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Why it is hard for VCs to say ‘no’ and why that ‘no’ could be good news for an entrepreneur

The Next Web

Do they really expect that the next Facebook will come knocking at their ivory towers with a polished product, proven business model and the only thing missing on the way to an IPO being their Series A investment?”. And if they do, they complain about lack of global potential or misunderstand my product completely. “Do

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Richie Norton on The Power of Starting Something Stupid

Life Beyond Code

For example, a woman from Mongolia wanted to start a cashmere company and had won the competition a couple years earlier. BYU-Hawaii worked closely with me to help create the business model and put mentors in place. So, I went ahead and backed her and became a part of the cashmere company.

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