MBET - what do you learn in an MBA?
1) People don't often invest in ideas, people invest in people. eg. Heck, we are going to have fun together building 'x'. 2) Don't just create cool technology, instead produce something that solve a customer pain. hint: If they don't want to pay for it, then it is probably just a cool toy. 3) What you decide to not do is sometimes more important that what you decide to do. 4) Focus on making the pie bigger, not on cutting smaller pieces. ie. share equity if you end up with a bigger net value. 5) Hire smart, trustworthy people that share your passion, never ever hire a single poor performer or a bad team player. eg. A grader hires other A graders, but B grader hires other C graders. 6) Focus is better than hope. eg. targetting 1% of 50 million market is not a good goal. 7) Avoid raising money from friends & family; hint: few startups actually succeed. 8) Write a business plan, more to help you than to help others. Don't bother to create one if you ...