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You forgot entrepreneurial skills. Obviously at the top of that list should be the ability to raise funds from VCs.
by gorbachev 9y ago
You forgot entrepreneurial skills. Obviously at the top of that list should be the ability to raise funds from VCs.
- inputcoffee 9y agoYou're right. I edited the growth hacking line a little. I don't know if I can recommend "learning" to raise from VCs but you're right they should practice all aspects of launching and running a company a few times by doing it.
- smt88 9y agoSmall quibble: fundraising is not an entrepreneurial skill. It's a substitute for lacking those skills. If a business is solid, no funding is needed. Or, if it is needed, it's easy to get.
- gorbachev 9y agoTo be an entrepreneur is to raise funds. I thought this was accepted as absolute truth in Silicon Valley.
- fuzzfactor 9y agoI must respectfully disagree. Forming or becoming a capitalist organization using Other People's Money is a perfectly valid approach for an entrepreneur to take, and if so whether funds should be raised from VC's or other sources is the kind of uncertian decision that entrepreneurs have to rise to, yes. But it's also possible to be a complete entrepreneur by using only your own resources whether that is primarily funds or not. You may or may not need to choose a low-resource-requirement business to operate. You may also survive or prosper in a capitalist environment and/or compete in a capitalist market without being a capitalist at all. At least since recorded history anyway. IMHO the top of the list for entrepreneurial skills should be the ability to develop the best income from the most satisfied clientele.
- Lordarminius 9y agoSo true.