Vitaly Vlasov

Entrepreneur

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 right time (when market and target audience is ready), also you should have great right team (at least one person as ypur 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 bit market and people 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 afraid to change the world! Good luck.