AmiSight 7/21: An Entrepreneurial Riddle
Jack and Lucy consider themselves entrepreneurs but choose two different paths.
In Jack's mind, being an entrepreneur means you stay in control of your business. He has spent years bootstrapping and grinding his business, passing on equity investors. He wants to make decisions independently and not have to answer to other people. Over time he has built a stable, profitable business that he is proud to call his own.
Lucy wants to build a Unicorn. Before she opened her doors, she raised an angel round. Over the last three years, she has raised three rounds of capital. At this point, her business is substantially bigger and more valuable than Jack's, but she now only owns 15% of it.
So who do you think is the entrepreneur? Jack or Lucy or both.