I agree with everything you've said, but want to add that for new entrepreneurs, it's wise to start your earlier ventures with the minimal amount of money and g

I agree with everything you've said, but want to add that for new entrepreneurs, it's wise to start your earlier ventures with the minimal amount of money and grass-roots types of efforts. From this, you grow to understand your strengths and weaknesses. A good entrepreneur may not learn great marketing techniques as a result of doing self-marketing, but may learn that he is not a good marketeer, which is just as valuable. Serial entrepreneurs like to start with more money because, in part, I think they already know what types of endeavors it makes sense to pay somebody else to do.