From Fortune Media Group:



Elon Musk recently warned would-be entrepreneurs that if they need encouragement to start a company, they shouldn’t do it. He emphasized that the probability of failure is very high, and anyone embarking on this journey should not need encouragement. Musk is known for his determination and resilience, as evident in his response to rocket failures at SpaceX. He advised aspiring entrepreneurs to create products and services that people want and make their lives better. Other high-profile founders have also issued warnings about the difficulty of launching a company, such as Nvidia CEO Jensen Huang, who mentioned that building Nvidia was a lot harder than expected and would deter anyone from starting a company if they knew the pain and suffering involved. Venture capitalist Marc Andreessen described Musk as an example of an entrepreneur who “can’t turn it off,” and emphasized that starting a company requires a significant amount of stress, pain, trauma, and risk of failure. Musk also owns various other ventures and companies, including Tesla, the Boring Company, X, Neuralink, and xAI. Despite the difficult journey and low probability of success, Musk admitted having a lot of respect for anyone who works hard and builds things.



Original: Elon Musk: ‘If you need encouragement to start a company, don’t do it’