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If you can wait and not be tired by waiting,

You will need patience as an entrepreneur. Things will need to develop and mature. Sometimes the technology isn't mature enough. Or the process will take longer than you think. Especially when dealing with investors, you will need to wait. Today investors are going to take their time.

At investors circle dc.

It is launch day. And the investor meeting went quite well.
I was able to talk with John May and he mentioned an interesting
change in the investing environment. What happens when the series c
investors go away? What does that do to te early stage guys who do the
seed funding and where do they end up putting their Money?

Jean-Luc Park

NYTimes: The New Rules of Angel Investing

From The New York Times:

SMALL-BUSINESS GUIDE: The New Rules of Angel Investing

The deal makers still exist, but they are pickier and less tolerant of risk.

http://www.nytimes.com/2009/10/29/business/smallbusiness/29angels.html

So angels are still out there. But it is still hard to reach them, and
they have fewer dollars to play with.

Or, being lied about, don't deal in lies,

There will be rumors about your business at all times.
You'll always hear that you're going to lose your best people, your best customer, your best supplier.
The best way around this? treat them well, make sure that they have no reason to leave you.  By the time you're asked to re-bid, it is already too late.
I can say ethics, or being a good person should prevent you from dealing in lies, but if that worked, you wouldn't need to hear it from me.

If you can trust yourself when all men doubt you, But make allowance for their doubting too;

When you go out on your own, you'll be challenged on a lot of things. Can you do this, is your idea even viable, will you be the right person to grow the company? Lots of folks will question you. But if you have the mettle, and the facts to back you up, then you can succeed.

Lots of facts are out there, a lot of analysts will give you ideas and predictions. Take them for what they are guesses. No one knows what the future will bring. But entrepreneurs are the only ones who can go out there, and bring their vision to reality. That is creating the future, not predicting it.

Sharkskin pattern as anti-bacterial surface

 
Biommicry will become a bigger source of "innovation" in the coming years, as humans start to follow what nature has already developped.
 
 

If you can keep your head when all about you Are losing theirs and blaming it on you;

There will be chaotic times as an entrepreneur or CEO. You will get too much of the credit and too much of the blame, always.

The employees will look to you for guidance, sometimes expecting you to become an oracle and foretell the future. How you react to these situations will be telling to all those around you.

Character has been cited as the most important trait to have in a partner or as a partner. How you show your mettle will go a long way towards how others will recieve you.

IF

If is a big word.
 
In VC, IF shows up everywhere.
 
If the technology works
If the customers buy
If we get funding
If we execute
If we hire the right people
If, if, if....
 
It defines and determines a lot of investments.  You take the ifs you can handle, and you abandon those you can't.
 
I'm going to try and use the most famous IF, Kipling's poem, and see how my thoughts on entrepreneurship and VC investment relate to his lines.

If you can keep your head when all about you

If you can keep your head when all about you
Are losing theirs and blaming it on you;

Jean-Luc Park

Paul Graham on startups

 
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 t
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