I frequently see disconnects between founders ("This business is going to change the world") and venture investors ("Really? You are super smart and I love your enthusiasm but I respectfully disagree") after a business has already been financed.
Even good communicators average only about half their time listening. Yet experts assert that most people listen with only about 25 percent of their attention, hear about 25 percent of what is said, and after two months, remember only half of that.
So today's lower start-up costs should mean lots of new companies leading to lots of new jobs. But that's not happening. The traditional venture capital system is choking on the sudden ease with which companies can be founded.
Over the last fifty years, I have come across and worked with an array of entrepreneurs from a variety of industries, and I have noticed that there are certain preventable blunders that seem to crop up repeatedly.
I've sometimes thought of the venture capital industry as a bunch of bettors standing around a roulette wheel. There are enough people and enough money to bet on each number. On every spin of the wheel, most will lose their bet, but one person will also win a 35:1 payout.
I've started to familiarize myself with the terminology necessary to operate in this world of building a business. I realized that women in particular are very disadvantaged by not knowing this language.