Experience is typically an asset. But.. I think, at times it can become a hindrance to success. What do I mean? Take, for example, a team that starts a company. They begin figuring things out, listening to the market, learning, making mistakes, focusing on where they succeed. Eventually they persevere,
#213 Family members in a company never work.At least in investor-backed, fast moving, companies. It never turns out well. I’ve seen enough husband-wife, brothers, Father-son, debacles.. I always hear the same “we’re different” excuse. It never works. See also, rule: #214 intimate relationships in business never work.
I recently read an interesting article in the New York Times [http://www.nytimes.com/2008/02/18/technology/18vc.html?ex=1361163600&en=02be5fce4ef897c9&ei=5124&partner=permalink&exprod=permalink] .. A start-up in Silicon Valley has apparently concocted an expert system “the predictor [http://younoodle.com/startup_predictor.php]