I think the biggest myth entrepreneurs have is that the growth and performance of their startups depends more on their entrepreneurial talent than on the businesses they choose.

One thing that in my reporting that I found and was amazed to find was that, as far as I could determine, neither high-level White House officials in the Bush administration nor even the top brass at the CIA even knew the history of water boarding when they approved it.

The median startup is a business that's capitalized with about $25,000. The financing of that business comes from the entrepreneur's savings. The business is a retail or personal service business, a hair salon or a clothing store, that kind of thing.

Scott Shane Quotes