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Irrelevant to 99% of Entrepreneurs
Horowitz writes for startup CEOs who raise $20 or $40 million from top VCs. His own history, recounted in the book, shows just how irrelevant his own experience is to 99.9% of entrepreneurs.
This is a book for CEOs of VC-controlled startups. Its lessons are unlikely to apply to real businesses owned by--funded by--real entrepreneurs.
What makes sense for High Finance Entrepreneurship is usually suicidal for 99% of real businesses. VCs make their money by funding and promoting aggressively, and they don't care about losses. That's a luxury Main Street entrepreneurs cannot afford.
Finally, I would urge readers to be cautious of any advice given by a VC. It's typically self-serving and cannot be trusted.
I highly recommend spending time reading Michael Church's essays on VCs and VC-backed startups.
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We're in Bubble 2.0. Guys like Horowitz become celebs so long as the bubble lasts.
In five years I cannot imagine this flimsy book being bought by anyone.
My background: I've been a VC and led two VC-backed software companies. Multiple exits, high IRRs.
March 2014 · Kindle Store