{"id":39660,"date":"2019-09-27T04:57:16","date_gmt":"2019-09-27T04:57:16","guid":{"rendered":"http:\/\/localhost:8888\/cregital\/disha\/2019\/09\/27\/implications-of-being-a-technology-entrepreneur\/"},"modified":"2019-09-27T04:57:16","modified_gmt":"2019-09-27T04:57:16","slug":"implications-of-being-a-technology-entrepreneur","status":"publish","type":"post","link":"https:\/\/msmehub.org\/staging\/6671\/implications-of-being-a-technology-entrepreneur\/","title":{"rendered":"Implications of being a Technology Entrepreneur"},"content":{"rendered":"<p><strong>Uber. Facebook. WhatsApp. Instagram.&nbsp;<\/strong>\n<\/p>\n<p>Tales of billion-dollar acquisitions, and life-changing business deals on a world scale have succeeded in drawing the young and the young-at-heart to what is arguably the world&#8217;s most attractive business profession -Technology Entrepreneurship. Similar to the hordes of people who swarmed across 20<sup>th&nbsp;<\/sup>century California in search of gold during the gold rush era, a new movement has begun in 21<sup>st<\/sup>&nbsp;century Silicon Valley, and has spread across most of the developed and developing world.\n<\/p>\n<p>Once one gets the entrepreneurial itch, one has to scratch it. Many young people get bitten by the entrepreneurial bug while studying for bachelor&#8217;s, masters or even doctoral degrees and leave the prospects of a juicy corporate career to join the ranks of optimistic <strong>techpreneurs.&nbsp;<\/strong>\n<\/p>\n<p>At its core, a &#8220;venture-backed&#8221; technology startup is a high-growth enterprise that is invested with large resources and which, in turn, is expected to deliver large returns to founders and investors. More than 70% of them fail to achieve these lofty goals, but the few unicorns that exceed the venture capitalist&#8217;s expectations, manage to compensate for the rest of the losses.\n<\/p>\n<p><strong>The business implications of this type of venture are as follows:<\/strong>\n<\/p>\n<ul>\n<li>They start out little but are expected to grow quickly\n<\/li>\n<li>They are financed by several rounds of angel and\/or venture capital investment\n<\/li>\n<li>If successful, investors usually exit the company through an initial public offering on a notable Stock Exchange or through an acquisition by a larger behemoth. If unsuccessful, the company is subjected to a sad, melancholy shutdown.\n<\/li>\n<\/ul>\n<p><strong>The lifestyle implications of this type of venture are as follows:<\/strong>\n<\/p>\n<ul>\n<li>The entrepreneur should expect to put his personal life on hold for the period of time it takes for the company to scale. As Paul Graham mentioned during one of Y-Combinator&#8217;s Startup School classes, the experience of managing a scalable startup can be likened to &#8220;catching a dragon by its tail.&#8221;<\/li>\n<li>The immense investment by the venture capitalist subjects the entrepreneur to immense pressure to grow. One needs to be ready to &#8220;give one&#8217;s all&#8221; for business growth.\n<\/li>\n<\/ul>\n<p>Most founders of technology based businesses have a background in computer science and\/or engineering &#8211; they are the stereotypical geeks. However, they often lack the managerial skills to take the company to the next stage and so they are usually replaced by a more experienced CEO, further down the road. However, they agree to this loss of control as &#8220;Owning 17% of Facebook is better than owning 100% of nothing.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Implications of being a Techno&#8230;<\/p>\n","protected":false},"author":1216,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[351,366,303],"tags":[1079,603,1081,1080],"class_list":["post-39660","post","type-post","status-publish","format-standard","hentry","category-digital-marketing","category-for-startups","category-start-up-basics","tag-digital-technology","tag-technology","tag-technology-entrepreneur","tag-techpreneur"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Implications of being a Technology Entrepreneur - msmehub2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.msmehub.org\/implications-of-being-a-technology-entrepreneur\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Implications of being a Technology Entrepreneur - msmehub2\" \/>\n<meta property=\"og:description\" content=\"Implications of being a Techno...