Chris Sacca: If You’re 100 Percent Mentally Healthy, You Shouldn’t Be an Entrepreneur

Chris Sacca: If You’re 100 Percent Mentally Healthy, You Shouldn’t Be an Entrepreneur

The billionaire investor and ‘Shark Tank’ star reveals what goes into the personality of a great founder.


CREDIT: Getty Images


Uber, Twitter, Stripe, Instagram: Chris Sacca has made some pretty good bets on startups. And in the course of making those bets, the sometime Shark Tank star has developed some reliable rules of thumb for identifying the entrepreneurs worth getting behind.

“Having done this for a lot of years now and having a lot of data points, I can just tell,” he said in an on-stage interview at the Collision Conference in New Orleans Thursday. “I can smell it on them, whether they’re going to go the distance or not.”

Confidence, as you might expect, looms large, but it’s “a confidence without needing to sell,” Sacca told CNN’s Laurie Segall. “Our best founders, whether it’s Travis [Kalanick of Uber], Evan [Williams of Twitter and Medium], or Kevin Systrom [of Instagram], they just believe in the inevitability of their success.” When things don’t go as planned, he said, “they don’t wallow, they just know it’s going to work out.”

Kalanick’s vision for Uber was already unstoppably huge even when its “fleet” consisted of three cars in San Francisco, Sacca said. “In the earliest days, when he was pulling eight-hour days in our hot tub up in Truckee, we were talking about international expansion. We were talking about moving food and packages around.”

Likewise, Systrom was projecting 50 million users for Instagram before it had any at all. “He said it so calmly, it was magnetic. It was alluring,” Sacca said. “I said, ‘I can’t not be involved in this guy’s company.'”

But that’s not all Sacca looks for in a great founder. He also wants a degree of dysfunction. People who are completely normal may make wonderful employees but they shouldn’t be entrepreneurs, he said.

“This is a very special, different journey that’s not available to everybody,” he said. “You have to be a little obsessive. You probably have some personal issues that make you different. You may have trouble relating to other human beings. You don’t accept failure very well. Maybe you’re a little manic-depressive.

“If none of those things sound familiar, you should think about doing something else.”


Chris Sacca: The One Trait I Look for In Entrepreneurs

Chris Sacca, founder of Lowercase Capital, explains why he’s more willing to invest in a company if its founder has no room for failure.


June 21, 2016 / by / in , , , , , , , , , ,

Leave a Reply

Show Buttons
Hide Buttons

IMPORTANT MESSAGE: is a website owned and operated by Scooblr, Inc. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as amended from time to time. Scooblr, Inc. does not verify or assure that information provided by any company offering services is accurate or complete or that the valuation is appropriate. Neither Scooblr nor any of its directors, officers, employees, representatives, affiliates or agents shall have any liability whatsoever arising, for any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication, of the materials posted on this website. Scooblr does not give advice, provide analysis or recommendations regarding any offering, service posted on the website. The information on this website does not constitute an offer of, or the solicitation of an offer to buy or subscribe for, any services to any person in any jurisdiction to whom or in which such offer or solicitation is unlawful.