Wednesday, September 24, 2008

"Truths" from a successful Internet entrepreneur

Justin Kitch, founded and grew Homestead Technologies for 11 years before the company was acquired by Intuit in 2007. One of his passions is working with other people starting and growing companies and he has put together a list of "truths" that he says he's "pretty sure anyone starting a business should ignore at their peril." Below is the list, hes going to be expanding on these over the next few weeks at his blog, CEO Unplugged.

1. Think web first.

2. Have a human capital strategy.

3. Find a channel, then build a product—not the other way around.

4. Plan now for success—or it will never come.

5. Raising money is not your biggest problem, being able to spend it appropriately is.

6. You're not thinking big enough!


This list is going to be especially relevant over the next few weeks as the Golden Capital team works with early stage companies to prepare them for the 8th Annual Silver & Gold Venture Capital Conference in Reno. Not all of the "truths" above are going to apply to everyone, but as is often said, "think of the source of the information," in this case, it's a pretty good one.

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