Looking at startup news publications such as TechCrunch or Mashable, a new entrepreneur might think that every startup raises capital and walks away with MILLIONS in their pockets after a quick and easy overnight success followed by an acquisition by Google or Facebook. These sensationalized stories are actually very misleading and do not represent the daily grind of startup life.

Here are some of the common startup myths debunked:

1. You MUST Be Technical

Being technical is pretty important if you’re planning on starting an internet startup. So if you’re not technical, it is a good idea to learn at least some technical skills. Dennis Crowley, founder of Foursquare, was non-technical before he founded his first startup, Dodgeball, later sol...