Entrepreneurs lie to catch business! We know that – here are the top most lies of entrepreneurs.
1# Our projections are conservative. An entrepreneur’s projections are never conservative.
2# (Big name research firm) says our market will be $50 billion in 2010.
3# (Big name company) is going to sign our purchase order next week.
4# Key employees are set to join us as soon as we get funded.
5# No one is doing what we’re doing.
6# No one can do what we can do.
7# Hurry because several other venture capital firms are interested.
8# Oracle is too big/dumb/slow to be a threat.
9# We have a proven management team.
10# Patents make our product defensible.
11# All we have to do is get 1% of the market.
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