Many busy people like to say, Time is money. But the difference between regular time and entrepreneur time is substantial.

When I ran my first venture capital fund, I invested into a young entrepreneur who had great visions of being the next major high-tech player in Silicon Valley. Despite his inexperience as an entrepreneur, I funded him for $250,000 to get him going. He was developing groundbreaking technology in an emerging, dynamic and rapidly changing marketplaceand being a complexity s...