Entrepreneurship

On building companies (doing useful things)

• new enterance drives innovation more than anything, so try to get into those.
• there are ones that require a lot of capital to get into.
• investors: “tell us of your prior successes in this field?”
• What is expensive? Can it be made more affordable?
• Important: lower valuation w/ someone you really like VS higher valuation w/ someone you have a question mark about.. take the lower valuation. Better to have a high quality VC that would be great to work with.
• sources of capital + network of people
• don’t worry about the day to day fluctuations of the stock