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.msmehub.org\/implications-of-being-a-technology-entrepreneur\/\" \/>\n<meta property=\"og:site_name\" content=\"msmehub2\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/glory.a.enyinnaya\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-27T04:57:16+00:00\" \/>\n<meta name=\"author\" content=\"Glory Enyinnaya\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/www.twitter.com\/gloraenyinnaya\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Glory Enyinnaya\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/implications-of-being-a-technology-entrepreneur\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/implications-of-being-a-technology-entrepreneur\\\/\"},\"author\":{\"name\":\"Glory Enyinnaya\",\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/#\\\/schema\\\/person\\\/aac34cb1db6903cf6182baef9fbc2665\"},\"headline\":\"Implications of being a Technology Entrepreneur\",\"datePublished\":\"2019-09-27T04:57:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/implications-of-being-a-technology-entrepreneur\\\/\"},\"wordCount\":427,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/#organization\"},\"keywords\":[\"Digital technology\",\"Technology\",\"Technology Entrepreneur\",\"Techpreneur\"],\"articleSection\":[\"Digital Marketing\",\"For Startups\",\"Start-up Basics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.msmehub.org\\\/implications-of-being-a-technology-entrepreneur\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/implications-of-being-a-technology-entrepreneur\\\/\",\"url\":\"https:\\\/\\\/www.msmehub.org\\\/implications-of-being-a-technology-entrepreneur\\\/\",\"name\":\"Implications of being a Technology Entrepreneur - msmehub2\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/#website\"},\"datePublished\":\"2019-09-27T04:57:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/implications-of-being-a-technology-entrepreneur\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.msmehub.org\\\/implications-of-being-a-technology-entrepreneur\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/implications-of-being-a-technology-entrepreneur\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/msmehub.org\\\/staging\\\/6671\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Implications of being a Technology Entrepreneur\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/#website\",\"url\":\"https:\\\/\\\/www.msmehub.org\\\/\",\"name\":\"msmehub2\",\"description\":\"Enabling Nigerian Businesses\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.msmehub.org\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/#organization\",\"name\":\"msmehub2\",\"url\":\"https:\\\/\\\/www.msmehub.org\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/msmehub.org\\\/staging\\\/6671\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/cropped-msme_logo-1.png\",\"contentUrl\":\"https:\\\/\\\/msmehub.org\\\/staging\\\/6671\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/cropped-msme_logo-1.png\",\"width\":885,\"height\":249,\"caption\":\"msmehub2\"},\"image\":{\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.msmehub.org\\\/#\\\/schema\\\/person\\\/aac34cb1db6903cf6182baef9fbc2665\",\"name\":\"Glory Enyinnaya\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05f5c3c574f58d6ab4f8438d79a6bc45742f1c62dd2e29c1c9885adfd54f7f92?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05f5c3c574f58d6ab4f8438d79a6bc45742f1c62dd2e29c1c9885adfd54f7f92?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05f5c3c574f58d6ab4f8438d79a6bc45742f1c62dd2e29c1c9885adfd54f7f92?s=96&d=mm&r=g\",\"caption\":\"Glory Enyinnaya\"},\"description\":\"Visit www.kleosadvisory.com to download the ''Idea-to-Impact'' checklist for running an innovative business.\",\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/glory.a.enyinnaya\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/glory-enyinnaya-mba\\\/\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/www.twitter.com\\\/gloraenyinnaya\"],\"url\":\"https:\\\/\\\/msmehub.org\\\/staging\\\/6671\\\/author\\\/glory-enyinnaya\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Implications of being a Technology Entrepreneur - msmehub2","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.msmehub.org\/implications-of-being-a-technology-entrepreneur\/","og_locale":"en_US","og_type":"article","og_title":"Implications of being a Technology Entrepreneur - msmehub2","og_description":"Implications of being a