I have backed over 125 companies over my Wall Street career and can humbly say reviewed over 5,000 business plans… From startups to very established companies seeking financing.
These are my golden nuggets I thought I’d share with every bright-eyed rookie CEO starting his entrepreneurial career. Hope you will make the most out of it.
1. Contrary to the stereotype, startups are a marathon, not a sprint.
The truth is, you are not going to be a billion dollar company or be acquired in the next 18 months. The process always takes longer than you think.
2. Determination is the biggest predictor of long-term success: Nobody had an easy road. You can succeed, but often it is a matter of how badly you want to.