28 Dec '11, 2am

“Running startup companies is not about success, it's about minimizing

“Running startup companies is not about success, it's about minimizing

Steve Wozniak’s comment on Singapore not being creative enough was also brought up during the lunch with Trevor. Trevor put it clearly that he disagreed with Wozniak , but there are things that could be done better. ”In terms of the risk taking profile, people have to be encouraged to fail. Failure is okay. I always tell people that running startup companies is not about success, it’s about minimizing failures. If you minimize more failures than the other guy, then you’ll probably win,” said Trevor. According to him, the Silicon Valley approach of investing in the best people, with the best product, with the biggest market opportunity is the winning philosophy. Everything is about the person, the founder. US venture capitals, such as Sequoia Capital, stick with the founder from Day One until the last day, be it an exit or closure of the company. The best venture capitals, ...

Full article: http://e27.sg/2011/12/28/running-startup-companies-is-not...

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