I already linked to it, but you should re-read the 2008 TIME interview of BetFair’-s two founders.
Awesome literature, if you are an entrepreneur.
Take 10 minutes today to read that.
BetFair chairman Ed Wray: “-Too many hurdles in the way of enterprise”-.
Wray refers to a tax incentive that he and Black used to launch Betfair after they were forced to go to friends and family for funds, having failed to raise capital from institutional investors.
“-That was very useful in terms of getting the business off the ground. Everything I see now is about cutting back on those opportunities.”-