Building a Startup Requires More than Genius and Invention

circa 1931: German-born physicist Albert Einstein (1879 - 1955) standing beside a blackboard with chalk-marked mathematical calculations written across it. (Photo by Hulton Archive/Getty Images)

Many entrepreneurs assume that an invention carries intrinsic value, but that assumption is a fallacy.

Here, the examples of the 19th and 20th century inventors Thomas Edison and Nikola Tesla  are instructive. Even as aspiring entrepreneurs and inventors lionize Edison for his myriad inventions and business acumen, they conveniently fail to recognize Tesla, despite having far greater contributions to how we generate, move and harness power. Edison is the exception, with the legendary penniless Tesla as the norm.

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