Start up truths. 1.Anything other than “yes” is “no.” This is especially true when it comes to requests for money, partners or resources. It’s tough to accept initially, especially when you get encouraging reactions. Once you get the hang of it, you’ll find that this fact will help you be more decisive and move faster. Time is of the essence, so don’t hold on to false hopes. 2. The two things you need for success and funding are the right team and the right opportunity.It’s much more about the ability to build a great product in a market that is ready for it. 3. When an investor says “no” but it’s “not about the team,” 99 percent of the time its the team. Take my word for it. You may think it’s the product, but it’s most likely your team. The investor isn’t confident your team will get the job done but is just being polite. If you keep hearing “no,” it’s time to seriously re-evaluate your team and make changes ASAP in order to be successful. Ent 101
Posted on: Thu, 04 Sep 2014 04:47:43 +0000
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