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Steve, Great post. Thanks! In over one year that I've spent on creating a startup, this truth shines through well. Banking on the team's credentials or business plans will take you some way, but the reality is - if you have a product the investors can see and feel, and is already generating revenue: that's what will grab attention.
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thanks for sharing, chris. I appreciate the well thought out list. I like your point#6 a lot- knowing more about the people in need is a way of understanding them better, is more enriching for oneself, and can help us out of our ignorance of the rest of the world.
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Feb 7, 2010