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I suspect that in my 13 years years or so in the venture business I have received somewhere on the order of 5,000 executive summaries directly from founders. I read all 5,000 executive summaries. I met with some of those entrepreneurs too. Yet, I didn’t fund a single one of them. But it got me thinking. Maybe I was biased. … [ Read more ]

David Hornik

How do you know a great entrepreneur when you meet one? Great entrepreneurs would do a better job running the competition than their competitors are doing. They can tell you not only the ways in which their strategy is better than their competitors’, but also the ways in which their competitors have created the very opportunity that they are exploiting.