Besides from the excellent food by my fellow Malaysians in Seattle, I was also there to work and attend the National Business Incubator Association (NBIA) Annual Conference
(this is very much for the Eisenhower Foundation staff to read just to show them that I am working :-))
Some of the lectures were pretty basic but there was some that was very interesting.
One of these lectures, was about the 25 mistakes start up companies make. A very senior and experience Incubator was presenting the 25 mistakes. After the presentation it dawned on me that none was about the Idea but more on execution. When asked, he admits that you can have the most brilliant idea but it is execution that matters most.
So my message to the Venture Capitalist at home is that the idea is not everything but the execution and the people behind the idea.
Thursday, April 12, 2007
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