It took Kevin Leversee and his first startup company two years to get an MBA in How NOT To Do It. He shares:
FORGET THE STARTUP CONTESTS! = Focus on your Business!
Social Media Buzz is good but worthless if you have nothing to sell.
Focus on the product, and the business need = what are you solving?
Remember you are a business: Sell more, to more people, more often for more money.
EVERYTHING ELSE IS A WASTE OF TIME.
In hindsight, the wisdom, experience, and insight gained in those two years is priceless. What’s more important is what one does AFTER that eureka moment, when the proverbial apple falls on your head.
Read the whole article on the Startup Dragons Blog: Debunking Myths > Forget the Contest Focus on the Business