Tim Chae: Making Up for the Lack of Experience

Being "green" to the startup scene as well as being a first-time entrepreneur, you have a lot more hurdles to overcome to succeed with your startup compared to the ones who have "been there done that".  Although it certainly is a bit more difficult to succeed due to the lack of an established network of being green and from the lack of prior experience of running a successful startup, it does not mean it is impossible!  There are additional works to be done and steps to be taken, but remember, all the successful entrepreneurs were once in your shoes too.

So what can you do to maximize the chances of your success and more importantly, what can you do to maximize your growth and learning as an entrepreneur?

Tim Chae: Why "That's Interesting" Is a Bad Sign

If you are a founder of a startup and have ever pitched to an angel or a VC with your company/idea/concept, I'm sure you've heard the phrase "That's very interesting."  Maybe they even added a convincing, "hm..." as if they are seriously pondering about your idea and now you think they might be completely agreeing with you that your company is going to be the Next Big Thing.

Guess what?  It's not.

In fact, they will probably not even follow up with you even if they said they would.

Sorry about the reality of the startup world.  But hey, we're all young and whatever you are working on now is most likely your first real startup so we're here to learn and get better.

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