Funding and Building your Business

Stock options can be a nice benefit, but the value behind the offer can vary significantly.

3. Cost of customer acquisition.

2. Rely on informal agreements with partners.

Entrepreneurship is a disease because you are not likely to make money — you are likely to die broke. And you work insane hours — longer than any other job — and you do it over and over and over again. This is not sane.

Amid worries that we are becoming less innovative, some companies are rewarding employees for their mistakes or questionable risks. The tactic is rooted in research showing that innovations are often accompanied by a high rate of failure.

I’ve taken a nostalgic look back over the ground covered and lessons learned in the past almost three years. Here are ten key messages that I would like to leave you with:

If you want people to follow, you need to be able to convince them of three things:

People who are working enjoy minor delights.

It is hard to tell from the outside whether a board is any good.

"A rising tide lifts all ships". What is good for your competition is often good for the entire industry you’re in. Everyone wins.