The Top Ten Lies of Entrepreneurs to VC

Here is an interesting blog post on enterpreneurs and VCs. The blogger summarizes out top ten lies which seem to be apprearing every business plans of those startups. The world keeps rolling with all those lies speaking/listening every day, startups getting pitch, VCs getting sudden huge return. Why? That’s a game to gamble. The original post are more interesting that the bare list.

  • “Our projections are conservative.”
  • “Gartner says our market will be $50 billion in 2010.”
  • “Boeing is going to sign our purchase order next week.”
  • “Key employees are set to join us as soon as we get funded.”
  • “No one is doing what we’re doing.”
  • “No one can do what we’re doing.”
  • “Hurry because several other venture capital firms are interested.”
  • “Oracle is too big/dumb/slow to be a threat.”
  • “We have a proven management team.”
  • “Patents make our product defensible.”
  • “All we have to do is get 1% of the market.”

Oops, there are eleven items for this Top Ten.🙂

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