Five Universal Principles for Startups

2min read Five Universal Principles for Startups

Startups are great.  They provide new careers.  Will constitute new jobs.  They are the path to the next generation, but it’s not for the fainthearted.  There are five universal principles in the world of startups:

1. It always takes longer than you think — this goes for building the product, closing the sale, and growing the market. 
2. It costs more than you thought — most entrepreneurs are off by a factor of 10 when it comes to estimating the time to complete the software, the work required to raise funding, and the effort needed to close the sale.
3. There’s always a better idea — no matter how great your idea is, there’s always a better one — it’s called progress.
4. The journey is the reward — in retrospect, building the company is the best part of having a company.
5. The team is what you will remember — products come and go, and markets go up and down, but the team and the relationships you build will stay with you in the long run. 

Read More TEN Capital Education Here

Hall T. Martin is the founder and CEO of the TEN Capital Network. TEN Capital has been connecting startups with investors for over ten years. You can connect with Hall about fundraising, business growth, and emerging technologies via LinkedIn or email:

, ,
Previous Post
The Three Levels of Due Diligence
Next Post
The Contractor Startup: Why it gives the investor pause

Related Posts

The Contractor Startup: Why it gives the investor pause

2min read The Contractor Startup: Why it gives the investor pause I hear many entrepreneur pitches, and the one point that stops the conversation cold comes when the entrepreneur says he can start building the business just as soon as…

How do VCs Make Money?

2 min read Many individuals looking to enter the investor realm will consider becoming a venture capitalist. This can be a profitable endeavor, however, it does come with unique challenges and obstacles to overcome. In this article, we discuss some…

Startups: Do You Need an Advisor?

2 min read Many startups collaborate with an advisor at some point in the process of their development. Advisors can aid startups in many ways, yet always come at a cost. In this article, we discuss how to know if…