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Steven Berglas Says Purpose is the Secret to Serial Entrepreneurship

I recently read the Forbes article “Why Serial Entrepreneurs Can’t Stop”, by Steven Berglas.  Berglas points out that many entrepreneurs become less likely to take risks once they move out of the startup years because of fear that they will lose what they built.  However, he points out that the “rare breed” of serial entrepreneurs seem to grow bolder with each venture (whether a success or failure).   The secret?  Purpose.

Berglas says that while money may be part of it, above all, the serial entrepreneur wants to change the world.   In good times and bad, they stay relatively calm.  Why? It’s not about a single victory. “Changing the world is a quest. And that work is never done.”

I found many of the founders interviewed to for How They Did It: Billion Dollar Insights from the Heart of America to be serial entrepreneurs.  Mahendra Vora, for example, has started 18 companies all around IT and IT services. Howard Tullman has started or co-founded at least a dozen. Scott Jones and David Becker are up there as well. All mission-driven people.

Who do you know who’s most prolific, most mission-driven?

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Congrats to Eric Lefkofsky for Groupon on the 8/30/10 Forbes Cover

Congratulations to Eric Lefkofsky: Groupon made the cover of Forbes with this headline: “Groupon is the Fastest-Growing Company…Ever: The Next Web Phenom”.

And check out this chart, copyright Forbes:

This speaks to the power of continued experimentation, trial and error. Founder Andrew Mason had an initial idea for a website that would unveil the hidden agenda behind popular stories. That morphed into a group-action site, which finally ended in the successful experiment for Groupon.

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