You've started many companies. What lessons have you learned about starting a business?
Internet in Business mentor Bradley Feld responds:
I think mentors are more important than ever. The greatest way for a first-time entrepreneur to quickly get up the learning curve is to have an awesome mentor; get one or more mentors and use them. Even though I have started many companies, I still seek out great mentors to help me get to the next level. I've also been blessed because several of them have started businesses with me.
It's okay to make mistakes. Take chances, but learn from others. Build a strong team. Make sure everyone knows the company mission as well as their roles and responsibilities.
It takes a different skill set to create a company than it does to run one. I'm actually very comfortable running companies and do it when necessary,but I much prefer to start them. But for others, running a start-up is much more exciting. I just happen to like being a venture capitalist.