Sean Wise > Quotes

“There’s a real lesson in the observation that most VC funds have a hit ratio of only 1-in-10 investees becoming successful. But most VC investors are unable to learn from it because they are caught in their own over-confidence.”
― Sean Wise, HOT or NOT: How to know if your Business Idea will Fly or Fail

“The faster you act, the more stable your company becomes and the higher your chances of success. Perfectionists make lousy entrepreneurs.”
― Sean Wise, HOT or NOT: How to know if your Business Idea will Fly or Fail

“Before 2000, proof of concept was often defined as: I turn on the light, and the light goes on, thus the technology worked. Today, proof of concept has evolved, and many Angels (and Dragons) want to ensure not only that the light goes on but also that someone will pay to read under the light.”
― Sean Wise, HOT or NOT: How to know if your Business Idea will Fly or Fail

“The 10x Rule dictates that your solution has to be at least ten times better than current product options to overcome the position of the existing market leader. Being slightly better, faster, stronger, or cost efficient is not enough. Having an idea that someone will be willing to pay for is a nice start, but the way you make it so that everyone will pay for it is to focus on the 10x Rule.”
― Sean Wise, Startup Opportunities: Know When to Quit Your Day Job