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Over Eager
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Venture Gambler
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Cautious Ignorant Venturer
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New Entrepreneur
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Under-equipped
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Intuitive Expert
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SB Expert
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Dreamer
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Resource Poor
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Classic Expert Entrepreneur
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Institutional Expert
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Inventor
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Apprentice
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In Over Their Head
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Cautious Backer(Angel)
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Armchair Quarterback
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Being Under-Equipped Entrepreneur does not mean that you are un-equipped. What it does mean, is that you have unique capabilities because of your specialized knowledge about venturing, but are strongly cautioned to not go it alone.
The Under-Equipped Entrepreneur has generally acquired this knowledge through work experience in a particular field or industry. An example of this might be a technical specialist or engineer in a large company who has observed corporate venturing first hand as an employee...rather than being the actual entrepreneur. As an Under-Equipped Entrepreneur type, you have this expertise and you have an eagerness or willingness to participate in new business ventures. This combination provides you with opportunities that are worthy of serious consideration.
However, the Under-Equipped Entrepreneur are lacking in resources such as cash, contacts, technology, etc.. They also might not be aware of the importance of their discernment expertise, which is where past entrepreneurial experience has given them the ability to tell whether a venture in their area of specialty is “on” or “off” course.
It is within this category of Under-Equipped Entrepreneur types where venture capitalists or early-stage investors will sometimes take talented specialists who are willing to venture, and help them get a new business off the ground.
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Lawrence “Larry” Page (born March 26, 1973) is an American entrepreneur and the co-founder of Google Inc., along with business partner, Sergey Brin. According to Forbes, Page is currently the 24th richest person in the world with a 2010 personal wealth of 17.5 billion US dollars. But not so long ago, he could have been considered an Under-Equipped Entrepreneur.
Page and Brin developed the Google search engine in 1996 while working on their Ph.D.s in Computer Science at Stanford University University, and changed the way most people use the Internet with what is now one of the most visited websites on the web. The pair started out with their own funds, and those of friends and family, but the site quickly outgrew the available resources. They eventually received private investments through Stanford to fund the rapid growth of up to 20% per month. "We had to use all of our credit cards and our friends’ credit cards and our parents’ credit cards” – Larry Page
