A practical problem that entrepreneurs face is too much advice. VC's, peers, bloggers, i-bankers, everyone is doling out advice. How does one segregate bad advice from the good?
As a general rule of thumb do the opposite of what a venture capitalist says. If he says go for market share, do the opposite. If he says build infrastructure because you need to service your best customers better; don't. You will end up spending precious dollars on IT staff and other things. If the VC says outsource to Bangalore; do it internally. Generally speaking, it's pretty good advice to do the opposite of what VCs tell you.
Source ET -Corporate Dosier
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