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Startup Strategy Roundtable: Validate Your Ideas
I started doing my free Online Strategy Roundtables for entrepreneurs in the fall of 2008. Based on this work, I've been able to draw a few conclusions.
First, a good percentage of entrepreneurs don't bother validating their ideas. Another percentage are immediately interested in raising money. Raising money without validating the business is pretty much impossible. If we can address some of these patterns we have a chance at significantly reducing infant entrepreneur mortality.
At this morning's roundtable I worked with four new entrepreneurs, and this is what I learned.
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