Show notes
FAILURE IS AN OPTION: Silicon Valley CEO Mike Grossman Reveals the Truth About SuccessWhat does entrepreneurship really look like when you remove the highlight reel?On this episode of Diversified Game, Kellen Coleman, M.A. sits down with Silicon Valley entrepreneur, six-time CEO, author, and former McKinsey consultant Mike Grossman, author of Failure Is an Option: Reflections of a Silicon Valley CEO.Mike breaks down the side of entrepreneurship people rarely post online: failure, bad timing, mental pressure, investor expectations, legal mistakes, family sacrifice, luck, and the difference between a good process and a good outcome.He shares how one company reached about a $30 million run rate before Congress changed the rules around its business model, while another company facing a disrupted IPO during COVID was unexpectedly acquired for roughly $400 million.The conversation also covers when entrepreneurs should quit or pivot, why โhope isnโt a strategy,โ how acting as his own lawyer nearly cost Mike millions, why ownership matters, how his wife helped make his entrepreneurial career possible, and why many CEOs struggle privately with mental health.โข Control effort and process, not outcomes.โข Failure does not automatically mean incompetence.โข Know when persistence becomes denial.โข Hire experts where your expertise ends.โข Ownership and long-term thinking matter.โข Entrepreneurship is emotional as well as financial.โข Never confuse the Silicon Valley highlight reel with reality.03:01 Mike introduces Failure Is an Option05:51 Outcomes vs. effort07:00 The $400M acquisition10:06 Hope isnโt a strategy15:20 Mikeโs four tests before starting a company27:34 His biggest business mistake34:59 Ownership, debt and long-term wealth38:19 Marriage and entrepreneurship45:59 CEOs and mental health52:50 Focus on what you can controlMike GrossmanBook: Failure Is an Option: Reflections of a Silicon Valley CEOWebsite: https://FailureIsAnOption.comLearn the mindset and moves that lead to real results. Please visit my website to get more information: http://diversifiedgame.com/๐๐๐จ๐ง'๐ญ ๐๐จ๐ซ๐ ๐๐ญ ๐ญ๐จ ๐ฌ๐ฎ๐๐ฌ๐๐ซ๐ข๐๐ ๐ญ๐จ ๐ฆ๐ฒ ๐๐ก๐๐ง๐ง๐๐ฅ ๐๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ฎ๐ฉ๐๐๐ญ๐๐ฌ.https://www.youtube.com/@DiversifiedGamePodcast/?sub_confirmation=1๐ Support Me Here!Patreon: https://www.patreon.com/profile?u=15553364๐ Stay Connected With Me.Facebook: https://web.facebook.com/GAMEDIVERSIFIED/Twitter (X): https://x.com/gamediversifiedLinkedIn: https://www.linkedin.com/company/gamediversifiedWebsite: http://diversifiedgame.com/๐ฉ For business inquiries: [email protected]=============================๐ฌSuggested videos for you:โถ๏ธ https://www.youtube.com/watch?v=rBJSpSxBBuAโถ๏ธ https://www.youtube.com/watch?v=cmxmzwnhZ3wโถ๏ธ https://www.youtube.com/watch?v=zQrzgwornbIโถ๏ธ https://www.youtube.com/watch?v=K3PsTkobKKEโถ๏ธ https://www.youtube.com/watch?v=PnqZniYw-0k=================================๐ Related Phrases:This Is Why Youโre Not A Millionaire Yet, Hard Truths You Need To Hear, Entrepreneurship Motivation, Success Habits Daily, Real Talk About Wealth, Best Side Hustles For 2025, Millionaire Success Lessons, How To Become Wealthy, Mindset Shift For Money, Daily Millionaire Routine, What Stops You From Success, Rich Vs Poor Habits, Millionaire Morning Routine, Business Growth TruthDGP&x%
