Despise young entrepreneurs is a real strategic error for those who want to understand the future
The technological revolutions always occur in an improbable way. To despise young entrepreneurs is not only evidence of the over arrogance of the parvenu, it is a real strategic error for those who want to understand the future. The real terror of Bill Gates was not the fierce competition from other major technological players, these cash-heavy behemoths. No, he was having nightmares on this stranger in his garage, inventing an unexpected product that would one day arrive on the market to undermine the foundations of his empire.
Focus is saying no to 1,000 good ideas.
The last 10% is 90% of the work.
I'm convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. It is so hard. You put so much of your life into this thing. There are such rough moments in time that I think most people give up. I don't blame them. Its really tough and it consumes your life. If you've got a family and you're in the early days of a company, I can't imagine how one could do it. I'm sure its been done but its rough. Its pretty much an eighteen hour day job, seven days a week for awhile. Unless you have a lot of passion about this, you're not going to survive. You're going to give it up. So you've got to have an idea, or a problem or a wrong that you want to right that you're passionate about otherwise you're not going to have the perseverance to stick it through. I think that's half the battle right there.