Dumone’s 5 Point Plan for Entrepreneurs

June 3rd, 2010 Posted in Start-Ups, Technology

Are you starting a business; maybe trying to raise some money? Need some advice? Men have died trying to obtain this valuable information, but I’ll give it to you for free.

  1. Never let on how much you need the other guy’s money.
  2. Stay in control. He wants a rate of return and you want to scale your business. This is not a unilateral transaction.
  3. Express a level of confidence in your technology based on a solid understanding of it, your market and your competition.
  4. Understand and be responsive to the interests of your investors.
  5. Be sure to play side one of Led Zeppelin IV at the closing table.

I hope you get lucky…

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