Exploiting uncertainty is the essence of entrepreneurship
1. Climbing the North Face
The higher you aim, the higher you go
You can't learn to swim by exercising on the beach
3. Calibrating opportunities
If you pick a provincial line, you arrive at a provincial destination
A second bounce usually follows a change in the trend or in the cycle
5. Leading a winning team
Adapt your role to the needs of the firm, not the other way round
Don't just raise cash, raise your probability of success
7. Ego, intellect and intuition
Ego is a turbo-charger, not a navigation system
8. Chance, perseverance and luck
Luck is seldom just a matter of chance
Principles have a cost, but they are always a bargain in the end
Succession is a process, not an event
