No. 1 mistake: Speak without doing
Today's entrepreneur is Vitaly Vlasov, founder of Playcer, a location-based game platform, where you can discover new places, meet new people, get rewards.
Vitaly is one of the tens of thousands of entrepreneurs on Vator who embrace their passion and follow their dreams.
Entrepreneur
NevaCamp Foundation, Playcer
Playcer
I want to change the world.
Foursquare, SCVNGR, Facebook, Google
Only speak, without doing.
1) First of all I understood that you should do your startup/product in the right time (when market and target audience is ready), also you should have a great right team (at least one person as your partner/cofounder and several strong guys in webdev and marketing). Also doing "right" (reliable, interesting, problem-solver) product is very important. What do I mean? See trends (like social networking, gamification, augmented reality), watch what people will use in the next year or use now (mobile, geolocation). Your product should forecast a big market and people's needs because you need time to realize your product (at least 6 month).
2) You don't need money before launching private beta. Be a bootstraper, take money from FFF. If you have product and business model - go to VC, you will be evaluated higher. Another important thing - take money not from investor, take money from your clients.
3) Be open, help another people, be cool guy, think about ecosystem because you are a part of entrepreneurial ecosystem. Don't be boring and arrogant after getting investment. Believe in yourself and your team, don't be afraid to change the world!
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Vitaly Vlasov
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