Harvard Business School’s Bill Sahlman: What I’ve Learned Reading 10,000 Business Plans and Investing in Hundreds of Startups (repost) (#111)

Of the 10,000 business plans Bill Sahlman has read, only 3 companies met their plan. Find out what it takes to succeed. Entrepreneurs have to be really good at running tests and execution trumps idea. Jeff Bezos is the most effective experimentalist in history. Bill Gates did not invent word processing, the spreadsheet, or presentation graphics; rather he took ideas and out executed everyone else.