Eat Like A Bird, Poop Like An

The World Is A Big Place. There Are Lots Of Smart People In It. Entrepreneurs Are Kidding Themselves If They Think They Have Any Kind Of Monopoly On Knowledge. And, Sure As I'm A Macintosh User, On The Same Day That An Entrepreneur Tells This Lie, The Venture Capitalist Will Have Met With Another Company That's Doing The Same Thing.

"patents Make Our Product Defensible." The Optimal Number Of Times To Use The P Word In A Presentation Is One. Just Once, Say, "we Have Filed Patents For What We Are Doing." Done. The Second Time You Say It, Venture Capitalists Begin To Suspect That You Are Depending Too Much On Patents For Defensibility. The Third Time You Say It, You Are Holding A Sign Above Your Head That Says, "i Am Clueless."

The Record Of What You Do Is Forever Recoverable Because Of Google. The Lofty Upside And Scary Downside Makes Reciprocity More Important Than Ever. This Is All Good Because It Makes People Think More Before They Do Something That Reduces Their Trustworthiness.

Original Visions Are Often Wrong. Companies Have To Morph As They Learn What Customers Don't Want.

The Real Question Is Who Will Innovate.