Corporate executives and business owners need to realize that there can be no compromise when it comes to ethics, and there are no easy shortcuts to success. Ethics need to be carefully sown into the fabric of their companies. Vivek Wadhwa More Quotes by Vivek Wadhwa More Quotes From Vivek Wadhwa Most successful entrepreneurs share their knowledge as a way of giving back. They do not demand compensation. Those who do are usually trying to take advantage of you. Vivek Wadhwa entrepreneur successful giving Over the last 10 years, India's perception has gone from being a beggar country to an economic superpower. Vivek Wadhwa perception country years We must first get over the myth that older workers can’t innovate. Vivek Wadhwa myth workers firsts The goal should be to build a sustainable lifestyle business that does good for employees and customers - and that steadily builds wealth. Vivek Wadhwa wealth goal doe They are blaming the pipeline for their own faults. Vivek Wadhwa company-news VCs can be a bad influence and are not a good role model for students. Vivek Wadhwa business Entrepreneurship is like a computer game in which you have to master every level before achieving success. Startups repeatedly stumble and have to go back to the drawing board. The best way to skip some levels and to increase the odds of survival is to learn from others who have already played the game. Vivek Wadhwa best game you success I became an academic so that I could share my knowledge and experience with students. Vivek Wadhwa experience students share knowledge An open-minded and diverse population that readily shares information, encourages experimentation, accepts failure and dispenses with formality and hierarchy is what makes Silicon Valley the successful hub that it is. Vivek Wadhwa valley population failure information The lesson is, because there will be many lemons in life, to learn to make the proverbial lemonade - and be open and honest. That's the best way of doing damage control and positioning yourself for success. Vivek Wadhwa yourself best success life I used to have an obsession with building businesses and forgot about building health. I was focused on the destination instead of the journey. I caution you to not do the same. Vivek Wadhwa you destination health journey You may not believe in anything called a work-life balance, but your body certainly does. You need to monitor and nurture your body. Vivek Wadhwa you balance body believe Building a company isn't that different from climbing a big mountain. You need people helping you traverse treacherous paths and to lift you up when you fall. Vivek Wadhwa you mountain people fall In the technology world, you have to execute fast or you're out of business. Vivek Wadhwa you technology business world One of the biggest problems that software developers face is that technology changes rapidly. It is very hard to stay current. Vivek Wadhwa stay face problems technology Hiring foreigners is more expensive and more difficult than hiring locals, because of the visa fees and long lead times for visa processing. And companies face a backlash by anti-immigrant groups for hiring foreigners. So they do it only because they have to. Vivek Wadhwa face more difficult long The stereotypical successful entrepreneur is Mark Zuckerberg - the young college dropout who dreamed up a crazy idea while in his dorm room. Vivek Wadhwa room entrepreneur crazy college Student loan debt is the reason I don't advise students who want to become entrepreneurs to apply to elite, expensive colleges. They can be as successful if they go to a relatively inexpensive public college. Vivek Wadhwa student students college want The IPO is no exit for the entrepreneur; it's the start of purgatory. Vivek Wadhwa start purgatory exit entrepreneur The harsh reality is that if you are middle-aged, write computer code for a living, and earn a six-figure salary, you're headed for the unemployment lines. Your market value declines as you age, and it becomes harder and harder to get a job. Vivek Wadhwa value job you age