Seven Founding Sins

by oneafrikan on October 20, 2005

_ Genuine VC: Seven Founding Sins

David Beisel’s talks about seven fonding sins that get in the way of success…

My favourite bits:
The sooner that a new company can find its focus and make strides, the better. Of course any new company necessitates flexibility, but there is greater risk in trying to be “all things to all people” than succumbing to rigidity. In the end, tough choices are indeed tough, founding entrepreneurs need to make them.

Letting others control activities frees founders to contribute where they can best – in whatever role that may be. Nobody, including a founder, is always right.

A flourishing startup endeavor requires investing equity in others to generate substantial return.

It’s a full-time life. And then some. And then some more. Only those who truly understand this notion have a shot.

It almost reads like a “seven habits of highly successful entrepreneurs”…

Good one ;-)

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