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The Reason There Are So Few Great Entrepreneurs

Last year I had very little understanding of venture capital; what it was and how it worked.

VC’s were this near mythological creature that held the fate of startups in their hands. To listen to some entrepreneurs talk, VCs are like a fairy godmother who could grant instant success to any startup they bequeathed their touch upon. While other entrepreneurs likened taking VC money to Faust selling his soul to the Devil.

Then, last year, I had the opportunity to be Highway 12 Ventures’ Entrepreneur-in-Residence. Now that I have moved on to other things I wanted to share with you the most important thing I learned this last year.

by: Tac Anderson

Full Story: http://highway12ventures.com/2009/05/12/the-reason-there-are-so-few-great-entrepreneurs/

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