The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch: 20VC: Box's Aaron Levie on Why Founders Cannot Hedge Their Bets, The 2 Categories of Wrong Decision and How To Avoid Them & The Biggest Dangers of Being Over-Funded as a Startup
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Ozzie: The thing that's not really characteristic, that doesn't really translate from both of my startups to what other entrepreneurs do, is that I think of the challenges I take on as 10-year challenges, not filling a quick market niche. There tends to be some time where I'm building up a level of technological advantage for when we get to market.
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On the downside, viewing things too broadly may lead to a lack of focus. In cash-starved entrepreneurial start-ups, focus is essential. There simply aren’t enough resources to do very many things well.
