Tim Draper Advice for Entrepreneurs

Via Paul Kedrosky:

What is your advice for a startup looking for venture capital funding?

A: Run your company. The money can help accelerate it but don’t wait for the funding to get started. The best companies get their first money from customers, not VCs. An investor can tell whether an entrepreneur is exploring a theoretical business idea or dedicated to the business. To an investor, make your company look like it is a train leaving the station.

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