The Top 10 Mistakes of Entrepreneurs, Guy Kawasaki [VIDEO]
One of my favorite authors Guy Kawasaki lists the top 10 of the mistakes entrepreneurs and startups make when building their business. He covers all stages of a business from inception to exit. The video was recorded at the UC Berkeley Startup Competition (Bplan). Guy Kawasaki is former chief evangelist of Apple and co-founder of Garage Technology Ventures.
Guy Kawasaki presentation starts at 3:20 and ends 40:20. The last 40 minutes is discussion and Q&A.
Top Ten Mistakes of Entrepreneurs
- Multiplying big numbers by 1 percent
- Scaling too soon
- Pitching instead of prototyping
- Using too many slides and too small a font
- Doing things serially
- Believing 51% = control
- Believing patents = defensibility
- Hiring in your own image
- Befriending your VCs
- Thinking VCs can add value
Most important point: under-promise and over-deliver!