Kellblog · 2006-10-03
· 7184d
Ten Geek Business Myths: Debunking Common Misconceptions in Software Startups
Dave Kellogg analyzes Ron Garret's ten common myths about starting tech businesses, including misconceptions about ideas, execution, capital requirements, and competition. Kellogg provides practical counter-arguments based on his experience at Business Objects, Salesforce, and other enterprise software companies, emphasizing that execution and timing matter more than ideas alone.
Metrics in this report
Capital Investment in Failed Category
100$M
total across ventures
Object DBMS category after Oracle's success in 1980s
Competitive Entrants in Same Category
5-20companies
typical range
VCs investing in same category simultaneously
Initial Venture Capital for Software Startups
4$M
example minimum
Business Objects founding capital
Success Factor Attribution
10-90%
split
10% inspiration (idea) vs 90% perspiration (execution)