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As small companies, neither startup could afford to extend their product alone, but through creative leadership, we were able to negotiate a win-win strategic partnership for a joint product. As a result, we shared in capturing a new high-end market, without major new marketing or development.
As small companies, neither startup could afford to extend their product alone, but through creative leadership, we were able to negotiate a win-win strategic partnership for a joint product. As a result, we shared in capturing a new high-end market, without major new marketing or development.
They were started in affiliation with IdeaLab and were the first-round lead in PayPal. Hyper-local, flash marketing platform connecting consumers with local business offers; super majority of offers are restaurant and personal services; competitor to Groupon. the funding and market coverage. LivingSocial. Read more: TechCrunch.
A startup can benefit in various ways from having a strategicinvestor involved in their company, but there are plenty of drawbacks too, both commonly known and more subtle. On the flip side, simply taking strategicinvestor capital because it’s there or it’s easier or cheaper than other capital rarely works out well for startups.
or look for major large chunks of money from partnerships or strategicinvestors? I went to an affiliatemarketing meetup recently (kind of by accident) and was knocked out of my chair by the size and sophistication of this world. It hasn’t decreased the need for innovation, salesmanship or marketing prowess.
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