This week, Daniels welcomed Andre Durand, CEO of Ping Identity, to campus in hopes of gaining some insight and experience into the risky world of entrepreneurship-and boy did he deliver. Thanks to Daniels Entrepreneurship Society, we learned everything from what it took to start up a company to how to keep it running.
Unlike Thomas Edison’s quote stating “genius is 99% perspiration and 1% inspiration”, Andre Durand based his discussion of entrepreneurship on the idea that success stems from commitment and persistence. He should know since he’s been the founder and CEO of more than three successful start-up companies, including his current venture Ping Identity.
About Ping Identity:
- Ranked #56 of top 100 high-growth, privately held U.S. companies by Forbes Magazine
- Independent identity security company
- Solves identity security challenges for organizations including the health care and enterprise solutions, public sector, and financial services.
- Private, public, and hybrid cloud identity management
But it wasn’t always easy for this self-starter, take for example the 21 times he managed to raise enough money three days before payroll.
“I had asked my employees to compromise their future by sticking with me through tough times, an unhealthy and non-business pact,” said Durand.
Unlike other entrepreneurs and CEO’s who risk their employee’s lives, Durand proves to be a consciously aware and caring boss by actively considering every person with each business move. He learned and grew from these mistakes and made an effort to make fewer and fewer as time went on. This can be seen with Ping Identity in which he aligned resources ($500 million) and opportunity before starting the company in order to be free of the constant concern over money.
So what sets Durand a part from other successful entrepreneurs? His positive attitude and committed personality is the striving force behind his success. He refuses failure even in the wake of disaster and preservers through dark times. He believes that life has a way of filtering out the uncommitted and entrepreneurship is no different. The notion of persistence is the cornerstone to being successful.
“You discover what you’re truly capable of when failure is not an option, I never found a problem I couldn’t solve,” said Durand.
Thanks for coming Andre, you’re an inspiration to future entrepreneurs everywhere!
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