I love young startup founders. I admire them for not skipping school to drive around town or smoke behind the gym with a bunch of teenage delinquents like I did. These kids are doing something important. But recently a few young founders have stumbled in ways that make me wonder if young founders have the maturity to run growing businesses. Take for example 19 year old Airy Labs founder Andrew Hsu who is described on his personal website as “a child prodigy, medical researcher and humanitarian”. He was also selected as a 2011 International Game Developers Association (IGDA) Scholar. But when his educational games company Airy Labs laid off most of its 20 person staff in early February, former employees came forward to Techcrunch to complain that his father and mother were really the ones running the show. I’ve seen the immaturity of young founders first hand. Often, young founders are too obsessed with being a founder and going to networking events than they are about doing what it takes to build a business. Last year I had an experience that made me realize that business etiquette is an important part of the education of new entrepreneurs. An emerging entrepreneur from out of town called me to meet up when he was visiting NYC. He thought it would be valuable for me to give him a tour of my offices and show him what it was like to work in a startup after it gets acquired. But then he canceled on me. It wasn’t a nice cancellation. I know how busy things can get when you are rushing from meeting to meeting in a city. Instead of calling me, he blew me off and texted me hours after our scheduled meeting. Clearing my calendar for an hour with someone is a big deal when I’m busy grinding it out. He’s not a bad person and he’s eager to learn from mentors, but he just doesn’t have personal skills that entrepreneurs require if they want to be real business players.
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