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Do they have better sales, marketing, or productdevelopment groups? What the winners start with is the realization that in a world of continuous disruption, they have only a few years to develop new capabilities or be pushed over the brink. In the end, exploitation pays your salary while exploration pays your pension.
Almost all of it is in one giant fixed-cost bucket: salaries. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? I want to talk specifics, and when you come right down to it, most technology startups dont have a very interesting cost structure.
Nick Kim , Crosscut’s Head of Platform, in his presentation at the 4th Annual VC Platform Summit, shared their Platform development methodology, which he viewed as an exercise in productdevelopment. For example, recruiting writ large is useful at all stages of development. CustomerDevelopment. AskAnything.VC
They have many, many man-years of development and customerdevelopment in them. You have your general management meeting and in your general management meeting you talk about productdevelopment, about marketing and about finance. Edwin: There are a million others. It’s bundled in different groups.
Voluntary salary reduction program. Ive also used the voluntary salary reduction tool - its particularly useful as a way to get passionate employees who dont have a lot of personal expenses to buy into the mission of the company at a deep level. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup?
We thought that would give us enough credibility to bring someone on board and enough money to even compete, at least in the short term, with some of the other salaries. I pick my cofounder's brain almost daily about the inner workings of our product, so that I can be better informed about the tech side of things.
what are the most crucial steps to be taken by a new tech startup when outsourcing major part of the tech to IT firms or outsourcing “productdevelopment” eg new social media website project? Near shoring development with your team (ex: your team is based in Canada / India) is cool, but not outsourcing. 1) Hire A’s.
Options and future value are great ‘add ons’ but not for a welfare check salary until ‘this great idea makes it.’ 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.
A more rational career path for money-making is one that rewards effort, in the form of promotions, increased security, salary and status. A more rational career path for money-making is one that rewards effort, in the form of promotions, increased security, salary and status.
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