Design of Business

Business, Culture & Entrepreneurship

Tag: mental health

4 Things That Families Can Do to Help Entrepreneurs

“Yellow car!” Usually, this declaration is accompanied by a playful swat from my daughter. Once we got playing this game, of who can spot a yellow car first, I began noticing a lot more yellow cars out there. I’m sure they were there all along but just that I never paid attention. Much like that – once I met Richa Singh – founder of yourdost.com, a company that helps young people such as students find the help they need, typically counseling or other support for their mental well-being, I’ve been more aware of issues surrounding mental health.

A little while ago, I’d written about Brad Feld, well-known venture capitalist, and blogger who’s brought the discussion around mental health and entrepreneurs center stage. As I continued to explore some of the resources Brad spoke about, I ran across this fascinating video by Dr. Lloyd Sederer, Medical Director of the New York State Office of Mental Health. What struck me about this particular video, was how the four things he recommends for a family on how to deal with mental health is directly applicable to entrepreneurship itself.  Here are the four key points that he makes.

  • Don’t go it alone “Why me or why us?” Is a question that both entrepreneurs and families raise. Worse yet if there’s fear, shame or stigma – we try to handle it alone. Don’t. Whether doctors or counselors for mental health or mentors and other entrepreneurs for startups – seek help, talk to them and don’t go it alone. It will make the journey a lot easier.
  • Don’t get into fights “Don’t be like your brother. Get a good job” – this is an actual quote an entrepreneur reported his family telling his sister. This is just as true within companies and partners as it with families. Little good is likely to come out of it. As Dr. Sederer puts it, listening and leverage are alternatives to fighting
  • Learn the rules & bend them While this is particularly relevant to dealing with the US medical – mental health – system, it’s true to any bureaucracy that you deal with – as people and as entrepreneurs. Getting frustrated or being ignorant is only likely cause further unhappiness & stress.
  • Prepare for a marathon, not a sprint While most entrepreneurs tend to be optimists, often youth or inexperience leaves them unprepared for the length of the journey. Not only do most firms struggle or outright fail, even success takes time. The average software product company takes 7-8 years to get to $50M in revenue – so prepare psychologically and emotionally for the long haul.

Check out the video and share. I’d love to hear your thoughts.

Entrepreneurs & Mental Health

This last week, Brad Feld, a managing director at Foundry Group in Boulder, Colorado – shared a video (below) he’s made for an upcoming event about Entrepreneurship & Mental Health. Brad as an entrepreneur who went on to become a VC belongs to the small group of VCs (including Fred Wilson, Mark Suster) who are both prolific and compelling writers – demystifying the venture world, entrepreneurship and often taking a very pro-entrepreneur stand. I’d thought of Brad alway as different given his location in the Rockies (Colorado) rather than either of the coasts (Silicon Valley, Boston or New York) where most of the well-known VCs are based.

Brad’s open discussion of mental health issues, including his own depression, that he’s written about (here) and spoken about (here) makes him a very special person. In India, we’ve seen folks such as Indian actress Deepika Padukone recently talk about her battle with depression (video) and young entrepreneurs such as Richa Singh, who founded YourDost, and Shipra Dawar who started ePsyClinic try to help young people address mental health issues. Last October at the demo day of the Brandery, I saw Jordan Axani present his startup Bounde, which is “Tackling mental health through technology.”

In India, as many folks have commented two big challenges lie in the way of people getting the mental health support they need

  • Social stigma – both ignorance and the stigma (or fear of being branded) mentally unstable
  • Access to good counselors/psychologists and psychiatrists

In the US while neither of these issues is fortunately as big a hurdle, as Brad points out in his video – entrepreneurs in the US (and in India) suffer from the social pressure (real or perceived) of having to be strong leaders, without too much any self-doubt or exhibiting weakness. Also in both countries, certainly in the entrepreneurial ecosystem, there is little or no talk of mental health issues – which is a big shame. With folks such as Brad talking about it openly and with young entrepreneurs who’ve faced mental health issues themselves or seen in around them, we’ve taken the first step.

Entrepreneurship is hard enough without physical, emotional or mental health issues. But addressing these is critical for both individual entrepreneurs and the ecosystem. And talking about it is the first step. So break the silence and talk about it. Doing so gives others both permission and encouragement to do so. What are you waiting for?

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