Can too much determination be fatal for an entrepreneur?

Personal sacrifice comes with the label entrepreneurship. As one, I tend to put many aspects of my life behind BeConnections. I call it determination, but could an overdose of this be cancerous?

I had a meeting on Sunday in Manhattan and decided to come into the city a day early to see my friends from college. We dined at a Mexican restaurant in the West Village and reminisced on our years at American University in Washington D.C. It had been 7 years since our graduation day and our first expression lines around the corners of our eyes revealed signs of hard work and luckily for all of us, of professional progress since then, too.

“It’s easy to forget how far we’ve come” — Beth Orten

Financial district, NYC

Financial district, NYC

My closest friend that evening is pursuing a Master’s Degree in Public Health at Colombia University. The next two years will tell a story of determination and sacrifice. Her sacrifice during this time is nearly mathematical.

After two years of hard work and perseverance, she will receive a Master’s degree from a leading University in the US. That diploma will lead to a wealth of opportunities, which in turn will be attached to a monetary compensation. And rightly so. She will have earned it, for that diploma represents an investment made into her education.

Education is a safe bet… but is entrepreneurship?

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As my friends and I were catching up, I was also receiving a thread of messages from a fellow entrepreneur in Boston who was going through a very difficult moment in his life.

This friend of mine is in his mid 50s and he had, also, made a bet.

He had bet his house. He had bet his family. He had bet his life… on an investment that, unlike education, is far from safe. This bet was on his startup and he was all in.

Which brings me to the point of this post. Can too much determination be fatal?

“Where the story ends depends on how far we go” — Beth Orten

Passion and determination are fundamental elements for every startup, and a founder without those two elements will, ultimately, fail. However, too much of anything is called an overdose and that can be fatal if not reversed.

“I wonder where these dreams go when the world gets in your way” — The Goo Goo Dalls

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Pitching BeConnections to a crowd of 200 people on Dat Venture’s Demo Day. Boston, 2015

For that reason, I’ve added an additional element to my equation, which is pragmatism. The ability to take a step back and make rational choices will mark the difference between a founder who runs her startup and a startup that runs a founder’s life.

Which scenario do you prefer?


BeConnections is a virtual networking bridge between companies in emerging and developed markets, which is currently being used by companies in 40 countries and 25 major industries to discover and connect to new leads and partnerships around the world.

Founder Carlota Pico is currently in Boston launching the network in the US via Massachusetts. She is working closely with private and public agencies to provide local companies with a hub online to meet and connect on in real-time. Her long term vision is for BeConnections to be a source of greater deal flow and partnership opportunities across borders and industries. To be part of this mission, join  www.beconnections.com — it’s free!

The overwhelming power of fear

I wish I could say that I’m never scared, but I’d be lying. I’m scared everyday for so many different reasons that a blog post couldn’t even begin to describe them:

The fear of the unknown

The fear of failure

The fear of loss

Would I consider this to be a weakness? Absolutely, not and let me tell you why.

Fear contributes to a startup’s success. If used wisely, it can help the entrepreneur to accept his/her limits and go beyond them.

“Start by doing what’s necessary; then do what’s possible; and suddenly you are doing the impossible.” ~Francis of Assisi

I had one of those impossibly amazing days recently. We received an email that BeConnections had been selected a pitch finalist at SXSW 2015. That alone is something to celebrate…

Surprised face

And then the amazing part happened.

Out of hundreds of startups from around the world that applied to compete in this competition, BeConnections is the only non-US startup invited to the pitch finale.

And it hit me.

At the end of last year and according to The Economist, the world boasted nearly 140,000 startups, of which more than half were based outside of America. BeConnections is just one number in that figure but yet, on March 16th, our team will represent all of them at once.

And that’s a lot of pressure.

So I’ve identified my fear. I’m scared to let anyone down and above all, to not meet my own expectations. What I have learned from it is that I have an amazing set of mentors and friends that are going out of their way to help BeConnections excel. As I move forward, I’m going to embrace their advice and attention, and proudly wear the international badge across my heart in representation of the majority of the world’s startups.

To those people that know who they are:

Thank you for making me feel confident

Thank you for making us feel blessed

And thank you for believing in BeConnections

And to my colleagues, the entrepreneurs:

Sometimes in our lives we all have pain

We all have sorrow

But if we are wise

We know that there’s always tomorrow

~Bill Withers

Carly with other Entrepreneurs