Monday, December 28, 2009

Insights from Desh Deshpande

Entrepreneur Desh Deshpande shared some insights on what made him successful. The following are some key points that i've captured:

* Need to stop saying "There are so many problems" and instead say "There are so many opportunities."

* Each time you fail, you increase the chance of success in your next endeavor.

* Venture Capitalist's (VC's) look for uniqueness, not for the "best."

* As an entrepreneur, you must force the issue of money with VC's.

* When asked for 4 keys to success, Desh gave these:

1. Always work with great people.

- They set a new benchmark for you and push you harder

- Look for working with the best people over earning more money

2. Have fun in what you do.

- Never do anything like say you will work really hard for a number of years so the rest of your life is great. Make it great now.

3. Have the guts to quit if you are in a position in which neither of the two prior keys are present.

4. Maintain the financial freedom to quit.

- Either have a lot of money or need less money

- Save money to create an entrepreneurial nest egg

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