Tuesday, October 19, 2004

It's Not the Idea. It's the Execution.

"Always remember that business ideas are a dime a dozen. Just think of the dotcom era of four years ago. But what really matters is the execution and the quality of the team, something the majority of those dotcoms lacked in. I have heard many a venture capitalist say that he or she would rather have an A management team and a B business concept that an A business concept and a B management team. It is not the idea, it is the people, and their ability to execute, that matters. It is not the idea. It is the people, and their ability to execute, that matters."

This was written by:
Ryan P. Allis, 19, is an economics major at the University of North Carolina at Chapel Hill. He is the founder of The Entrepreneurs' Coalition, a non-profit organization dedicated to building an international network of entrepreneurs, founder of www.zeromillion.com, and CEO and President of Virante, Inc. a North Carolina based software development and ebusiness consulting firm

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