- They mistimed or misunderstood the market or
- They backed the wrong CEO.
The trick is finding the entrepreneur/CEO who fits in-between these worlds and has the following characteristics baked into his/her DNA:
- Resourceful
- Relentless
- Creative Thought
- Responsive
- Proactive
- Honest/Open Communicator
- Justified Confidence
- Strong Domain Knowledge
- Respect for Downside
- Leadership/Inspirational
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