'To change the world' is a terrible reason to do a startup
[I originally wrote this as a response to a post on Hacker News, which was in response to the keynote given by Phil Libin of Evernote at TNW. It turned out pretty long and sort of looked like good blog material, so here it is on my blog.]
Doing a startup to change the world is the most terrible, most nebulous reason to give people as the only reason to do a startup. Ask anyone if they want to change the world and they'll say yes. But wanting to change the world is so disconnected from doing something that actually would change the world in any meaningful way that it's ludicrous advice. It can be dismissed through a very similar line of reasoning that he gives for doing a startup for money.
Libin says if you want to do it for money, go into banking or finance, you'll make more money and it's a more certain outcome. I say if you want to do it to change the world, go work for an international non-governmental organization or UNICEF. What you do will actually have a greater chance of changing the world through those organizations.
The probability tree looks the same. You only make a lot of money in a startup if you succeed. By the same token, you only change the world in a startup if you succeed. Only 10 percent of startups actually succeed. Ergo, you can, and should take the certain outcome of making a positive impact on the world through a meaningful cause, if your objective is to change the world, just as you would take the certain big paycheck by getting into finance. Trying to achieve either through doing a startup must be illogical, under his line of reasoning, because the probabilities are so low.
Notice his statement that people who get into startups for money are bad at math. Likewise, so are those who get into startups to change the world.
Furthermore, in order to change the world, you would actually have to be one of the rare startups that gets to the sort of scale that it actually has a shot at being world changing. As for the ones that have gotten to that sort of scale, it is open for debate whether they've changed the world at all, and, if they have, whether they've done so in a way that is meaningful or has improved the circumstances of mankind.
The fact is, if your goal is to change the world, it's not at all clear that entrepreneurship is the best vehicle by which to do it. In fact, I would argue that it simply isn't. Perhaps you should go into journalism and bring awareness to important issues affecting the poor. Maybe you should plant trees or study migratory patterns of marine life or dig wells in Africa.
If you want to do a startup, do it. You'll find out quite quickly whether it's for you. If you're the sort that quits when the going gets rough, well, you'll quit your startup because the going will get rough. It's really that simple. Just don't do a startup because you want to change the world. You almost certainly won't.
In fact, you shouldn't do a startup for any reason that is intrinsically tied to the success of the startup itself.
You should do a startup because it's what you're meant to do, because you can't think of anything else you'd rather do, because you are driven to solve tough problems, and/or you're passionate about the problem you're trying to solve. In my mind, any of these reasons are sufficient and, paradoxically, are better indicators of the likelihood of success of a startup than those reasons that only come to fruition if the startup is ultimately succesful (i.e. changing the world, money, etc).
Why? Because when the rubber meets the road, you'll realize there are better/easier ways to change the world or become rich than doing a startup, so, if you're a rational being, you'll quit the startup and go do those things. What drives you to stick it out when the going gets tough has to be an innate driving force that is intrinsically tied to doing the startup.
Join in the discussion over at Hacker News



