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I’ve watched the Valley go from Microwave Valley – to Defense Valley – to Silicon Valley to Internet Valley. the wave of semiconductor startups in the 1960’s/70’s, the emergence of Venture Capital as a professional industry, the personal computer revolution in 1980’s, the rise of the Internet in the 1990’s and finally.
Provide early seedcapital, and be the ones to make those introductions. And do your customerdevelopment. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Accept that many successful companies are going to want to be backed by big-name firms in other cities.
If you’re a scalable startup, you want to spend small amounts of money (seedcapital) as you run experiments testing your hypotheses. In times of unlimited cash (internet bubbles, frothy venture climates) you can fix your mistakes by burning more dollars. Why small amounts? No startup ever spends less then it raises.
If you’re a scalable startup, you want to spend small amounts of money (seedcapital) as you run experiments testing your hypotheses. In times of unlimited cash (internet bubbles, frothy venture climates) you can fix your mistakes by burning more dollars. Why small amounts? No startup ever spends less then it raises.
the wave of semiconductor startups in the 1960’s/70’s, the emergence of venture capital as a professional industry, the personal computer revolution in 1980’s, the rise of the Internet in the 1990’s and finally. the wave of internet commerce applications in the first decade of the 21 st century. In the 1950’s and ‘60’s U.S.
Ditch the business plan and when assumptions are proven wrong, pivot CustomerDevelopment: Build a product your customers want (vs. what you think they might need) by talking to customers and testing every aspect of the product features, pricing, etc. Capital resources alone don’t do the trick.
Instead of spending 4 years at university, I spend 4 years starting 2 internet companies that failed. What is the first step in creating an internet-based business (After planning) ? Finding a team of developers, finding funding, or beginning the creation of the site and services with whatever resources are available?
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