Guy Kawaskaki, early Apple evangelist and legendary entrepreneur, recently addressed a group of students at the Haas Business School at UC Berkley. His remarks are a "must read" for entrepreneurs and would be entrepreneurs. He is disarmingly candid and irreverent - and extremely generous in sharing his insight.
Here is a summary of his "Top 10 Mistakes by Entrepreneurs," followed by a link to the YouTube video of the session.
- Multiplying big numbers by 1% to calculate an expected share of an addressable market.
- Scaling too soon.
- Obsession with partnering
- Pitching instead of prototyping
- PowerPoint errors - Using too many slides with too small a font. He suggests following to 10/20/30 rule: 10 slides shown over 20 minutes with a 30 point font.
- Doing things serially rather than simultaneously
- Believing that owning 51% of the company = control
- Believing that patents = defensibility
- Hiring in your own image rather than hiring complementary skills
- Befriending your VC
- Assuming that your VC will truly add value
Guy Kawasaki Shares Top 10 Mistakes of Entrepreneurs
Kawasaki's recent book, "Reality Check," offers similar practical advice, and has been called a "must read."
"Don't even think about trying to launch a startup without reading Guy Kawasaki's Reality Check." -BizEd