In an interview with Allan Gray Orbis Foundation, an organization that educates, supports, and champions entrepreneurship on the African continent, Farzam discussed why he left his lucrative job at Rand Merchant Bank to start his business:
“I left because there was work to be done in improving our financial system and sometimes its very difficult to do that in a corporate that, like a human being, it gets older and more inflexible. So it was time to leave to start something myself and attack a problem with the freedom that I wanted.”
Farzam lists 4 tips for budding entrepreneurs that helped him build and grow VALR:
Have an idea
Have a solid team behind
You need some funding
You need courage to just do it
Farzam admitted that having the courage to quit his corporate job to start the VALR cryptocurrency exchange was the biggest challenge for him.
With so many startups and entrepreneurs looking to get into the blockchain and crypto space, Farzam’s experience and insights in starting and running a business in the industry will prove invaluable to many.
When asked what is his top tip for budding entrepreneurs with respect to having courage, Farzam said:
“Don’t take yourself too seriously. I needed to become comfortable with the fact that I might fail before I can ever think of possibly succeeding. Be comfortable with the fact that you may fail, and only once you’re comfortable with failure will you be able to succeed.”