June, 2013

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Why Startups Need a Well Articulated Strategy (And How to Think About Yours)

Both Sides of the Table

'I recommend you read Fred Wilson’s recent blog post about the need for a well articulated business strategy before pushing a particular business model. Since Arrested Development is back I thought I’d resurrect Gob Bluth’s answer when he was told he needed a “business model” – he quickly figured out that he was missing one so he asked Starla, the Bluth company secretary, if she would be his business model.

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Every Startup Should Assume Pivots Will Be Required

Startup Professionals Musings

'The traditional mode of starting a company is to plan a serial process, where you complete once all the steps, leading to the “big bang” launch of the company. I strongly recommend a dramatic departure from this model, called “planned iteration” or Lean Startup methodology, where you assume you won’t get it right the first time, so you launch with a minimum viable product (MVP).

Agile 263
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Estimating The Startup Costs For Your New Business

YoungUpstarts

'by Nick Anderson. You will have to deal with some numbers before starting a new business. Assessing the upcoming expenditure and determining your startup budget will be essential for the smooth and problem-free start of business activities. To estimate the startup costs for a new business, you will have to take a look at several different categories of expenditure.

Cost 183
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Content management platform Contentful breaks into beta and secures seed round funding

The Next Web

'Berlin-based startup Contentful , the cloud-based content management platform for web and mobile apps, has launched in beta following a successful round of seed funding. While financial terms of the deal were not disclosed, leading the round was Roberto Bonanzinga from Balderton Capital, with Christoph Janz from Point Nine Capital named as another “major investor”.

Security 132
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Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in

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How To Avoid Bad Advice That Can Kill Your Small Business Or Startup

crowdSPRING Blog

'In a recent post , Ev Williams (co-founder of Twitter, Blogger and Medium), suggested that all startup advice is wrong (presumably, including his own post on this subject). Ev pointed out that what works for one entrepreneur/company doesn’t necessarily work for others: Companies are not built in a lab. We are unable to run Monte Carlo simulations.

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10 Things Every Small Business Needs To Do

Up and Running

'Most of the challenges in starting a business relate back to doing the little things right. Like any good coach has said at some point: The fundamentals get you to the top. If you are thinking of starting a small business, make sure you follow these ten important rules for small businesses: 1. You need to manage your cash. The number one reason small businesses go bankrupt is lack of cash , not lack of profits.

More Trending

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How to Lock and Load the Right CEO for Your Startup

Startup Professionals Musings

'If you are a young startup founder, how do you find that CEO or other executive for your “dream team” to close on funding or complement your skills to kick start your company? It makes logical sense to scour the job boards, engage an executive recruiter, or scan the networking sites like LinkedIn for a good array of candidates, and then interview the ones with the best resumes.

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You’re Not The Boss Of Me: Millennials

YoungUpstarts

'by T. Scott Gross , author of “ Invisible: How Millennials Are Changing the Way We Sell “ The Millennial generation is here. They feel entitled. They negotiate everything. And they ‘ll tell you exactly what is on their mind… even if you don’t want to know. Let’s see you make a team, and a profit out of that! Before we go any further (and before those of you with short attention spans form an opinion and clock out)… let me apologize.

Florida 203
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Avoid startup failure – Don’t make these 7 mistakes

The Next Web

'A great idea ensure startup success, right? Wrong. No one enjoys hearing it, but three out of four startups will fail before they ever get to market. Yes, even the greatest ideas are still susceptible to ending up in the trash. As a startup founder, mentor, Young Entrepreneur Council (YEC) member, I’ve witnessed far too many startups reach the end far too early.

Alaska 162
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What’s more important: product or sales?

Version One Ventures

'It’s the age-old debate among start-up circles: which is more important to the success of a start-up: the strength of the sales/distribution strategy or the quality of the product? On one end of the spectrum, many start-ups think that great products sell themselves, while the other camp argues that it’s the channel and monetization that define a company’s success.

Sales 144
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Twitter Link Roundup #182 – Small Business, Startups, Innovation, Social Media, Design, Marketing and More

crowdSPRING Blog

'Every day on the crowdSPRING Twitter account and on my own Twitter account , I post links to posts or videos I enjoyed reading or viewing. These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Here are some of the links that I’ve liked and shared this past week!

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GRP Announces $200 Million Fund. Rebrands as Upfront Ventures

Both Sides of the Table

'I am super excited to announce that today is a day of lots of new things for my partners & me: A new fund, a new office and a new brand. Let’s start with the fund. We have previously raised funds in 1996 ($200 million), 2000 ($400 million) and 2008/9 ($200 million). This month we closed our 4th fund of $200 million. If you’ve been following the press about VC funds you’ll know this is no small feat.

