My advice to budding entrepreneurs

24 10 2010

A couple of months ago, the great people from interviewed me to collect my sage advice for budding entrepreneurs.

Here is what I told them:

What is WebFund all about?

What’s the difference between a good idea and a good business idea?

What should I think about before approaching an investor?

How important is scalability for a business idea?

Are investors looking for individuals or teams?

You really need a team around you, and there’s no shame in sales!

How do I find the right business partners?

Start small, and talk to potential investors as early as possible.

What are investors looking for?

How do I test out my business idea? What if I fail?

Everything you do today

6 10 2010

Everything you do today is an investment – or divestment – in the future.  The same is true of the things you don’t do. -DM