Masters in Business · Friday, July 31, 2026
After selling Claymore to BlackRock, Som Seif took time to reflect before founding Purpose. He emphasizes that his motivation for entrepreneurship stems from a genuine passion for building enduring businesses that offer significant customer value and aim to transform industries, rather than a desire to be a 'serial entrepreneur'.
“I had a chip on my shoulder. We closed the transaction and I said, I need to take the time. I actually ended up building the business plan for what I was going to do next, which ultimately is purpose and while simple, within thirty days.”
“But I said to myself, if I start today, I'm going to fail because I'm not doing it for the right motivation. I'm doing it for the wrong reasons.”
“I want to do it because I'm in pursuit of getting back in the business.”