Some great advice here in an article (by Greg Huang) about Nick Hanauer, the first non-family investor in Amazon.com. It's a terrific article, but this line is my favorite:
So entrepreneurship is a dangerous field, he said. “The difference between being an idiot and being a genius is very, very thin.”
Exactly. And I try to stay right on that line! OK, now back to the wisdom from Hanauer:
—If you have a breakthrough idea, you don’t need a breakthrough way to get it to the market. “If you have transformational value, people will beat down your door…Focus on the product. If the product is good enough, marketing will take care of itself. If the product sucks, no amount of marketing will get you over the hump.”
—”I’m not a technologist. From my point of view, technology is simply a thing that allows you to bring transformational things to customers…People get excited about a particular technology, and they forget the question: what does this do for people? It’s about what the customer gets compared to the alternatives.”
—”As an entrepreneur, I’ve never been concerned about competition. If you’re early, run like hell. It’s all about execution at the end of the day. It’s about having a great idea, executing like hell, and delivering value to customers.”
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