HOT or NOT Quotes

“Before 2000, proof of concept was often defined as: I turn on the light, and the light goes on, thus the technology worked. Today, proof of concept has evolved, and many Angels (and Dragons) want to ensure not only that the light goes on but also that someone will pay to read under the light.”
― Sean Wise, HOT or NOT: How to know if your Business Idea will Fly or Fail

“The faster you act, the more stable your company becomes and the higher your chances of success. Perfectionists make lousy entrepreneurs.”
― Sean Wise, HOT or NOT: How to know if your Business Idea will Fly or Fail

“There’s a real lesson in the observation that most VC funds have a hit ratio of only 1-in-10 investees becoming successful. But most VC investors are unable to learn from it because they are caught in their own over-confidence.”
― Sean Wise, HOT or NOT: How to know if your Business Idea will Fly or Fail