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If you can think - and not make thoughts your aim;

There is no such thing as an "idea man." You need to execute, you need to make sure that you are doing more than mental exercises. No investor wants you to just sit around and think. No one will pay you to be "smart." They want you to do something.

If you can meet with triumph and disaster And treat those two imposters just the same;

The highs and lows of entrepreneurship will be magnified as you go on your course. Every step forward will bring cascades of elation. Every setback will foretell the doom of the company.

The imposters of triumph and disaster convey the idea of finality. Rarely will that be true. Only a few events can or should stop a true entrepreneur. Keep going and persevere for the long haul. Not letting temporary conditions trick you into letting up or letting go.

If you can dream - and not make dreams your master;

There is no such thing as the "idea guy". Everyone can have their own
vision. But the future belongs to those who have the energy, ability,
and will to make their projection a reality.

There is nothing to dreaming, there is everything to creating.
But planning and replanning do nothing to move your business forward.
Getting the product "just right" is nothing more than delaying contact
with reality.

Dream big, but make those dreams come true. Dreaming to dream is a
waste of time, talent and resources.

And yet don't look too good, nor talk too wise;

This is not school. Being smart or being right is not enough. No business exists in a vacuum. You, your employees, your company all exist In a community. Everyone has an opportunity to occupy a niche in the ecosystem.

Just as no one wishes to deal with a know-it-all, no in wishes to compete with an ideal. Fit in and adjust to your customers needs. Be a good customer and good supplier. Remind them that they are working with people.

Or, being hated, don't give way to hating,

Jealousy is common. People will want to see you fail. As an
entrepreneur and as a company. You might not have done something they
way they wanted. You might have slighted them in some way, while you
were too busy with something else. It wasn't quite right.

There will be many ways that others could hate you. Suppliers,
customers and employees. Don't give way to revenge. It is another
distraction. Keeping you from focusing on the success of the business.

Besides, living well is the best revenge.

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.

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