Read the full story: http://venturevillage.eu/worst-startup-advice
1. “Mark Cuban, the billionaire owner of the Dallas Mavericks, said he didn’t take a day off for seven years when he launched his first venture, MicroSolutions.”
I hope the next thing he said was, “you know, I really regret that. A lot of personal relationships suffered as did my mental health.
2. Passion is why you don’t work for Deutsche Post or a big bank. [...] Passion is no longer a differentiator, it’s a prerequisite. It’s why you’re at the race, but it’s not the reason you’ll win.
3. Want to know the secret of my meagre success? Being born into the life of a middle class, university educated white guy in the 5th richest country in the world. Fortunate accidents of birth like that give you better head starts than anything in Lance Armstrong’s medicine cabinet.
4. Problems are profitable. Passions, not so much.
5. ...I call it the “premature pivot”. It’s where you spend eight months building something, and you’ve got your launchrock page up, but only nine people sign up, then you launch, email five journalists, get no reply, write to TechCrunch, get no reply, send a newsletter to your mum, get no reply (it’s not that she’s not interested, she’s just busy and you really should call her more), make a Facebook fan page, get a few dozen user signups, wait a month, add some new features, contact the press again, decide you’ve got no traction, pivot, then repeat.