It was sent to me from an entrepreneur friend.

 

I'll comment on his take of VCs.

 

He's right.  Many investors don't have/need/want a full understanding of your technology.

 

Why?  We're not the ones buying the product.  We are buying the company.  And we are selling the company.  The product is an output of the company, but not the company itself.  If the product was worthless, and the company was bought from the investor at a good multiple, it would still be a success.  If the product wasn't profitable, but the investor still made a lot of money, then it was a good investment (Youtube).

 

what makes a good investor is not what makes a good entrepreneur. 

 

His final conclusion, that running a startup != working at job is very true.

 

where i disagree is that a "job" is the only experience people can relate to.

 

There are other leadership roles that exist, that some people have done.  Times when everything, and I mean everything, is your responsibility.  Times when you're cut off from resources that you usually enjoy.  These are the times when what you've brought is what you've got.

 

So be prepared for a wild ride, and don't be surprised when it gets rough.