We continue the long, slow, and circuitous route of trying to start this venture. Coming from a banking background, the most frustrating part is that we have not ground out the details. I understand what the overall vision of the Company is (though that too is still subject to change and may be the subject of another post) but I want to see progress and definition in writing; business plans, roles & responsibilities. Only then will I feel comfortable that progress is being made. Is this normal? Is this how most entrepreneurs think? Rajesh Jain believes that the entrepreneur should be a visionary and not be fully focused on the bottom line. If the idea is innovative enough, the money will come. He has 16 more years of experience on me and I am just escaping banking, but I feel like the innovation is only half the battle. Reading tech and VC blogs has taught me that many people have excellent ideas but you have to ultimately translate that into a model that can generate cash quickly or generate market share quickly – which will ultimately generate cash.
Sunday, December 3, 2006
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