| 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
