I read an interesting article on Vinod Khosla’s advice to start ups and lessons to be learnt from the failures of Web 1.0 companies. Use the money you raise judiciously, remain creative and not become comfortable with a business plan.
“My friend Mark Leslie, founder of Veritas Software, says that the more money you give a company to start with, the less likely it is to be successful. The more money the founders have, the more confident they get about their business plan, the less they experiment.” He goes on, “The right way to build a company is to experiment in lots of small ways, so that you have plenty of room to make mistakes and change strategies.”
Read the complete article here.