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The 3 Most Damaging Myths in Entrepreneurship

Up and Running

That’s what we teach in business schools and classic entrepreneurship: you develop a business plan, you get financed, and then you start. It’s out of date now, but if you look for it, you can find the 1997 Dun & Bradstreet research on causes of business failure that listed “too much money&# as one of the causes.

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The pioneers of Silicon Valley’s fast culture on how to grow quickly, not recklessly

Reid Hoffman

And from a financial perspective, any investor would be better off buying stock in Amazon than buying and share of a corner bookshop; if you invested $100 in Amazon’s 1997 initial public offering (IPO), those shares would have been worth about $120,000 in 2018. I [Reid] remember when Airbnb co-founder Brian Chesky told me about the offer.).

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Customers Love Free Stuff … But That’s Not Your Problem

abovethecrowd.com

Warren Buffet, 1997. This “gain” ($34B last year alone) is a result of a direct wealth-transfer to these individuals FROM the previous owners of the company — founders, executives, employees, and venture investors. Investment banks simply do not match supply and demand. Marketing 101: Customers love free stuff.

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