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5 Ways to Make Your Startup a Choice Investment

Startup Professionals Musings

'People with money to invest have choices. How do you as an entrepreneur with a new idea get to be one of those choices? Initially, you may be able to rely on friends and family to put you on the top of their list, but eventually you will probably need real professional investors (Angels and VCs). You won’t win with them without understanding their alternatives, as well as their mindset.

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5 Things Every Entrepreneur Should Know

YoungUpstarts

'By Josh Golden, CEO of Table XI. 5 things every entrepreneur should know: 1. Learn about your customer’s needs and try as hard as possible to deliver a solution that solves the customer’s business problem. Whether you’re running a product or a service-based business, make sure that you are solving a real business problem. Pretty pictures or a big pile of features are totally useless if the problem is not meaningfully solved.

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Code Club UK celebrates its first birthday, invites the whole world to the party

The Next Web

'Code Club UK, the network of volunteers that teach kids to program, is celebrating its first birthday today and is doing so in style by announcing the expansion of the initiative to the entire world. Code Club is a free scheme that relies on volunteers around the UK to teach children aged between 9 and 11 coding skills. Since its introduction more than 800 Code Clubs have sprung up around the country.

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Excellent Analytics Tip #25: Decrapify Search, Social Compound Metrics

Occam's Razor

'Everyone likes chasing big shiny objects all the time. What's not to like. They are big. They are shiny. :). But a lot of progress in life comes from doing the everyday small things better. A small improvement, every single day, to move the ball a little more forward. A best practice I've developed is to take a step back and reflect on if I have a good balance between chasing shiny objects and making incremental progress on small every day things.

Metrics 142
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Twitter Link Roundup #183 – Small Business, Startups, Innovation, Social Media, Design, Marketing and More

crowdSPRING Blog

'Every day on the crowdSPRING Twitter account and on my own Twitter account , I post links to posts or videos I enjoyed reading or viewing. These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Here are some of the links that I’ve liked and shared this past week!

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To Sell Anything You Need to Know What Makes You Unique

Both Sides of the Table

'In my first enterprise software company we developed a methodology for sales that we called PUCCKA , which I wrote about previously. Having a good sales methodology can help you ensure your company runs more disciplined campaigns and focuses scarce resources on your best opportunities. The first post covered the topic of “P” or pain. Simply, this is identifying a customer need which has economic value to them if they can solve it.

Campaign 336
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How Many Key Leadership Principles Do You Practice?

Startup Professionals Musings

'Creating and building a business is not a one-man show. It requires a team effort, or at least the ability to build trust and confidence among key players, and effectively communicate with partners, team members, investors, vendors, and customers. These actions are the hallmark of an effective leader. Behind the actions are a set of principles and characteristics that entrepreneurial leaders, like Mark Zuckerberg and Sergey Brin, seem to have in common.

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Lessons from a year’s worth of hiring data

blog.alinelerner.com

'Aline Lerner's Blog. making technical recruiting suck less. Home. Posts. About. Press. Lessons from a year’s worth of hiring data. Jun 21, 2013. I ran technical recruiting at TrialPay for a year before going off to start my own agency. Because I used to be an engineer, one part of my job was conducting first-round technical interviews, and between January 2012 and January 2013, I interviewed roughly 300 people for our back-end/full-stack engineer position.

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Don’t focus on the wrong things early

The Next Web

'Editor’s note: This is a guest post by Nick Kishfy, CEO of MojoTech , a design and development agency with offices in Providence, RI and New York, NY. Nick has been launching startups, leading teams and shipping products since the first Internet gold rush, and he’s passionate about helping founders finish what they start and turning ideas into products that win.

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Mapping the Austin Tech Startup Scene

SiliconHills

'There’s a new map in town: ATXup. Nick Hammond, an Austin-based software developer, created the map using an open source program called RepresentMap. Other startup communities worldwide are using the same program to map their emerging tech startup economies. Some of the latest additions to the map include: Nitero Inc., Trails.by, Longhorn Startup Camp, Clay.io, [.

Austin 97
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Twitter Link Roundup #184 – Small Business, Startups, Innovation, Social Media, Design, Marketing and More

crowdSPRING Blog

'Every day on the crowdSPRING Twitter account and on my own Twitter account , I post links to posts or videos I enjoyed reading or viewing. These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Here are some of the links that I’ve liked and shared this past week!

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Positive Change – One Business at a Time

Growthink Blog

'Holding constant for socioeconomic factors, the typical entrepreneur makes less money, works more hours and suffers more work-related stress than their employed counterparts. And when we combine these statistics with those that show a very low percentage of businesses ever attaining meaningful profitability, it is remarkable that people ever even dream to be entrepreneurs and start businesses at all.

