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?

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

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What should I think about before approaching an investor?

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How important is scalability for a business idea?

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Are investors looking for individuals or teams?

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

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How do I find the right business partners?

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

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What are investors looking for?

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