On the Lighter Side

 

What Entrepreneurs Say What Investors Think FACTORS
"I have lots of great ideas, but I have trouble figuring out
which one to try. Let me tell you about a couple."
Organized processes and systems
"I've always wanted to be an entrepreneur." Complete mid and senior level management
“You say: "I'm a blue sky thinker." Formal and well defined roles and responsibilities
“You say: "I love to think of new ways to solve problems." Flexible and dynamic IT system development
“You say: "My goal is to build a world-class company." Well defined customer segments

By infamous American businessman, Guy Kawasaki

‘Advice For Entrepreneurs’ by Dennis Crowley, Founder, Foursquare

  • Stop sketching, start doing
  • Don't let people tell you your ideas won't work
  • Build early and often
  • Don't let a lack of technology get in the way
  • Hire the best people you can find
  • Don’t get distracted

Candid Confessions of an Entrepreneur By VC Mark Suster

  • "The best business training I ever got was as the president of my fraternity."
  • “When you’re 24, restaurants and bars are all you know. But as an entrepreneur you should focus on large disruptive industries…The auto industry is $1.6 billion, and you want to f*ck with bars and restaurants?!"
  • "The best way to not get screwed is to succeed"
  • "Hire a cofounder...Then, if you ever fall out of love with them, you'll have a prenuptial agreement."
  • "Don't raise a lot of money. Then you'll be on the express train. Take the local train -- it goes slower and there are more places to get off."
  • "One thing VCs never talk about is how screwed founders get."
  • "Persistence, persistence, persistence. I'm surprised how few entrepreneurs follow up."
  • "There are a lot of crocodile sales people. They have big mouths and small ears."
  • "Being an entrepreneur doesn't mean you had a lifelong passion to do it."

Source: - www.businessinsider.com