#20tweets is tweet-sized advice for startup founders by @manukumar of @k9ventures

1. #20tweets
@manukumar
from @k9ventures

2. #20tweets
Definition of Entrepreneurship:
“Insane perseverance in the face of
complete resistance” :Jack Thorne,
CMU
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 2

3. #20tweets
If you’re in it for the money, you’re in
it for the wrong reasons. Money is the
currency for keeping score. #passion
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 3

4. #20tweets
The greatest position of strength is
when you have nothing to lose.
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 4

5. #20tweets
You can't learn to *really* ride a
bicycle, until you take the training
wheels off. Falling and getting back
up are part of the process.
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 5

6. #20tweets
It is NEVER a bad time and ALWAYS
a good time to start a company. Start a
company when you have an idea you
can't shake off. #AlwaysHard
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 6

7. #20tweets
If you are serious about doing this
company, the best time to incorporate
was yesterday (ASAP is second best).
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 7

8. #20tweets
For a startup, there is no such thing as
50-50. Buck stops with one person.
“A startup is not a democracy” :Frank
Demmler, CMU
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 8

9. #20tweets
Making *a* decision is sometimes
more important than making the
*right* decision. #AnalysisParalysis
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 9

10. #20tweets
Learning from the mistakes of others is a lot
less painful than failing on your own
#AvoidPitfalls #GetGoodAdvice
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 10

11. #20tweets
Don’t hire friends/family. In other
words: Don’t hire someone you can’t
fire.
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 11

12. #20tweets
The three most important (and difficult)
things in startups are: People, People,
People!
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 12

13. #20tweets
Titles are thoroughly overrated. They
change the expectation and behavior /
role to match the title rather than what
the company needs.
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 13

14. #20tweets
Raising money is not an indicator of
success, making money is.
#RightMetrics #RevenueBias
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 14

15. #20tweets
100% of zero is still zero. Your own
sweat, blood and tears, but someone
else’s dime. #OptimizeValue
#CapTableWoes
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 15

16. #20tweets
“You can’t live on dreams, at some
point you have to make money” –
wise words from Mexican
entrepreneur on NPR
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 16

17. #20tweets
A founding CEO should be able to
quote the cos. cash position & burn rate
to the closest 1000 dollars at any time
#CashIsGas
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 17

18. #20tweets
“With great power comes great
responsibility” :Spiderman’s Uncle
Ben!
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 18

19. #20tweets
A bird in the hand may not be your best
choice, if you haven’t explored what’s
in the bush. #KnowYourOptions
#CreateTheMarket
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 19

20. #20tweets
“One you’ve done a startup, you are
ruined for life” :Frank Demmler, CMU
“If you want to be an actor, move to
Hollywood” :Jack Roseman, CMU
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 20

21. #20tweets
When entrepreneurs hit a wall, they
either climb over it, bore through it, or,
go around it #Resourcefulness
about 1 second ago via in person
manukumar
Manu Kumar
© 2010 K9 Ventures 21

22. @manukumar