Our guest in this episode shows a persistent attitude when it comes to technology and business.
Orion Parrott innovated the mortgage industry by providing a digital solution to the arduous financial documentation process, then he went on to co-found a luxury real estate firm. Orion touches on the lessons he learned as a serial entrepreneur and EMBA 2014 alum at Haas School of Business.
In this episode, Orion reveals how he dealt with challenges in his startup ventures. Leveraging technology, he does everything in his power to make acquiring real estate possible for more people.
With a successful career as an engineer, what motivated you to start your own business?
“I feel like it was something that was always a part of me in a way. The reason changed throughout the years. Originally, probably because I saw my father starting businesses. And later, as an engineer, I noticed I wanted to have more influence and control over the way things get directed and decided. And I could see that things were happening at the business level and not at the engineering level in some cases.”
Why is passion essential to entrepreneurship?
“I started this business called Lendsnap, looking for something that I could grow as a scalable startup. In the end, it was not a great fit. I had a hard time keeping my passion for that. As a startup, it’s really important to find something that you’re very passionate about. And I think I was probably a little challenged in that area at the time because it really comes down to mindset. And I think you need to believe that you can have it all, including being passionate about what you’re working on.
I wanted to start a very practical business because I thought that I had more chance of success. But the chances of success were farmed somewhat because it wasn’t something that I could stay as passionate about.”