This document outlines the top 11 mistakes that entrepreneurs often make, including scaling a business too quickly without properly testing ideas, believing that having a majority stake equals full control, and thinking that patents alone make a business idea defensible. It also warns against serial execution instead of parallel paths, overly long presentations, hiring only those similar to oneself, and befriending investors instead of maintaining a professional relationship.

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Top Ten Mistakes of
Entrepreneurs

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1. Multiplying big numbers by 1
percent

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2. Scaling too soon

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3. Partnering

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4. Pitching instead of prototyping

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5. Using too many slides and too
small a font

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6. Doing things serially

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7. Believing 51% = control

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8. Believing patents =
defensibility

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9. Hiring in your own image

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10. Befriending your VCs

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11. Thinking VCs can add value