HARRY: Most businesses start out undercapitalized. I've done it – really – coming from a position where I should have known better. I was a corporate finance lawyer. My other partner, Lenny, was a CFO of a $200 million company (yet) we were grossly undercapitalized. And it's because optimism rules amongst entrepreneurs.... you know, the general rule – we used to call it Art's Rule after Art Minella who was one of the lead partners of the law firm ... it's going to take longer and it's going to cost more.

So be really rigorous in your business plan. Figure out how much capital you're really going to need, then add to it because it's going to take more just because it's going to take longer. And usually the early years of a company involve losses.

The third thing I would say is that you have to understand that while this may be the most wonderful experience of your life, you might be in for five years of the most abject misery before you get there. It's really tough to start a business. And I think anyone who's started a business would say the same thing. It was a heck of a lot easier starting Sundance with the capital we had behind us and with Robert Redford supporting us than it was when three guys named Lenny, Stan, and Harry started Right Start.