What to develop? What to keep at a business pitch? how to maintain a balanced life?
The following are some meaningful Q&A with Erez Pilosof one the founders of Walla (Israeli web portal ) and Yair Goldfinger one of the founders of ICQ (Mirabilis).
Erez Pilosof's tips:
"Develop what you love. The Founder of Ferrari said: 'I build cars myself, if people like them, it's a bonus'."
How do you balance the entrepreneurial life?
"You have to work hard and find your true soul mate".
For a conclusion, what tips can you share with us for a Successful Business Pitch?
"You better come up with a working prototype or Mockup (Model)".
Yair Goldfinger's tips:
Not in Israel. It's a small meaningless market. Select a Large and significant market.
How do you know what to develop?
If you are developing a product for consumers, do it with as many friends, and preferably not just those from your home land. If it is for companies do it with potential customers.
How to choose a partner?
Choose people you know and trust. Beware from those you just met. Better with the second or third best friend.
From whom do you take the initial funding?
"In today's reality, simply the one who like to give. Make sure you give special priority to professional angels".
How to register a patent?
"Write the name of the entrepreneurs in the PCT (Patent Cooperation Treaty). It important to do it in the very beginning, to get a Priority".
For a conclusion, what tips can you share with us for a Successful Business Pitch?
"Short and cut the bullshit. emphasis the problem, market size, solution, why should it be you, marketing channels, funding and competition".
