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What entrepreneurs can learn from Christopher Columbus

October 11th, 2010

I think Christopher Columbus day is really a celebration of discovery. I also believe that the goal of entrepreneurs is to discover a repeatable business. So, what can entrepreneurs learn from Christopher Columbus?

1. The most transformational ideas are crazy. I mean, reach the far east by going *west*?
2. The funding for most grand discoveries often comes from angels, who do so for commercial reasons principally
3. You will probably discover something different than what you originally set out to find (and it may take awhile before you figure out what it is that you’ve discovered!)
4. Even when you find something amazing, you won’t necessarily end up rich

Draw your own conclusions!

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  1. Ramesh Haridas
    October 11th, 2010 at 15:13 | #1

    Good post. I think Columbus is an inspiring example for entrepreneurs. A couple of observations that many entrepreneurs should be able to relate to – 1) It took him a long time to raise funding; and 2) He found hiring incredibly challenging!

  2. October 11th, 2010 at 15:44 | #2

    Awesome–if you think convincing people to work for you start up is hard, imagine trying to convince people to sail off the edge of the world! Thanks for your comment.

  3. June 25th, 2012 at 17:58 | #3

    “.. imagine trying to convince people to sail off the edge of the world!”

    That's hilarious, Michael. :-D

  4. June 25th, 2012 at 23:58 | #4

    “.. imagine trying to convince people to sail off the edge of the world!”

    That's hilarious, Michael. :-D

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