Entrepreneurs' paradox

Just take my advice... I told you so


Lessons learned from entrepreneur by Gary Silver
September 5, 2008 | Comments (2)

6369

It seems the entrepreneur has the impossible task of solving the "Entrepreneurs' Paradox" (the title of my book that I'll never have time to write). 

Entrepreneurs' Paradox

 


Do this


But, do this  

You need vision, trust your instincts, break through the herd mentality.   

Research, listen to your customers, there is wisdom in the crowd. 

Think big, VC's like big plans.   

Start small, find a niche.  

Just do it, execute first and foremost.  

Slow down, plan.    

Get the product out, flaws and all.   

You only have one chance to make a first impression.   

Start raising money before you need it, and a small slice of a big pie is better than a big slice of a small pie.  Bring in people smarter than yourself.

Don't sell equity too early and cheaply.  Don't give away your control.

Share your ideas to get ahead, "Don't worry about people stealing an idea. If it's original, you will have to ram it down their throats."

VC's (few, but still...) will reject you and share your ideas with their portfolio companies, "Just because you're paranoid doesn't mean they're not out to get you."


It can be argued that the devil is in the details, and that good judgment is needed to obtain the proper balance.  The entrepreneur is responsible for having the skills to walk a tightrope with a blindfold on.  Contradictory criticism of the entrepreneur (as CEO) is always just around the corner and there is always a way to point a finger for events beyond the grasp of his/her actual ability to control.

(Note: This post was republished to highlight)


Related news


2 comments

Submit yours
Mark  Evans
Mark Evans, 120 days ago
It's a tight rope for sure, and one that's easy to fall from... As David Saad mentions in his comment, "The right way is the way that you know how" And the way most of us "know how" is through the discovery process of what works and what doesn't work, i.e. failure and success. ---- Great list, too true.

Login to reply Mark


David Saad
David Saad, 126 days ago
This paradox is very real. It is indeed a balancing act. My take on it is to listen, analyze, but then follow your intuition. There are many ways of skinning the cat. The right way is the way that you know how.

Login to reply David


Vator.tv top stories

John Doerr: Everyone should be selling

2009-11-03-john-doerr-everybody-should-be-selling

From entrepreneur

by Eric Ries
November 3, 2008
From engineers to receptionists - take up the 'honorable' profession of selling

Vator Box highlights in 2008

5275_v-box-highlights-08

Vator Box

by Bambi Francisco
December 24, 2008
Esther Dyson, Google's Marissa Mayer, Venrock Brian Ascher, Guy Kawasaki, and more

Avoid politics and trust your instincts

5312_power_ll

From entrepreneur

by Chris Caceres
January 8, 2009
Steve Vachani, CEO of Power.com, shares insights on how to succeed as a startup

Silicon Valley vs. Los Angeles

2009-11-28-silicon-valley-vs-los-angeles

From entrepreneur

by Jason Nazar
November 28, 2008
A tale of two tech cities

How to make money using the Internet

2009-11-25-how-to-make-money-using-the-internet

From entrepreneur

by Seth Godin
November 26, 2008
Connect the disconnected to each other and you create value

Emerging sectors Ron Conway would bet on

5116_ronconway_triagingportfolios_ao

Investor interview

by Bambi Francisco
December 3, 2008
Crowd-sourcing search, Cloud computing, and How-to sites

One True Media raises $9 million

2014-01-08-diy-video-creation-technology-raises-cash

Technology trends and news

by Chris Caceres
January 8, 2009
Video upload service taps DAG and Kleiner to fund video creation technology, SpotMixer

Yahoo buyout rumor - a desperate gambit

2009-01-08-yahoo-buyout-rumor-a-desperate-gambit

Financial trends and news

by Bambi Francisco
January 8, 2009
Prediction - More rumors of consortia and bids will ensue
© 2008 Vator, Inc.