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Monday, July 05, 2004

DFJ: "7. Get a customer. That should have been earlier. A customer is absolutely critical to your success because you need the feedback.
8. Now, go get another customer so that the first one doesn't own you."

According to Amar Bhide (info posted yesterday) DFJ's #7 step is usually step #1 for the successful startup.

Is the venture capital approach practiced by DFJ and preached by the Small Business Administration and nearly every business school in the country killing the true entrepreneur?

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