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With a large talent pool and the availability of a variety of different options to choose your development team, many businesses wonder what is the best approach to choosing a solution. Some businesses utilize in-house development teams or local professionals. Services are also much more affordable.
Most of the early deals were done by offshore venture funds – with their fund registered in countries outside China and using dollars. In the past foreign funds who wanted to invest in China had to set up funds using dollars with complicated offshore structures with exits through offshore listings.
But other critical hypotheses such as activities, resources, partners, channels needed testing offshore. Filed under: Business Model versus Business Plan , CustomerDevelopment. Business Model versus Business Plan CustomerDevelopment' They intended to get scale for their business by growing in the U.S.
Most of the early deals were done by offshore venture funds – with their fund registered in countries outside China and using dollars. In the past foreign funds who wanted to invest in China had to set up funds using dollars with complicated offshore structures with exits through offshore listings.
Customerdevelopment would be reduced to a single person exercise that could be repeated in parallel dozens of times over, ultimately yielding 30+ companies a year. In exchange for equity, we discount the project cost, which is already low because we offshore most of our development, by 10-15%. Our model at Casual Corp.
Lessons Learned by Eric Ries Sunday, September 7, 2008 CustomerDevelopment Engineering Yesterday, I had the opportunity to guest lecture again in Steve Blank s entrepreneurship class at the Berkeley-Columbia executive MBA program. There were a lot of questions about outsourcing/offshoring and startups. Talk about waste.
Today open source software has slashed the cost of software development from millions of dollars to thousands. For consumer hardware, no startup has to build their own factory as the costs are absorbed by offshore manufacturers. Filed under: CustomerDevelopment , CustomerDevelopment Manifesto , Venture Capital.
Everything Seth said is absolutely spot on, except I’d encourage founders to make sure they do some customerdevelopment (even in the consumer space) in parallel to cranking out the first product. Will be looking forward to seeing the next piece that you do. Andrew Holt I love these kinds of articles.
And for consumer hardware, no startup has to build their own factory as the costs are absorbed by offshore manufacturers. They can get to more computing power via their laptop through Amazon Web Services than existed in the entire world when I started in Silicon Valley. China has simply become the factory.
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