Words of guidance and insight from an experienced entrepreneur and private investor to high-tech entrepreneurs, start-up companies, and fellow investors.
Friday, September 3, 2010
Investors invest in people, not products or services
You've probably heard this before: Bet on the jockey, not the horse. Another one: I'd rather invest in an "A" team with a "B" product than the other way around. It's the A team that can make a questionable product/service successful, and if that's not possible, it's the A team that will know it can't be and kill it (or morph it). Why is this? The A team knows how to assess it. And, more importantly, the A team has the contacts database to assist him/her in assessing the market potential, and getting it into the market.
Labels:
entrepreneurs,
founders,
investor,
VC
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