ENTREPRENEURSHIP

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What Venture Capitalists Like

What if these folks had been Venture Capitalists - They Certainly Qualify!

Top 10 Entrepreneur Characteristics

Any Questions?

ENTREPRENEURSHIP RESOURCES

ENTREPRENEURSHIP LITERATURE


 

WHAT VENTURE CAPITALISTS LIKE:

  •  Quality of management,  indicated by the collective skills and experience of the management team 
  • Relevant skills include marketing, technical, financial skills and proven leadership ability 
  • Relevant experience -   management teams have experience in the same or similar industries or markets
  • Education 
  • Management commitment and staying power 
  • Age
  • Ability to evaluate and react well to risk

WHAT IF THESE FOLKS HAD BEEN VENTURE CAPITALISTS?

  • "Everything that can be invented has been invented" - Charles H. Duell, Director U.S. Patents Office, 1899.                                                            
  • "I think there is a world market for maybe five computers" - Thomas Watson, IBM president, 1943.
  • "Television won't last because people will soon get tired of staring at a plywood box every night" - producer Darryl Zanuck, Twentieth-Century Fox, 1946.                                                                                                
  • "You ain't going nowhere, son. You ought to go back to driving a truck" - Grand Ole Opry's Jim Denny to Elvis Presley, 1954.                                    
  • "There is no need for any individual to have a computer in their home" - Ken Olson, president of Digital Equipment Corp., 1977.
  • "640k ought to be enough for anybody" - Microsoft founder Bill Gates, 1981, whose computers now offer more than 500 times that much space for electronic memory.

TOP TEN ENTREPREUR CHARACTERISTICS

Researchers and experts suggest that entrepreneurs share a number of common characteristics.  A Top Ten List follows:

  • 1.  Commitment and determination
  • 2.  Desired for ownership/responsibility
  • 3.  Obsessed with answering the door when opportunity knocks
  • 4.  High risk tolerance
  • 5.  High uncertainty tolerance
  • 6.  Creativity and flexibility
  • 7.  Desire for immediate feedback
  • 8.  High level of energy
  • 9.  Highly motivated
  • 10.  Future oriented.

ANY QUESTIONS?


 

 

 

 

 



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Last modified: January 24, 2013