There are two types of startup minds: Wantrepreneurs and Entrepreneurs. And the only difference between the two is making a change and taking action to create your dream job or company.
Los Angeles is now the 3rd best city in the world to launch a business, said Ruthowski, with $847 million invested in LA companies last year alone. The city is home to 170 different Venture Capital firms and Angel Investors across many verticals, with a number of incubators, accelerators and ‘hackspaces,’ like Real Office Centers.
Some of the most successful of these Los Angeles entrepreneurs were at ROC to share their wisdom. Paula Abdul kicked off the night, talking about the importance of reinventing yourself – a process she has done four distinct times in her career. “It’s only difficult if you focus on the fact that you’re reinventing yourself,” the Lakers Girl-turned-entertainment queen explained. “I truly believe people are naturally multi-faceted.”
Steve Lehman, founder of Premiere Radio Networks, discussed strategies for tackling business obstacles. “When you hit a brick wall you don’t just bounce off and forget about it. You find a way to go over or around it,” Lehman said, as he explained how this mentality helped him turn $40,000 into $400 million in his career.
Next we heard from the man who created Atari, Chuck E. Cheese, and 25 other companies, Nolan Bushnell. Bushnell encouraged entrepreneurs to fail fast and “look for ideas with natural velocity.” The night also included talks from Nanxi Liu, a 22-year old with seven startups to her name, Marco Tempest an international techno-illusionist of TED fame, and many others.
What was the overall takeaway from Thursday’s Business Rockstars Academy? Be a change maker. While change may be “scary as hell,” being able to change – whether it’s to pivot your startup or quit your job to launch a company – is more important than being the biggest, the strongest, or the smartest.
Catch the next event at Real Office Centers by taking a look at our calendar.