Misconceptions In Entrepreneurship

I have recently become a venture capitalist, so I often encounter some mistakes that entrepreneurs often make when they start a business.

Myth 1: a good idea can make you.

The fact is that good ideas are neither sufficient nor necessary for business success.

Microsoft should be a typical example of business success, but in its entire history of development, it can not find a completely original "good idea".

In fact, Microsoft has been developing step by step by imitating the idea of its opponent and defeating its opponent in competition.

Google does have some original features, such as PageRank, Ad-words, cheap machine cluster, etc.

But none of them came out by Larry and Sergey.

This is not to say that Larry, Sergey and Bill are not smart enough. In fact, the three of them are sharper than anyone else.

But if you think they just have an inspiration and then become rich, you can only say that you are a dreamer.

Myth two: when things are made, they will naturally be used by others.

Sometimes this is the case.

Google is a good example.

But companies like Google are just

however

Myth three: if you don't apply for a patent, others will steal your thoughts.

In fact, no one will be interested in your idea, unless your idea is proved to be successful, but it was too late to steal scholars.

That is to say, someone really agrees with your idea, but if he is clever, he will choose to cooperate with you. If not, he will not threaten you by doing anything.

Sometimes patents are useful: it will make investors feel safe.

But I strongly suggest that you deal with the patent application by yourself. You can do better than the patent application agent through some studies, and you can save a lot of money.

Myth four: your view is very important.

In fact, what you and your partner think of your products is of no significance. What matters is what customers will think of your products.