Thursday, December 12, 2013

Eleven Mistakes that Startups Make

Early this year, the UC Berkeley Startup Competition welcomed Guy #Kawasaki to the Haas School of Business. Kawasaki, former chief evangelist of Apple and co-founder of Garage Technology Ventures, covered all stages of a #startup from inception to exit.

Focus on the Prototype rather than the Powerpoint.

Eleven mistakes that Web Startups make....

  1. Multiplying the market by 1% as worst case
  2. Scaling too soon because you think you are a rock star
  3. Partnering is bullshit, the focus of the entrepreneur is sales
  4. You have a Powerpoint pitch, but you do not have a prototype
  5. Using too many slides, using too small font
  6. Doing things one at a time (serially)
  7. Believing that 51% is winner
  8. Believing patents will protect you
  9. Hiring your people like you
  10. Befriending your venture capitalists
  11. Thinking that venture capitalists can add value.

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