5 Founder Types

Ever wonder what drives people to start businesses? After observing hundreds of founders, I've noticed 5 distinct types...

1. Idealist: Visionary, compelled by a possible future. Driven by a mission to change the world.

2. Builder: Business builder and operator. Thrives on the challenge of turning ideas into successful enterprises, regardless of industry.

3. Firestarter: Unhireable, in a grudge match, seeking control. Has a chip on the shoulder, a chaos agent with a burning fire inside. May burn bright.. or burn it all down.

4. Trendsetter: Chasing what's next, wants to be part of the startup club. Seeking identity, connection and validation via entrepreneurship.

5. Stacker: Primarily motivated by financial gain. Wants to get rich, preferably quickly.

This model, while not exhaustive, serves as a useful prototype for understanding founder motivations. It's based on patterns me and two serial startup friends noticed. Let's dive deeper...

Most founders are either:

• Compelled or Repelled (types 1 & 3)
• Driven by Reward (types 4 & 5)
• Naturally skilled at building businesses (type 2)

What might they need?

• 1 (Idealist) needs a coach to ground their vision and turn ideas into actionable plans.
• 2 (Builder) needs a steady stream of complex challenges and opportunities for innovation.
• 3 (Firestarter) needs a therapist or mentor to channel their chaotic energy productively.
• 4 (Trendsetter) craves a supportive community and platforms for recognition.
• 5 (Stacker) requires solid financial mentoring and wealth-building frameworks.

Type 3 might be the most intriguing. It's potentially the most volatile, often driven by past experiences or relationships. But when channeled correctly, this type can be incredibly potent...

The five types are interconnected, and founders often embody multiple types or shift between them as they grow and their motivations evolve.

Gaps to ponder:

• How do these types influence business success rates?
• Are certain types more prevalent in specific industries?
• How do external factors (economy, technology trends) affect the distribution of these types?
• Can understanding one's type help in personal development as an entrepreneur?

What's your take? 

Do you see people you know in these types? 

More importantly, do you see yourself?

P.S. Reflecting on my own journey, I got caught in a type 4 trap. I didn't balance my type 3 tendencies with type 1 vision. And spending too much time as a type 3 led me to foolishly resent type 2 builders. All part of the learning process, I suppose...