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No. 1 mistake: Speak without doing
Vitaly is one of the tens of thousands of entrepreneurs on Vator who embrace their passion and follow their dreams.
NevaCamp Foundation, 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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