If you can't come clean and tell investors how and why you failed, that raises a red flag. They need to see that you learned from it and came back stronger.

If you aren't living your dreams then you're living your fears.

It is very, very hard to do that ballroom dancing and I am going to be nowhere near it. Now if you have a hot dog eating contest, call me.

I think it's only failure if you put the word failure on it. I think it's part of the process of learning where you're going to go and what doesn't work.

A savvy entrepreneur will not always look for investment money, first.

While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues… In other words, they don't have the financial literacy to scale their businesses and attract investors.

Pioneers get slaughtered, and the settlers prosper.