article thumbnail

How to Avoid a Common Product Mistake Many Teams Make

Both Sides of the Table

I’ve been involved with technology product design in one form or another for nearly 25 years and seen one mistake consistently repeated. The single biggest mistake most product teams make is building technology for what they believe the user would want rather than what the actual end-user needs. Design products for your mom.

Product 408
article thumbnail

Announcing a Deal I’ve Wanted to Talk About for a Year

Both Sides of the Table

I’m super excited to announce that GRP Partners led the investment in Ethan Anderson’s new company MyTime (link has LA-based merchants but will give you a good feel for the product). I first met Ethan in 2005. ” So Ethan went to work as a product manager at Google Video. We like to be able to see the concept.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Brad Feld Drops Knowledge. Here’s What He Said …

Both Sides of the Table

In 2004 / 2005 I was starting to get intrigued with user-generated content. This time frame – 2005/2006 – web 2.0 Product Management – Brad and Mark discuss the role of Product Managers in Startups. So I think the hardest role to fill in a startup is a Product Management role. was starting.

article thumbnail

What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

by Michael Woolf that is worth any startup founder reading to get a sense of perspective on the reality warp that is startup world during a frothy market such as 1997-1999, 2005-2007 or 2012-2014. We’re going to start aggressively spend money on marketing our product. (it is also the title of a fabulous book from Internet 1.0

Burn Rate 383
article thumbnail

There’s Something Abuzz With GoodBuzz

YoungUpstarts

He later worked for eight years at the European Union commission helping to develop the cultural industry in Africa (cultural products being the main exports – and revenue – for poor African countries). Peer-To-Peer Referral Network.

Togo 222
article thumbnail

Does the Size of a VC Fund Matter?

Both Sides of the Table

I saw it myself in 1999-2002 when it was hard to charge for my product because all of my competitors raised large rounds of capital and were giving away their products free fueled by large VC rounds. Irrational prices and over investment in your competitors hurts your ability to build healthy businesses.

article thumbnail

It’s Morning in Venture Capital

Both Sides of the Table

Try charging customers for your product when you have 12 competitors giving the product away free finances by $20 million of VC. LP contributions to VC firms shrunk from 2000 and by 2005-2008 had stabilized to around $30 billion per year. The Exit Problem. Money flowing into our industry has also massively downsized.