Article 7 – Common Ground April 9, 2010Posted by Lawrence Lenihan in Uncategorized.
The common ground here is a simple four step plan: 1) listen, 2) think, 3) respond, 4) repeat. When you are launching a new business in a new market with a new product and a new business strategy, I can assure you that not everything is going to work. Great innovative companies experiment, learn and grow. If every experiment worked, they wouldn’t be experiments!!! So, we VC’s have to expect you, the entrepreneur, to fail on occasion. Don’t hide the fact when something goes wrong – tell us so we can be part of the solution.
By recognizing this fact and having a regular dialogue (look at the definition again) there is nothing that we can’t achieve together!