Vijay Anand | The Startup Guy.

Parallel Entrepreneurship

Posted on: March 15, 2007

Do you know what really works against an entrepreneur? Working on too many things at the sametime.

There is  curse with an entrepreneur, and an innovator. Whenever they bump into a problem, to them, a solution has to be a product. The problem is that, it extends beyond that. To them, that solution is unique and in most cases, the best and also a marketable solution worth exploring for their next venture. The end result: Lack of Focus.

I have spoken about this before and have written about it, I am sure. But I think I finally have a name for it – Parallel Entrepreneurship.

The next time you get called one, You can rest assured that it is not a compliment. It just means, “Focus on what you are doing, finish it and then think about what you are thinking of right now”

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6 Responses to "Parallel Entrepreneurship"

Focus can be a good thing as well as a bad thing. Too many people just stick to their product even after the market has moved on. This is where the guidance of a good angel investor helps. They will give you pointers which will help you realise when you need to stop on the current product and go on to the next one.

On the other hand, I have been in the situation of a parallel entrepreneurship. Around 1.5 years ago, in a span of 4 months, tried to do a generic Data Mining tool, a visualization package for postgres and a web startup. At the end of it, didn’t do anything right, got frustrated and jumped back into the industry. 🙂

This is both a blessing as well as a curse to a budding entrepreneur. We have to make sure that we find a good angel investor/friend/partner who will help us in realising our mistakes.

Thanks for coining the word “Parallel Entre”- which most of the VCs or senior industry pioneer term as confused lot. As a First time entrepreneur
we are juggling with lot of things – “Software development, gaming, animation, GPS, video streaming,healthcare games etc.,” as a Start up because we are having varied interest group in the new company.
But each group has its focus clearly written all over the place. For an outsider, we are a company doing too many things. But for us, each group is company in itself and a close knit one.

As you said, we definitely come up with lot of ideas but we have a team discussion which critics on the negatives and positives of the idea. Then we know where we stand. As of now its working fine for us. Maybe each company has its own way to work around the thoughts

Srikanth:

Life is all about that fine line I suppose: Focus, and obcession, and we need to find the balance between them. It is onething to give-up before the effort gives fruit, and yet another to hang on to a dead-child and not bury them, and move on. That’s how it is.

“….make sure that we find a good angel investor/friend/partner who will help us in realising our mistakes.”

That my friend, hopefully will not happen. An investor is there to help you succeed, not in realizing mistakes… because usually that phrase means “I get to learn a lot by losing someone else’s money”

Moments of truth, I’d say that, if you can diversify, and even balance between servicing and building your product… in essence, do whatever you want to, and manage to survive on your own and not go to a VC for funding, then great. But if you want someone to figure out the head and tail of you, then you are going to need one head, and not heads on both sides…

A firm direction, and solid focus is absolutely essential, if you are even going to attempt to catch the attention of a VC, let alone get their funding.

“….make sure that we find a good angel investor/friend/partner who will help us in realising our mistakes.”

That my friend, hopefully will not happen. An investor is there to help you succeed, not in realizing mistakes… because usually that phrase means “I get to learn a lot by losing someone else’s money”

hey, I didn’t mean it in that way!! I meant it in the way that a good architect brings to good software not in the way of a normal developer making architectural mistakes and then learning from it.

I should not have used the word ‘realise’

I know. 🙂

It’s still interesting to see how people react 😉

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