Seven Deadly Founders' Sins
David Beisel compiled this list of the Seven Founding Sins ? common mistakes which often divert entrepreneurs off the path towards success.
"Inauthenticity...A founding team should not only have the relevant experience, but also immediate and authentic understanding of the end-users?/customers? need...
Sloth...founding a company is not a full-time job. It?s a full-time life...
Extravagance...employees treat resources with the same respect that those in power do.
Taciturnity...Founders need to ensure that all of the constituents who are involved in making the company a success...are regularly updated....
Greed....
Arrogance...Founders must realize the limits of their abilities and seek help/input when others on the team are more informed or in a better position to make decisions...
Indecisiveness...In the end, tough choices are indeed tough, founding entrepreneurs need to make them..."
Read more in this Genuine VC post.
