Dave Sifry on Entrepreneurship
Saturday, April 16th, 2005I just came across some slides from a speech by Dave Sifry, CEO of Technorati and a serial entrepreneur, called Rules for Entrepreneurs.
Very interesting. I’ll list the rules here, hopefully making them more accessible than the PDF he has them in and easier for me to find later.
- Never fear mistakes.
- There are no dumb questions.
- Serendipity is your friend.
- Know yourself.
- Know your customer- LISTEN.
- Know your competition.
- Vision is easy. Execution is hard.
- Focus, focus, focus!
- Get a great team.
- Don’t forget your friends.
- Understand your business model.
- Never ask someone to do something you wouldn’t do yourself.
- Do good.
- Do it because you love it.
- Dream. You can change the world.
Then he says:
Wait!
- Don’t rush it.
- Spend parents’ money.
- Explore, experiment!
Then he has ‘5 Tips.’
- Incorporate in Delaware
- Everybody vests
- Do your own due diligence
- Beware of nepotism
- Get an employment contract.