Microsoft and Oracle weren’t rocket ships. Who would have thought? They are two of the most valuable companies ever founded, in any industry, in any country. Microsoft took 8 years to reach $50 million in sales; Oracle took 10. It makes you wonder: Is it wise to prepare a business plan featuring steep hockey stick sales projections?

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    The Wall Street Journal has a good piece, based on Christian Chabot’s blog post,...how...
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