Steve Brotman of VCBall says that any entrepreneur only needs to remember two rules in order to be successful: "Don't run out of money" and "Don't be greedy with your equity."

Brotman, a successful New York venture capitalist, explains: "The root of every business failure 100% of the time lies in the breaking of one or both of these two rules... the rest really is commentary. I've never heard of a venture failure that did not boil down to breaking one of these two very simple rules. The solution to almost any business problem lies in these two rules as well, if you think hard enough about it."

(Note: Yeah, this post from Brotman is almost two months old, but it's timeless in its wisdom... Just re-visiting some of the folks on the ol' blogroll and ran across this entry.)