Invest in relationships with investors and mentors from "summary" of Do More Faster by Brad Feld,David G. Cohen
Building strong relationships with investors and mentors is essential for success in the startup world. These relationships can provide valuable guidance, advice, and connections that can help entrepreneurs navigate the challenges of building a company. Investors can offer not only financial support but also strategic insights and industry expertise that can be invaluable for startups. By cultivating relationships with investors, entrepreneurs can tap into a wealth of knowledge and experience that can help them avoid common pitfalls and make better decisions for their businesses. Mentors, on the other hand, can provide a different kind of support. They can offer advice, feedback, and encouragement that can help entrepreneurs stay focused and motivated through the ups and downs of building a company. Mentors can also provide valuable networking opportunities and introductions that can help startups grow and succeed. Investing in relationships with investors and mentors is not just about seeking help when you need it. It's about building long-term relationships based on trust, respect, and mutual benefit. By nurturing these relationships over time, entrepreneurs can create a strong support network that can help them weather the inevitable challenges of entrepreneurship.- The success of a startup often depends on the strength of the relationships that entrepreneurs are able to build with investors and mentors. By investing time and energy into cultivating these relationships, entrepreneurs can position themselves for long-term success and growth in the competitive startup ecosystem.
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