Editor’s note: Derek Andersen is the founder of Startup Grind, a 30-city event series hosted in 15-countries that educates, inspires, and connects entrepreneurs. He’s ex-Electronic Arts as well as the founder of Commonred.
A few years ago I asked a successful entrepreneur for advice on what I should do with my latest product idea. His reply was simple. “Trust your gut. What does your gut tell you?” I confidently replied, “That this is a $100MM business." To which he added, “Then go for it.”
So that’s exactly what we did. We went for it and a year later we didn’t have a $100MM business or even a $10MM business. We didn’t even have a….ok I’ll stop there. But how did I get it so wrong? Is my gut untrustable? Was I wrong to follow it? Or was my stomach just acting up after a recent trip overseas? I recently sat down with Charles River Ventures Partner George Zachary who has had his fair share of big successes.
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