My insight is that entrepreneurs are 80 per cent trained and 20 per cent born with it. So not everybody can be a founder, especially in high-growth start-ups that are very stressful,” says the Singaporean co-founder of venture capital firm Golden Gate Ventures (GGV).
While it may go against the grain of those who claim entrepreneurship is a skill that can be taught, Paine argues that certain personality traits — agreeableness and fluid intelligence, for example — are innate.
“Fluid intelligence is how people process information and reach a conclusion. Founders have to make decisions with little to no data within a certain deadline, so they have to grab as much knowledge as they can and process it to figure out what decisions they need to make,” says Paine, who also helped launch pre-seed start-up accelerator The Founder Institute in Asia.
“If you are too agreeable, you cannot make decisions because you will listen to everyone. To be a good founder, you have to be disagreeable, but humility is also needed.”
Paine, a serial entrepreneur with Silicon Valley experience before he co-founded South-east Asia-focused GGV in 2011, has always been interested in working with and mentoring entrepreneurs in the region. In fact, GGV was born out of a need to solve a pain point he identified among start-ups in need of funding from Bay Area investors as SEA’s entrepreneurship scene was relatively unknown back then.
Denne historien er fra November 2022-utgaven av The PEAK Singapore.
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Denne historien er fra November 2022-utgaven av The PEAK Singapore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Feeling The Blues
Timeless And Versatile, The Colour Favoured By Watchmakers This Year Manifests In An Incredible Range Of Hues, Especially For Ladies-appropriate Models.
Her Royal Rebellion
Get ready to lose your head as SIX the Musical” brings Tudor queens turned pop icons to Singapore this November.
It Isn't That Complicated
Accurate until 3999, the WC Portugieser Eternal Calendar keeps ticking for posterity.
Plants and Patina
Monocot Studio transforms a nondescript walk-up apartment into a dwelling filled with light and life.
Welcome to the Auntieverse
Singaporean artist Niceaunties celebrates women, particularly aunties, who are pillars of their communities, using AI as a tool of pure automatic expression.
Beyond Skin Deep
It makes sense that the first Augustinus Bader spa in Southeast Asia is located at One&Only Desaru Coast. After all, both luxury brands are deeply committed to giving back to the community.
Bahru Beginnings
Two homegrown F&B businesses herald a new chapter with their stores at lifestyle enclave New Bahru in River Valley.
Solitude in the Sun
Get up close and personal with wildlife at Waldorf Astoria Platte Island in a far-flung part of Seychelles, where nesting spots of the endangered hawksbill and green turtles coexist with luxury villas.
Remixing Space and Time
Renowned Ethiopian-American artist Julie Mehretu flirts with the notion of the space-time continuum in creating the BMW 20th Art Car.
Tailored Perfection
Giorgio Armani's new Made To Order service offers customised garments from each season's collection to not just men, but women.