Entrepreneuring is full of dangers and downsides. Gigaom offers twelve tips to ensure your entrepreneurial success. For example:
Partner pitfalls. It’s scary to be out there alone. You want someone to share the ups and downs. Often one partner will work harder than the other but share the same upside. Share the downside as well and don’t necessarily split equity equally. Set up reverse vesting: When you issue founder’s stock, make sure it vests in case someone leaves they don’t leave with all equity just with what has vested.
Be naïve. Unlearn what you learned in corporate America about hierarchy. Being naive means being ballsy. Facebook turned down a $1 billion offer from Google and people thought Zuckerberg was crazy. He wasn’t but he may have been naive. That paid off pretty well.
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