Jason M. Lemkin says founders should find one or two great mentors to help with the two or three biggest decisions each quarter: whether to raise capital, increase risk, sell, or form partnerships. Mentors will be blunt and unpaid. Be heat-seeking in finding people you can actually rely on.
Point 4 is really a meta point on what we've been talking about but go find that great mentor. Go find now ask yourself do you really have this person? Do you have someone you can talk to about two to three decisions a quarter for real the one to talk to about the two or three things that matter. Should I invest my limited capital there? Should I make this risky higher? Should I sell my company? Should I raise the round? Should I partner with some someone that might compete with me? Find one or two people that you can ask these tough questions to and sometimes the answers are tough sometimes these folks are are more abrasive and you've got to ask them because you probably can't pay them enough to help you. You probably can't motivate they have to want to do it but whatever it does be a heat seeking missile and find one or two great mentors that you can work on the couple tough decisions a year.
