Without passion, emotion and an unwavering belief in their ideas, the Airbnb founders would never have pioneered the sharing economy.
Recently, I had a wide-ranging conversation with Yahoo Mail creator and Y Combinator partner, Geoff Ralston. The prestigious Silicon Valley startup accelerator has provided seed funding and training for over 1,460 startups including Airbnb, Dropbox, Reddit, and Stripe.
In this video you’ll learn why Ralston says passion plays a major role in their investment decisions.
According to Ralston:
“The reason I talk about emotion, passion, and obsessions, the reason it matters in the startup world, is simple. Startups are really hard. You will get punched in the nose. You will have investors say no or tell you that your idea is bad. You will have key employees walk away. You will fail to get a deal. You will make mistakes. You will make the wrong product or feature. To sustain and continue through the inevitable roller-coaster that is the startup adventure, you need emotion and passion. It is a pre-requisite that you care enough to get back up, dust yourself off, and keep on going.”
Carmine Gallo is a keynote speaker and bestselling author of eight books including The Storyteller’s Secret: From TED Speakers To Business Legends, Why Some Ideas Catch On And Others Don’t.