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December 05, 2006

Ideas vs. Opportunities

Ideas

Serial entrepreneur and angel investor Audrey McLean was part of an entrepreneurs panel today in our Formation of New Ventures class. She had a great sound-bite concerning aspiring-entrepreneurs coming to her with 'ideas'.

"I don't care about ideas, I care about opportunities. You need to know what problem you're solving and which people you're solving it for. And are there enough people who have the problem who will pay enough to make a sustainable business."

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