Jim Kastama Presentation

The presentation by Jim Kastama was about stories from his life as both an ex-senator and an entrepreneur.  He said he doesn't miss being a senator at all because it was no fun.  He told us some interesting information that hadn't really been mentioned by the other guest speakers in their presentations.  He said that venture capitalists and angel investors want you to fail around 5 times before they really want to fund you because by that point you would have been able to build on the mistakes of the failed attempts to learn how to hopefully succeed in doing a start up.  He also said the biggest risk in entrepreneurship is the question of "can I/you make money" from whatever you are trying to do for a business.  He mentioned the d.i.s.c. personality analysis test and that you should consider diversifying your team with different personality types.  Another quote he gave us was "You're not like everybody else" in regards to personalities, which means to think about how not everyone will think the same as you about decisions.  By using personalities to assist in assembling a team it is more possible to create a successful business.