Entrepreneurs'liars

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Interesting testimony by Guy Kawasaki about entrepreneurs'liars to VC when they try to raise funds.
Oops! Not a testimony, but 10 key advices.

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Entrepreneurs'liars

  1. 1. Top Ten Lies of Entrepreneurs Guy Kawasaki CEO, Garage Technology Ventures
  2. 2. Top Ten Lies of Entrepreneurs 1 “Our projections are conservative.”
  3. 3. Top Ten Lies of Entrepreneurs 2 “Gartner says our market will be $50 billion by 2005.”
  4. 4. Top Ten Lies of Entrepreneurs 3 “Boeing will sign our contract next week.”
  5. 5. Top Ten Lies of Entrepreneurs 4 “Key employees will join us as soon as we get funded.”
  6. 6. Top Ten Lies of Entrepreneurs 5 “No one else is doing what we do.”
  7. 7. Top Ten Lies of Entrepreneurs 6 “Several firms are doing due diligence.”
  8. 8. Top Ten Lies of Entrepreneurs 7 “Oracle is too slow to be a threat.”
  9. 9. Top Ten Lies of Entrepreneurs 8 “Beta sites will pay to test our software.”
  10. 10. Top Ten Lies of Entrepreneurs 9 “Patents make our business defensible.”
  11. 11. Top Ten Lies of Entrepreneurs 10 “All we have to do is get 1% of the market.”

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