Boston-area venture capitalist Chris Lynch knows a thing or two about how to run a successful business.
Instead, what he wanted to share with the crowd of startup founders was the idea that failure is not only inevitable, but important, when it comes to entrepreneurship.
Here are five takeaways for startup founders from Lynch, now a venture capitalist at Cambridge-based venture firm FKA Atlas, the tech-investment arm of Atlas Venture.
- There's a right way to deal with failure.
- Be honest, always.
- Be choosy when it comes to accepting investment.
- Pick the right investors.
- Raising money shouldn't be the end goal.