10 Tips From A Venture Capitalist Who’s Heard It All Before

Globe and Mail:

1. If you can’t write it down, or don’t know how, don’t start.
2. Can you take it? Day after day?
3. If you want a partner, find someone who is good at what you’re not.
4. Figure out exactly how slowly you can make money.
5. No one will give you money for a bad idea, and they’ll want the moon for a good one.
6. Big names don’t make the best advisers or business partners.
7. Persistence, bobbing and weaving, and luck mean more than an MBA.
8. Don’t sell an “If we get just a 1% market share” story.
9. Your spouse and friends can only take so much.
10. If you’re doing it properly, you should be going home four or five days per month hating what you’re doing.

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