steve zoomed out to look beyond how industries are defined presently to see what the possibilities might be... You need to go beyond the defined description of an industry today, and look at it from all angles, and all contexts. Don't forget... entrepreneurship is about finding a better way.

— John Sculley

CEO of Apple Computer Company during the 1980s and 1990s