In her role as a volunteer with the 1M/1M project, Irina Patterson has counseled dozens of would-be entrepreneurs and talked to angel investors around the country. The Miami-based technology communications consultant says her goal is to keep nascent entrepreneurs from giving up on their business ventures. But she says entrepreneurs who fail to validate their ideas in the marketplace and investors who don't take them seriously are common obstacles to that goal. Patterson spoke recently to Smart Answers columnist Karen E. Klein. Edited excerpts of their conversation follow.
Karen E. Klein: What is 1M/1M?
Irina Patterson: One Million by One Million is a Silicon Valley-based global initiative that aims to help 1 million entrepreneurs globally reach their first $1 million in revenue. It was created by blogger and author Sramana Mitra. She asked for volunteers, so I raised my hand, virtually, and became one of the first ambassadors.
To read the full, original article click on this link: Stop Making These Startup Mistakes - BusinessWeek
Author: Karen E. Klein