Below is the 5th chapter of entrepreneur and VC Bo Peabody’s book, LUCKY OR SMART: Secrets For An Entrepreneurial Life. Before you read this chapter, you might want to read a quick overview of Bo’s experience of founding his first company, Tripod: How To Start A Company In Your Dorm Room And Make $580 Million. WITS Zen curates a series of chapters from VC Bo Peabody’s book from Business Insider . Click here for Part I , Part II , Part III , Part IV . Now, Part V is here.