Entrepreneur Myths: The Startup Reality

Thousands of entrepreneurs fail each year because they fall for the common myths about entrepreneurship. These entrepreneur myths propagate like a virus because no one has taken the time to aggregate, analyze, reflect and filter this valuable information from an entrepreneur and venture capitalist perspective.


Entrepreneurs are the key driver of the global economy and entrepreneur success and survival depends on using entrepreneur frameworks that dispel entrepreneur myths and provide competitive advantages. The competitive edge entrepreneurs need to succeed is the knowledge that can only be gained by learning real-life lessons from real-life entrepreneurs and investors. Those lessons aren't learned in any business school. Entrepreneur Myths exposes the reality of the myths that can kill any startup business.


As both an entrepreneur and venture capitalist who's been out there in the trenches for 25 years, Damir Perge shares his exciting adventures and the rollercoaster ride of being in the entrepreneurship and venture capital game. He learned what it takes to be an entrepreneur in fabled Silicon Valley and beyond. As a venture capitalist, Perge invested more than $50 million into over 25 startups. As an entrepreneur, he launched 10+ startups in high-tech, publishing, media, energy and more.


Whether you're an existing business, starting your own business, a successful entrepreneur or an aspiring young entrepreneur starting your dream out of your college dorm room, Entrepreneur Myths gives you the education not found in any textbook, MBA program or entrepreneur group. Most of the material is available only to those in the inner circle with money and time to burn. If you want the entrepreneur mindset required to be an entrepreneur you'd better start reading now, and hang on tight for the entrepreneurship ride.


Here's a sample of the 50+ myths you must avoid in order to start your own business and be a successful entrepreneur:


- Raising capital is easy if you have a great idea

- Sweat equity is extremely valuable

- Valuation is based on numbers

- Dumb money is bad money, and smart money is good money

- You need capital to develop a product or service

- All it takes is a great idea

- Venture capitalists are vultures

- Raising big money is harder than small money

- Venture capital is the best way to fund your venture

- Angels are angelic

- VCs are smarter than you

- You need capital to develop a product or service

- You must have an office

- The journey is the reward

- You'll be your own boss

- You can raise money overnight


BONUS

Includes two questionnaires with answers: Are you are an entrepreneur? and Should you start your venture?