Techno...","og_url":"https:\/\/www.msmehub.org\/implications-of-being-a-technology-entrepreneur\/","og_site_name":"msmehub2","article_author":"https:\/\/www.facebook.com\/glory.a.enyinnaya","article_published_time":"2019-09-27T04:57:16+00:00","author":"Glory Enyinnaya","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/www.twitter.com\/gloraenyinnaya","twitter_misc":{"Written by":"Glory Enyinnaya","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.msmehub.org\/implications-of-being-a-technology-entrepreneur\/#article","isPartOf":{"@id":"https:\/\/www.msmehub.org\/implications-of-being-a-technology-entrepreneur\/"},"author":{"name":"Glory Enyinnaya","@id":"https:\/\/www.msmehub.org\/#\/schema\/person\/aac34cb1db6903cf6182baef9fbc2665"},"headline":"Implications of being a Technology Entrepreneur","datePublished":"2019-09-27T04:57:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.msmehub.org\/implications-of-being-a-technology-entrepreneur\/"},"wordCount":427,"commentCount":0,"publisher":{"@id":"https:\/\/www.msmehub.org\/#organization"},"keywords":["Digital technology","Technology","Technology Entrepreneur","Techpreneur"],"articleSection":["Digital Marketing","For Startups","Start-up Basics"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.msmehub.org\/implications-of-being-a-technology-entrepreneur\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.msmehub.org\/implications-of-being-a-technology-entrepreneur\/","url":"https:\/\/www.msmehub.org\/implications-of-being-a-technology-entrepreneur\/","name":"Implications of being a Technology Entrepreneur - msmehub2","isPartOf":{"@id":"https:\/\/www.msmehub.org\/#website"},"datePublished":"2019-09-27T04:57:16+00:00","breadcrumb":{"@id":"https:\/\/www.msmehub.org\/implications-of-being-a-technology-entrepreneur\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.msmehub.org\/implications-of-being-a-technology-entrepreneur\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.msmehub.org\/implications-of-being-a-technology-entrepreneur\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/msmehub.org\/staging\/6671\/"},{"@type":"ListItem","position":2,"name":"Implications of being a Technology Entrepreneur"}]},{"@type":"WebSite","@id":"https:\/\/www.msmehub.org\/#website","url":"https:\/\/www.msmehub.org\/","name":"msmehub2","description":"Enabling Nigerian Businesses","publisher":{"@id":"https:\/\/www.msmehub.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.msmehub.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.msmehub.org\/#organization","name":"msmehub2","url":"https:\/\/www.msmehub.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.msmehub.org\/#\/schema\/logo\/image\/","url":"https:\/\/msmehub.org\/staging\/6671\/wp-content\/uploads\/2025\/06\/cropped-msme_logo-1.png","contentUrl":"https:\/\/msmehub.org\/staging\/6671\/wp-content\/uploads\/2025\/06\/cropped-msme_logo-1.png","width":885,"height":249,"caption":"msmehub2"},"image":{"@id":"https:\/\/www.msmehub.org\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.msmehub.org\/#\/schema\/person\/aac34cb1db6903cf6182baef9fbc2665","name":"Glory Enyinnaya","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/05f5c3c574f58d6ab4f8438d79a6bc45742f1c62dd2e29c1c9885adfd54f7f92?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/05f5c3c574f58d6ab4f8438d79a6bc45742f1c62dd2e29c1c9885adfd54f7f92?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/05f5c3c574f58d6ab4f8438d79a6bc45742f1c62dd2e29c1c9885adfd54f7f92?s=96&d=mm&r=g","caption":"Glory Enyinnaya"},"description":"Visit www.kleosadvisory.com to download the ''Idea-to-Impact'' checklist for running an innovative business.","sameAs":["https:\/\/www.facebook.com\/glory.a.enyinnaya","https:\/\/www.linkedin.com\/in\/glory-enyinnaya-mba\/","https:\/\/x.com\/https:\/\/www.twitter.com\/gloraenyinnaya"],"url":"https:\/\/msmehub.org\/staging\/6671\/author\/glory-enyinnaya\/"}]}},"_links":{"self":[{"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/posts\/39660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/users\/1216"}],"replies":[{"embeddable":true,"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/comments?post=39660"}],"version-history":[{"count":0,"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/posts\/39660\/revisions"}],"wp:attachment":[{"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/media?parent=39660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/categories?post=39660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/tags?post=39660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}