The Bootstrapper’s Guide to Internet Startups

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31 pointsroblewis2 comments

This article touched somewhat on the biggest problems I have with (bad) entrepreneurs these days:

1)Thinking their idea is god

2)Thinking they are gods

The first point was touched upon with the quote "My idea is so good I need you to sign an NDA just so I can tell you", but the second point, however, I feel is even more obnoxious. These entrepreneurs think they are the next Steve Jobs, and act like it without the actual results.

To prove how true this is, search craigslist jobs for "equity" in any city and see what types of results you get. With most postings, you'll find a "creative" guy who doesn't know anything about the technical side, but he has a "great idea". He's looking for a programmer who will take a minority stake in equity in lieu of pay, because hey, the company will be worth billions someday, right? It's entrepreneurs like this that give us all a bad name.

The fact that they don't realize that the perception of someone who does this is "less than credible" is enough in itself to conclude that they aren't near as qualified as they claim.

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