As part of the Yale Entrepreneurial Institute I gave a lecture 6/11/12 to budding entrepreneurs on the experience of being a founder and remembering to put a price on yourself. Below the abstract can be found:
PUTTING A PRICE ON YOURSELF
By: Ellie Cachette
Today I want to talk you about putting a price on yourself.
A few years ago a european friend told me, “Put a price on yourself” and at the time I thought it was an error of translation. It wasn’t until years later I would understand what that means exactly to put a price on yourself.
The thing is as entrepreneurs we often “go on sale” with that I mean, while we know our time is the most valuable thing we have (and we optimize for efficiency ad nauseam) we often forget to assign value to this time. By this I mean to put a price on ourselves.
As entrepreneurs we are the first to sacrifice our personal lives, our health, our credit scores and even, our ability to understand what is normal all for the sake of our dream or the goal to which we are pursuing, and somehow in the world of entrepreneurship this is somehow glamorized; the stories of starving, sleeping on friends couches, medical emergencies and hacking all night. Put a price on yourself my friends and never go on sale.
My name is Ellie Cachette and I am the Founder of ConsumerBell and for now the CEO as well, though like many founders you will soon learn that being the CEO is often not a promotion but a distraction to the larger path we are motivated to build. If I were to be more clear in identifying myself I would say I am an entrepreneur hell bent on changing the way you interact with products. A product recall evangelist, manufacturer supporter and walking factbook about all the things to which you eat and drink and everything that can go wrong with it. I’m protecting your life every day against allergies, toxic ingredients you cross paths with on a daily basis and even products you may some day use, in the future. I’m partnering with your credit card company, rewards card programs and even the cookies on your computer. For more of the real story click here --->>