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The best lesson in entrepreneurship you’ll get this year

This is a brilliant short talk by Tina Selig asking students “If you had $5 and 2 hours, what would you do to make as much money as possible?”. Her point that capital can simply be a distraction is a view I’ve held for a long time – especially in the context of cheap-to-start-and-run consumer web startups.

One Comment

  1. Peter Chee wrote:

    Definitely enjoyed watching the video. I’d say a lot of people limit themselves and build walls that stop themselves from ever accomplishing anything. One easy thing is to blame things like if I had money or was funded, then, I’d be able to make money or get my business going.

    Sunday, November 1, 2009 at 12:15 am | Permalink

2 Trackbacks/Pingbacks

  1. [...] #10: it takes 5 years to create anything of value #9: focus on your 1st market longer than you think #8: beware of shiny object distraction #7 avoid the rush to nowhere #6 competition doesn’t kill (early-stage) companies #6 competition doesn’t kill (early-stage) companies; usually, it’s internal conflict — teams going in multiple directions #nwen #5 the customer has the answer.  check out “outcome-driven innovation” #4 Two #’s: Customer acquisition cost and lifetime value.  focus on ‘em; track ‘em #3: GFA (Get F’in Aggressive) “over the last 15months, i don’t know what happened, but his eyes had changed” #2: KISS #1: the way you’re framing it from a capital and time perspective is too limited [...]

  2. links for 2009-11-12 at Scott Porad on Thursday, November 12, 2009 at 2:34 am

    [...] The best lesson in entrepreneurship you’ll get this year (tags: Entrepreneurship) [...]

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