mistakes
Mark J. Macenka on "The Great Value of Avoided Mistakes" (Startup School)
On Saturday (March 24th, 2007) I attended YCombinator’s Startup School event at Stanford University. YCombinator, an innovative (and controversial) Venture Capital firm, works with carefully selected entrepreneurial startups over a summer session in Boston, and injects a small amount of money into these startups in exchange for 5% ownership of the company.
Mark J. Macenka, gave a great speech on The Great Value of Avoided Mistakes in startups. If you are interested in starting a company, or have already -- this list can be really beneficial to you.
Here is his advice:
- Don’t get too focused on control.. Many entrepreneurs get obsessed with keeping 51% of a company. Don’t get bogged down on dilution. Just get the money and get changing the world.
