What it actually takes to make it as an entrepreneur ?

A piece of modern art hangs on the wall within Communitech in Kitchener's historic Tannery District in Kitchener, Ontario, March 18, 2014. Kitchener, historically the blue-collar twin to the university city of Waterloo, is today home to chic offices such as the Communitech building - a converted brick structure in the the historic Tannery District, adorned with modern art, which acts as an unofficial clubhouse for many small tech companies. Picture taken March 18, 2014. REUTERS/Euan Rocha (CANADA - Tags: EDUCATION SCIENCE TECHNOLOGY BUSINESS) ---- (Euan Rocha/Reuters)

A young male who was born to be an entrepreneur drops out from a computer-science program at a prestigious university.  He meets a powerful venture capitalist who is so enamored with his idea that he gives him millions of dollars to build his technology.  Then comes the multi-billion-dollar IPO.

That’s the Hollywood version of Silicon Valley.  But it is as far from reality as is Disneyland.  Entrepreneurship is never that easy and the stereotype of the startup founder is not representative of the technology world.  Yes, there are a few, such as Mark Zuckerberg and Bill Gates, who made it big.  But they are the outliers—and they too don’t fit the stereotype. Here are six myths about what it actually takes to make it: Continue reading

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