There is no such thing as a "typical" entrepreneur. We come in all shapes, sizes and flavors. Still, myths abound, and most of us walk around with a specific caricature of what an entrepreneur is like in our minds
Startups typically think about raising capital via convertible debt early on in the life of a startup. They want to move fast, keep transaction costs low, and it is often easier to get the round done with a convertible note than a seed or series A round.
Telling powerful entrepreneurs' stories and aggressively educating people on how to start a business may have more of an impact on reducing our unemployment rate than some subtle or complicated change in tax policy.
Patents don't generate revenues, the ideas they protect do. If your idea truly is something that hasn't been thought of before, than run with it for a while before you spend time trying to secure a patent.
The euphoria of having a working partner to share the responsibilities, coupled with the cash to grow the business, evaporated in less than six months. By that time we were in court, the company had lost all its business and I was left with a nothing.