HBR – Larry Cheng, a partner at Fidelity Ventures, emphasizes that great entrepreneurs possess passion, perseverance, and meticulous attention to detail. Successful venture investments align with personal interests and prioritize value creation beyond capital. Cheng advises founders to focus on clear priorities to avoid diluting their efforts and underscores the role of luck in entrepreneurial success. Failure, he notes, is an essential learning experience.
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