Video: http://startupschool.org/2012/silberman/
Notes
- Making things can take a long time (quit jobs 2 years ago - work on multiple projects, 4 months to launch, get 3000 accounts in 3 months)
- Commitment to HAVE to make it work. You should just do it, or stop talking about it.
- Ways investors says No:
- Call me back in a few months.
- Who else is in?
- There is NO way this will happen.
- Lessons about investors:
- Even rich people are subject to free cookie, investor are people too.
- Hack the leverage: fear of losing the deal, the believe that the thing will be so big.
- Don't take investors' advice as face value, they make mistakes too, judge for yourself.
- Be great at 1 thing, the ONE thing worthy of people's time
- Investors are subjects to the same bias and trends everyone else is reading on techcrunch and hacker news.
- Convince investors through users who is their friends and wives.
- A lot of different ways to succeed, not necessary following the trends; trust the user, data and your instinct
- Build something you believe in, else you will definitely burn out
- Don't give up: don't let others talk you out of your dream
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