Remove Business Model Remove Conversion Remove Mongolia
article thumbnail

Why it is hard for VCs to say ‘no’ and why that ‘no’ could be good news for an entrepreneur

The Next Web

Do they really expect that the next Facebook will come knocking at their ivory towers with a polished product, proven business model and the only thing missing on the way to an IPO being their Series A investment?”. And if they do, they complain about lack of global potential or misunderstand my product completely. “Do

article thumbnail

Richie Norton on The Power of Starting Something Stupid

Life Beyond Code

It was great way to start the second half of 2013 with a phone conversation with Richie Norton , the author of The Power of Starting Something Stupid. For example, a woman from Mongolia wanted to start a cashmere company and had won the competition a couple years earlier. It was a reasonable success and “stupid suddenly became smart.”

Hawaii 103