Early Facebook investor and Paypal billionaire, Peter Thiel, revealed two key pieces of advice he gives aspiring entrepreneurs and investors this week at the Atlantic Aspen Ideas Festival. They can be distilled into two simple quotes:
To investors — Buzzwords should be a red flag
“If there are too many buzzwords in a presentation, that’s always a warning sign … Big data, cloud computing, if you hear those words you need to think fraud and run away as fast as possible.”
Thiel told Atlantic Media owner David Bradley that buzzwords are a sign that the company doesn’t have a clear direction and that they’re chasing someone else’s ideas. A good business idea should be able to stand on its own without trendy buzz words. Read more: click image or title.
Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more: