Entrepreneur Advice Quotes

Founders go wrong when they start to believe their business plan will materialize as written. I advise entrepreneurs to burn their business plan - it's simply too dangerous to the health of your business.

Young entrepreneurs should spend an awful lot of time thinking about what they want to go into.

By the way, that's my number one piece of advice if you're going to join a startup: pick a rocket ship.

My advice for any entrepreneur or innovator is to get into the food industry in some form so you have a front-row seat to what's going on.

There are a few books I can recommend, but one you should read for sure is 'Do More Faster,' a book full of advice for young entrepreneurs. Looking back at the early days of Booking.com, I recognize a lot of things that feature in this the book - like 'fail fast, learn quickly.'

Talk to successful entrepreneurs. Learn about what they've experienced so you can avoid some of the pitfalls that come with wealth.

Seeking an acquisition from the start is more than just bad advice for an entrepreneur. For the entrepreneur it leads to short term tactical decisions rather than company-building decisions and in my view often reduces the probability of success.

What would I advise an aspiring young entrepreneur? Certainly I'd say read the works of great entrepreneurs and investors like Ben Horowitz, Peter Thiel, and many others. But what's more important is to get real experience at a great startup.

I tell aspiring entrepreneurs all the time: Validate your idea locally. Get some experience under your belt. Prove your idea has legs where you are. Spend some time as a big fish in a small pond. Demonstrate that there's a there there... there. Where you live.

If you're an entrepreneur and you think that the president makes a difference to your business, you should stay at your current job.

Be careful not to start a company that really belongs as a feature of another company, like the 25 Twitter URL shortener companies out there. Pick a real problem that's here to stay.

What I would say to young entrepreneurs is there's so many moments in your life where you have these dreams, and people are trying to protect you, and they say, perhaps, friends, family, parents sometimes, they don't agree with it, they think, 'This is just too high of a hurdle.' And I don't agree with that.

Usually, what I recommend to entrepreneurs is to focus on telling the problem first, about the customer or the person who has that problem.

If the investors themselves are not sophisticated, if they themselves are not putting a lot of their own money to work, if they themselves don't understand the continuum of capital and how different parts of the capital structures react differently, then they're basically worthless. They're not going to give great advice to these entrepreneurs who then need it. So that is unfortunately the cycle we're in and we have to break the cycle.