by oneafrikan on October 20, 2005
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 â€œall things to all peopleâ€ 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 â€“ 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.
Itâ€™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 ;-)