4 ms·
Here are the myths from the post, which the author explains. If you believe any of them, you'll probably benefit from reading the explanations, which I found he
by spodek 12y ago
Here are the myths from the post, which the author explains. If you believe any of them, you'll probably benefit from reading the explanations, which I found helpful and brief.
Myth #1: A brilliant idea will make you rich.
Myth #2: If you build it they will come.
Myth #3: Someone will steal your idea if you don't protect it.
Myth #4: What you think matters.
Myth #5: Financial models are bogus.
Myth #6: What you know matters more than who you know.
Myth #7: A Ph.D. means something.
Myth #8: I need $5 million to start my business
Myth #9: The idea is the most important part of my business plan.
Myth #10: Having no competition is a good thing.
Special bonus myth (free with your paid subscription): After the IPO I'll be happy.