Ron Kornfeld came to our class at
UWT and held a lecture about entrepreneurship. He is a serial entrepreneur. He
began his career long time ago when the internet was just coming to light. Ron
was working on some dial-up projects that would make internet available to public.
At that time, no one could thing of a reason why internet would become so
vital, and nowadays no one can imagine life without it. Therefore, at that time
Ron was much ahead of the time by doing things that later will become so
needed. Of course, he made a bunch of money and invest them somewhere else to
make even more money. He was involved with Dreambox, Tweetiator, and several
other projects.
I liked what he said about
start-ups, that you don't have necessarily to begin with millions of fundraised
dollars. Like he said, you can start with a smaller amount; even use your
credit card if no other resources are available. That's great news, because I
don't have to wait for an angel or VC to invest money, but can start without
such great start. This approach has its good side. You can start something
small and test it on the market before risking millions.
Ron also made it very clear that business plan is very
important document for both - for us and for VC's.
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