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6 Key Marketing Do’s and Don’ts For Your Startup

Startup Professionals Musings

'Marketing is everything these days. You can have the best technology, but if customers don’t know you exist, or they don’t know how your technology solves a real problem for them, your startup will fail. Yet I see many entrepreneurs that focus on the basics of marketing too little and too late. They skimp on the design of their website, procrastinate on the rollout to make sure the product is perfect, and get so excited about technology features that they forget about creating value for custome

Marketing 258
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NYC: Regulatory nightmare for tech startups trying to conduct consumer friendly businesses

This is going to be BIG.

'New York City is a fantastic place to live--I''ve been here all my life. I wouldn''t want to live anywhere else. That being said, it isn''t necessarily the easiest place to live, but it''s worth it. That''s why I get excited when companies in my industry create businesses that improve the living experience of being here. The mobile phone has the potential to be incredibly transformative for the lives of NYC residents.

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Why You Should Give Before You Get

Both Sides of the Table

'I have a motto in business and life, “give before you get.” It’s a philosophy, really. And it applies to business relationships & networking as much as it does to remuneration in the workplace. It seems we live in an era of “ask.” I see it on Twitter. Lots of asking. I see it on email even more. And in person in spades.

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Don’t look for talent, find people who do things

tuckermax.me

'Home. Menu. About. Reading Lists. Quote Lists. Book Summaries. Archive. Contact. June 21, 2013. Don’t look for talent, find people who do things. I wrote a blog post a while ago about what one of my former assistants did after working for me, and in it I wondered why so many of them have had success. My conclusion was that: I honestly don’t think I have much to do with it.

RSS 78
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Strangling Innovation: Tesla versus “Rent Seekers”

Steve Blank

'The greatest number of jobs is created when startups create a new market – one where the product or service never existed before or is radically more convenient. Yet this is where startups will run into anti-innovation opponents they may not expect. These opponents have their own name – “rent seekers” – the landlords of the status-quo. Smart startups prepare to face off against rent seekers and map out creative strategies for doing so… First, however, they need to understand what a

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Chop Wood, Carry Water, Make Money

Growthink Blog

'GREAT businesses find the balance between: a) Making the right changes at the right time and b) Having the discipline to “keep on keeping on” and just doing more of what is working. Note well that b) is particularly hard to maintain when the tasks and activities that ARE working become repetitive and lack in excitement and drama. So how do executives find this balance - between being creative and just keeping their heads down and plowing forward?

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How Many Entrepreneurs Really Need a Business Plan?

Startup Professionals Musings

'On a regular basis, I am approached by entrepreneurs who assert that business plans are a waste of time. They cite sources like a recent BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this NY Times article. From my perspective as a professional investor and long-time advisor to entrepreneurs, much of this urban legend advice is just plain wrong.

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While on PRISM.

deal architect

'The disclosures of the NSA supposed access to Microsoft, Google, Apple and other data is going to draw plenty of Congressional investigation, Obama bashing and even more foreign criticism of the US Patriot Act. But it will likely only skirt.

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Lessons I Learned from My Dad

Both Sides of the Table

'My mom seems to sneak into my blog from time-to-time. My dad less so. Mom was an entrepreneur and a civic leader. She was (is) a bit of a ball buster. And a negotiator. And a go getter. So she naturally fills my story arcs more easily. But of course we’re all a product of both of our parents – if we were fortunate enough to be raised by two individuals.

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The 10-Step Road Map To Promoting Webinars

Duct Tape Marketing

'Thursday is guest post day here at Duct Tape Marketing and today’s guest is Samuel Faith – Enjoy! When it comes to content marketing, nothing is better than a good webinar. You can educate, inform, engage and convert your target market – all at once. Independent reports from inbound marketing experts indicate that webinars can significantly boost your expert status, build meaningful and engaging relationships with your customers, and turn your audience into high converting pro

SMS 69
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Fund Raising is a Means Not an End

Steve Blank

'Not all that glitters is gold. William Shakespeare. For many entrepreneurs “raising money” has replaced “building a sustainable business” as their goal. That’s a big mistake. When you take money from investors their business model becomes yours. ———– One of my ex students came out to the ranch to give me an update on his startup.

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Open-source Something Often

Diego Basch

'If you write code for a living, when was the last time you released something as open source? If you can’t remember, I’d hold that against you in an interview. Why? Assuming you take pride in your work (if you don’t… well), open-source code is an incentive to: Make sure the code is not horrendously embarrassing. Verify that a random person can check it out and make it work.