My advice to budding entrepreneurs

24 10 2010

A couple of months ago, the great people from MyFirstCompany.co.nz 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







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