Every year, hundreds of thousands of people in the United States bravely venture into the world of entrepreneurship. They take significant risks, even though the chances of success are quite low. Most new businesses don't survive past the first decade, but this doesn't deter these courageous individuals. They dream of being their own boss, creating employment opportunities, and amassing wealth.

These risk-takers are driven by a unique blend of qualities. They possess grit, self-discipline, and an almost delusional level of optimism. Many of them come from humble beginnings or have faced significant challenges that have fueled their ambition. They may not all be academically inclined, but they often exhibit emotional intelligence and an insatiable curiosity that sets them apart.

One such entrepreneur embarked on his first business venture at the age of 24, transforming an old warehouse into a bustling office space. Despite the odds stacked against him, he achieved remarkable success. However, his journey was not without its share of failures. The most valuable lessons he learned were not from formal education, but from mentors like his early business partner. Their wisdom, born out of experience, guided him through various risks and crises.

After selling his second company, this entrepreneur sought advice from his peers and established Tiger 21. This is a network for high-net-worth entrepreneurs, providing them with honest advice on wealth preservation, philanthropy, family matters, and finding purpose after a significant liquidity event.

Entrepreneurs are the backbone of the economy, creating most new jobs. Therefore, it's crucial to support them. By sharing the wisdom gleaned from Tiger 21, it's hoped that policymakers and budding entrepreneurs can benefit. The key takeaway is the importance of learning from the experiences of others. As one member aptly stated, "The smart money is just as stupid as everyone else." True success lies in humility, seeking guidance from mentors, and acknowledging one's own limitations.