What’s the worst mistake a founder can make?
Not be willing to change things in mid-stream. The phrase ‘Don’t Change Horses in Mid Stream’ is attributed to a speech made by Lincoln in 1864. Probably doesn’t apply today!
What’s the most common Startup error?
Getting rich on a calculator.
What does “fail fast” mean to you?
We’ve seen it a thousand times. People are petrified to put things out into the market until they think its perfect. Get it out there, warts and all.
If you could fix one thing in the startup eco-system right now, what would it be?
Have a story that OTHERS would want to share. Not just a commercial for your startup.
What should startups be focusing on right now?
Spreading their story. Have it ready for all screens too. Mobile of course.
When’s the right time to seek funding?
Never a great time if you can avoid it. Saps the energy out of the founders and redirects them from what got them interested in doing their business in the first place. I always say…last resort option in early stages.
Thoughts on crowd-funding?
Obviously, its the hot thing right now. If you have the right product for that vehicle, I say try it. (See Fail Fast above)
Best advice you’ve ever gotten?
Someone said these exact words over 15 years ago to me. “Things have worked out in your life so far, correct? I guarantee they will in the future”
Guess who’s coming for dinner…who would be your dream dinner guest(s) and why?
Robin Williams. Martin Short. Jon Stewart. Life is short. Laugh a lot.