Come see me at SatyaMurthy.com

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• If you cant look at other entrepreneurs and learn – then don’t look at them. Jealousy (or self pity) will kill you in this business!
• When you look at facebook and twitter, your imagination must run wild… you heart might say, I wish I could come up with an idea like that. Well here is the truth – don’t try and create something for the entire world – break it down. Remember the British – divide and conquer!
• Companies like facebook were never created for the world – they tried to address a small, specific need – and it just happened to become big. And – NO – it didn’t happen overnight!
• I see most entrepreneurs trying to sell the product before its fully functional or useful! Give it some time – its good to talk about it – but pls for gods sake don’t spam the networking sites, your friends and families mail boxes.
• Don’t copy – After the success of FB and twitter, there came some 100 scripts which can the do the same – what’s the point? Its good to have a niche social networking site about cats or fashion or women in games or what not – but thinking that you can replicate the success of twitter and FB or MySpace is madness – you will end up like orkut – neither dead or alive!
• Don’t burn yourself – if you are making a decent salary and working for someone –great – keep doing that until you really really have to quit! thinking that you can survive on the revenue from adsense is crazy talk!
• Say yes to venture capitalists – money in all forms is good – if a VC is ready to fund you, I’d say take it! Don’t listen to people telling you about “how VCs will take the control away” that’s nonsense! Having that extra $ or Rupee in your pocket will only help you be a little bolder and experiment with you company/product. Remember, you want to stay alive in today’s business – keep reinventing your products/ideas.
• Lastly – marry as many people as you can in your business, its good to have people who believe in you and can advise you in crappy times. You will need more than a couple of shoulders to cry on if you are an entrepreneur – that’s how this game is!

Don’t take on the world all at once, take once city/district/state/country at a time! My 2 cents!

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