Bob began his career at the US Department of Justice before becoming a partner at the international law firm Milbank, Tweed, Hadley & McCloy. He founded a technology venture that developed 3D graphics software & hardware systems. It was acquired by Viewpoint, of which he became CEO. Bob co-founded & served as Commissioner of the Professional Chess Association. Bob is Managing Partner of Tangent Capital & serves on the boards of EULAV Asset Management, Jubak Asset Management, & the Board of Advisors for Gust. Bob is a frequent speaker and the author of Three Moves Ahead.
The best thing an entrepreneur can do while they're waiting to hear back from investors is: go talk to more investors.
The thing that motivates the best entrepreneurs is the desire to create something--not to make money--Wall Street is full of guys that just want to make money.
If you've thought of a good idea, I can guarantee you 10 other people have thought of the same exact idea at the same exact time, and it's a race.
Maybe instead of attacking the consumer market it's better to go after the industrial market, or maybe it's better to try an create a strategic partnership with someone.
The important thing about failure is what you take away from the failure. It is understanding that you can fail.
The business plan never, ever goes like you expect it to go.
I genuinely believe that failure is an essential element of success and doing your best. People who have never failed at anything simply haven't been trying.
You can't bug investors, you can't press too much, it makes you look too much like an amateur, which you don't really want to do.
All of us have terrible flaws as managers and business leaders, all of us do. Those who don't realize it are going to fail.
Way too many people think they can draw a cool idea up on a white board and poof it's gonna turn into a ton of money. I want somebody who is going to go out there and compete with the money I'm giving them.
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