The startup world is open to anybody, and it seems like everybody comes through it at some time or another.
I receive calls daily from entrepreneurs seeking to start a business, raise funding, or hire a team member.
I can always tell who is the serious entrepreneur and pretend-preneur – someone who likes the idea of running a startup but is not committed to the work required to make it a success.
That’s important because a pretend-preneur who raises funding will ultimately waste it, and there are too many good startups to spend money on those who don’t see it through.
Here are some telltale signs of a Pretendpreneur
–They are more worried about job titles and credit for the work.
–They don’t seem too focused on the customer and what it will take to make them happy with the product, as that’s a detail to be figured out later.
–They focus on the superficialities of the business and not the core functions of building the product and selling it.
–They look for ways around the hard work rather than working their way through it.
— Problems are everyone else’s fault, and nothing can be done about it.
–They don’t know who their customers are, and it doesn’t bother them.
–They think funding will solve all problems and make life easier after the raise.
–They don’t know their numbers, but someone else in their organization does, and that’s good enough.
Everyone dreams of a successful startup and fundraise, but it takes more than a dream to be successful.
Hall T. Martin is the founder of TEN Capital and a builder of entrepreneur ecosystems by startup funding through angel networks, funding portals, syndicates, and more. Connect with him about fundraising, business growth, and emerging technologies