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For the past year, they invested in the team and technology to prioritize speed of iteration with disregard to traditional methods of customerdevelopment and company building. Their pitch was unpolished, product vision unclear, they had little understanding of their metrics, and traction didn’t stand out from competitors.
I started my last company with 100% off-shore resources because I could never have completed CustomerDevelopment at a reasonable cost of money or regulatory burden had I employed US Citizens. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup?
He’d wasted a year of his life and had a pile of stockoptions that weren’t very interesting. They’re deep into CustomerDevelopment ,” he said. Klout Puts Metrics Into Social Media Management - Tim Berry's Blog - Planning Startups Stories , May 21, 2010 I really like klout.com for three good reasons: 1.)
They have many, many man-years of development and customerdevelopment in them. What I mean by that is startups nowadays that raise money have absolutely ludicrous metrics. And again, that doesn’t have the metrics that a VC wants. Edwin: There are a million others. Does that make sense?
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