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Founder's Journal

Monthly AMA: Startups vs. Big Business, Staying Creative, and Opportunity Cost

Founder's Journal

Morning Brew

Entrepreneurship, Careers, Business

4.81.1K Ratings

🗓️ 11 December 2020

⏱️ 12 minutes

🧾️ Download transcript

Summary

Today I answer listener questions on the safety of startups, how to stay innovative, and a missed opportunity I'm grateful for. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What is up everyone? This is Alex Lieberman, co-founder and CEO of Morning Brew, and welcome back to Founders Journal,

0:07.8

My Daily Audio Diary made public for the world, where every day I will give you the listener a backstage pass into

0:15.1

building Morning Brew to help you think better in order to build better and today I'm

0:19.9

going to be taking questions from Founders Journal listeners, so let's hop into it.

0:25.0

So as I look back on the stats of Founders Journal over the last, you know, 100 or so episodes,

0:32.4

one of the most played episodes of the show was an

0:36.0

AMA where listeners ask their most pressing questions about entrepreneurship,

0:41.2

Morning Brew, other miscellaneous things like media, marketing, and it was a really high-performing

0:46.4

episode.

0:47.4

So what that told me is that clearly people like asking questions and having their questions

0:51.6

answered. And so I figured I would make this a monthly mainstay for the show.

0:56.0

And what I decided to do is rather than answer 15 listener questions with 30 second answers,

1:01.0

kind of like pardon the interruption for some ESPN fans out there.

1:05.6

I'm going to take three questions and spend a little bit more time on each of those questions.

1:11.2

And like I said, send me an email with any questions you have about Founders Journal,

1:17.0

Morning Brew, media, being a young entrepreneur.

1:20.6

And as I start to plan ahead with Founders Journal episodes, I will try to incorporate your questions and actually dedicate full episodes to those questions.

1:28.0

So here's the first question.

1:30.0

What should one focus on while chasing a professional dream at a time when so many small businesses are getting crushed by the pandemic and corporate powerhouses?

1:41.0

This was a question from Seth Birch on LinkedIn. So I think I've said this before, but I think there's a misconception of startups being riskier than large companies. Like I think most people say period end of story startups are

1:54.7

riskier than large companies and I would say directionally that's right startups

1:59.5

are riskier because oftentimes you have less experienced people and founders leading a business that's still looking for product market fit.

...

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