From a Financial Times Q&A with Richard Branson:
What do you look for in an entrepreneur?
Kelly Hann, Sindy Calay, Manoj Kulwal, Michael C Dowling and JG
Sir Richard: Restless questioning, the ability to ask the question ‘why not?’ rather than just ‘why?’ – and the ultimate determination to say: ‘Screw it, Let’s do it!’
However ultimately, the entrepreneur will only succeed if he or she has good people around them and they listen to their advice. My colleagues know me as Dr.Yes because I always find it hard to say ‘No’ to new ideas and proposals. I rely on them to guide me but ultimately. I’m also prepared to trust my intuition, as long as I feel it is well informed.
There, in a nutshell, is also the difference between your average VC and your average entrepreneur. Most VCs go to meetings thinking “No” and only glacially and rarely have that turn into a “Yes”; most entrepreneurs go to meetings thinking “Yes” amd have to be convinced back into “No”. Who do you think would be more fun to hang with?