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Survival Guide for "Slow Start" Entrepreneurs
 
 

Survival Guide for "Slow Start" Entrepreneurs [Kindle Edition]

Denny K Miu
4.7 out of 5 stars  See all reviews (7 customer reviews)

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Product Description

(3rd Edition) In the last chapter, the author compares finding co-founders with dating ... 1) Most entrepreneurs have lots of experience practicing alone, but little time doing it with someone else; 2) Diversity is important. You need to go outside of your gene pool, never do it with family; 3) Two bagger is not an option. It is tough to get up in the morning knowing that you are opening you eyes to ugly; 4) Don’t complain about fleas if you slept with the dogs; 5) Be sure to protect yourself; 6) Stay away from “virgins”; 7) Forget about your ex’s, no one cares; 8) Don’t sleep with strangers; 9) Each try different positions, more fun that way; and finally 10) Stop obsessing the “orgasm.”

Product Details

  • File Size: 121 KB
  • Print Length: 88 pages
  • Simultaneous Device Usage: Unlimited
  • Sold by: Amazon Digital Services
  • Language: English
  • ASIN: B0054ECIV6
  • Text-to-Speech: Enabled
  • Lending: Enabled
  • Amazon Best Sellers Rank: #178,140 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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1 of 1 people found the following review helpful
The _Survival Guide for Slow Start Entrepreneurs_ has given me new and deep insights into my own successes and failures as an entrepreneur. I've marveled at the accuracy of Miu's concise characterizations of startup players, roles, and dynamics.

This makes my must read list for entrepreneurs, along with the documentary Startup.Com and Kawasaki's _Art of the Start_. It is a great counterpoint to the ebullient _Art_. It explains the train wreck chronicled in Startup.com and lived by so many others since then.

I see two unique contributions. The first is the explanation of what makes VCs tick, and it isn't just internal rate of return. Here's part of that:

"In general the VC's and their partners are willing to take much greater risk than you alone since in the eyes of the VC's senior partners, succeeding small is as bad as failing big ("go big or go home"). So by taking money from VC, you actually increase your own risk profile and force your financial outcome to be binary, either big or nothing (which is very unnatural since you typically prefer to take a more measured path mitigating only calculated risks). Therefore, with VC's as your friend, the probability of a zero outcome is now quite real."

The second, and for me more valuable, is the clear and detailed road map of the emotional journey that founding a startup becomes. I have lived this arc a few times, and the reflections on being a CEO/Founder ring very true.

"Entrepreneurship is, in fact, a character flaw. Entrepreneurship is not something that can be rationalized and easily explained away. Entrepreneurship is a deep desire to create and destroy at the same time. It requires simultaneous distain [sic] for authorities and respect for past artisans. In fact, if I thought there was a cure, I would have taken the blue pill."

The general prescriptive point is that building a business takes more time than most VCs have, so think for the long run and try to bootstrap. Oh, and by the way, money matters. A lot.

The writing reminds me of Hemingway in its truth through simplicity. If you've lived this life, I think you'll gain new insights from Mui's book. If you haven't, it offers an unvarnished look at the struggle to create value.
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1 of 1 people found the following review helpful
Excellent Reference June 26, 2011
Amazon Verified Purchase
This book is an easy read. It provides a direct, candid accounting of the author's experience in high tech startups and VC financing. After building valuation for VC and failed, Denny learns to build his 2nd startup by creating value that solves a problem burning a holes in his customer's pocket. It ultimately led to his success. This book is an excellent reference for both experience and inexperience entreprenuers. It is now on my reference bookshelves.

I've participated in raising VC financing to create valuation and I've also worked for a very successful boss who does not even know the term VC. When I am ready to start my journey, this book will be an indispensible travel companion.
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1 of 1 people found the following review helpful
Good Read June 26, 2011
This is a good read. Professor Miu has given all entrepreneurs a homework assignment with an open-book test...NOT a POP QUIZ... at the end.

Professor Miu is wise, insightful, witty and irreverent. Much of the book is an allegory of life and start-ups...especially, Chapter 3 about decisions.

I wish I had had this book in 1970 when I did my first VC/start-up that resulted in an IPO. It would have been much easier. A first class definition of VCs and entrepreneurs...their needs, motivations and expectations.
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Popular Highlights

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Do not confuse action with activity. Do not confuse leadership with democracy. Do not confuse consensus with compromise. Do not confuse consultation with commitment. &quote;
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When things go well and my company is making money, I try not to let the compliments get to my head. Likewise when things don't go well and my company is losing money, I try not to let the criticisms go near my heart. &quote;
Highlighted by 6 Kindle users
&quote;
First-time entrepreneurs often underestimate the importance of having strong conviction -- conviction about themselves, conviction about their team and conviction about their idea. &quote;
Highlighted by 6 Kindle users

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