Bill Draper
[Entrepreneurs] make lots of mistakes. They overestimate market size and underestimate how long things will take. But what happens most often is that entrepreneurs underestimate the importance of what they don’t know. They know their competition as it is today, and they know that their own product is going to be significantly better. But they don’t know what’s going on in the backroom of their … [ Read more ]
Content: Quotation | Author: Bill Draper | Source: Inc. Magazine | Subjects: Entrepreneurship, Venture Capital
Bill Draper
Another thing I do… is call references and then ask the references, “Who else should I talk to?” Often the reference has been set up in advance and is a good friend of the entrepreneur. And sometimes he will know something negative about the entrepreneur that he doesn’t want to personally disclose. So when I ask that reference for another reference, he can steer me … [ Read more ]
Content: Quotation | Author: Bill Draper | Source: Inc. Magazine | Subject: Human Resources