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Agile Development: launch an MVP early and iterate quickly. But when it comes to launching a Minimum Viable Product (MVP) these days, as incremental and iterative prototypes, things have changed significantly: Capital abundance: There’s never been more seedcapital in the market.
Provide early seedcapital, and be the ones to make those introductions. Thank you @ericries for drastically altering my perception of agile startup Thank you all so much for your kind words. Accept that many successful companies are going to want to be backed by big-name firms in other cities. And do your customer development.
A number of blog posts recently have mentioned this, but we seem to be experiencing a rise in repeat founders starting new businesses and raising seedcapital. Their early hires are probably much stronger too, which allows for better execution as well. Third, repeat founders are likely to execute at a much higher level early on.
A company developing software would have to buy computers and license software from other companies and hire the staff to run and maintain it. Risk capital has emerged in China, India and other countries where risk taking, innovation and liquidity is encouraged, on a scale previously only seen in the U.S.
In this business environment, hiring a new CEO who had experience growing a company around a single technical innovation was a rational decision for venture investors. A company developing software would have to buy computers and license software from other companies and hire the staff to run and maintain it. That’s no longer the case.
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