My reflection

Post date: Apr 15, 2012 4:8:4 PM

I've met the class for 3 lessons already and noticed something about the class. Like many previous classes that I had, the students generally have poor sense of responsibility. Class always cannot start on time because they are always late. Even if they have good reason for being late or absent, they were seldom informed in advance. As a VC, I'll never invest in a company with entrepreneur that does not have good sense of responsibility.

I had also notice lots of false confidence! I do think confidence is good but false confidence is deadly. One should be confidence when they have enough experience and also done lots of homework already. But if they haven't done enough research yet simply showing confidence, it would be deadly. Running real business is such a pain and full of pitfall and unforeseen hurdle that one should not take it too lightly.

Despite all the disappointment I have with the class, I must say that this class has more interesting business ideas that previous classes. However, I have to said, "idea is cheap, it is the execution that counts". I hope that they will not take this course too easily. Good idea is only 10% of the success.