Yossi Vardi is a legendary Israeli entrepreneur well known for, among other thing, selling ICQ to AOL in 1998. He is part of our events alliance and one of these guys who consistently challenges your seriousness during during meetings as he never stops cracking jokes. This quote from a Business Week interview is particularly brilliant:

BW: When you go to invest in entrepreneurs and new ideas, what do you look for?

Yossi Vardi: let me start by telling you what I don’t look for. I don’t look at business plans. After 38 years I’ve found that 100% of business plans say that their idea is very good. I think they are useless. I found the more I liked the idea the bigger my losses were. I don’t like demonstrations because the young guys showing me are so enthusiastic they think it is the greatest thing in the world—at least in their life, and if you don’t fake an orgasm, they go away very disappointed.

Link (thx Monique for the pointer)

This entry was posted on Saturday, January 12th, 2008 at 8:31 am and is filed under entrepreneurship. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.