Entrepreneurship is “risky” mainly because so few of the so-called entrepreneurs know what they are doing.
Nothing turns off an investor more than when an entrepreneur comes in with a ridiculous valuation.
When I first got into business, I made a lot of bad decisions.
While entrepreneurs spend a lot of effort trying to avoid failure, sometimes the lessons one learns from those missteps can be invaluable.
Losing focus is another way that founders get off track.
If someone who's passed on your company as an investor offers you to make introductions, that's kryptonite. Don't touch that.
One of the biggest mistakes entrepreneurs make is not understanding the relationship they have with their investors. At times, they confuse VCs with their friends.
What most entrepreneurs don't understand is that it isn't the economy that bursts a bubble, but investor psychology.
A common mistake among new entrepreneurs who have raised large rounds is that they have essentially infinite resources.
I can't tell you the number of people who pitched something and have no idea whom they are pitching it to. They don't know the background of the investor.
Many entrepreneurs do not realize that many of the problems their businesses face today began yesterday, long before there was a business.
