September, 2010

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My Life as a CEO (and VC): Chief Psychologist

Both Sides of the Table

I’ve had a post in my head for months – maybe longer – about the role of a CEO. It originally appeared on TechCrunch as a guest post but just in case you missed it there. My primary role was “chief psychologist&# and as I’ve learned over the past few years the same has been true as a VC. Both are basically people businesses.

Ireland 319
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You Negotiate Commodities, But You Seize Opportunities

Steve Blank

It took losing something important to understand the difference between a commodity and an opportunity. Along the way I also learned yet another way entrepreneurs see the world differently from their investors. Advisory Board. In the early days of Rocket Science I realized that we needed high-level advice on multiple fronts; technology, game development, video game distribution, etc.

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E-Commerce Startup Entry Cost is at All-Time Low

Startup Professionals Musings

If you have a unique creation or invention, and you are not selling it around the world on the Internet, now is the time to start. The cost of entry has never been lower. Anyone can be an entrepreneur today, without a huge investment, bank loans, venture capitalists, or angels. In the early days (20 years ago), most new e-commerce sites cost a million dollars to set up.

Cost 220
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Good enough never is (or is it?)

Startup Lessons Learned

Lessons Learned by Eric Ries Monday, September 27, 2010 Good enough never is (or is it?) One of the sayings I hear from talented managers in product development is, “good enough never is.&# It’s inspirational, always calling the team to try harder and do better. It works to undermine excuses for poor or shoddy work. And, most importantly, it helps team members develop the courage to stand up for these values in stressful situations.

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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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Never Mind the Valley: Here's Paris

ReadWriteStart

If you're capable of seeing past the old stones of Paris and the picturesque rural villages, you'll realize that France is every bit as technologically advanced as any other Western country - more so in some areas. Not only does the country have a higher percentage of homes with high-speed Internet than the U.S. (plus it's faster and costs half as much ), it ranks first in the world for number of blogs per Internet user, and has a formidable market of Internet consumers who spent €5.5 billi

France 163
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A Beer Drinker's View of the Venture Industry

Genuine VC

Most VCs drink beer, but how much do they realize that their industry is increasingly resembling that of the beer industry? Forgive me if I start a bit theoretical. The famed business strategist Michael Porter described a set of successful general strategies which firms employ to achieve a sustainable competitive advantage: differentiation strategy and cost leadership strategy for those firms with a broad market scope, and a segmentation strategy for those with a narrow market scope.

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Panic at the Pivot – Aligning Incentives By Burning the Boats

Steve Blank

It’s a paradox, but early sales success in a startup can kill its chances of becoming a large successful company. The cause is often sales and marketing execs who’ve become too comfortable with an initial sales model and panic at the first sign of a Pivot. As a result they block new iterations of the business model that might take the company to the next level.

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Don Estridge, IBM PC Father, Startup Role Model

Startup Professionals Musings

My introduction to startups really came when I first worked in IBM with Philip Donald Estridge back in 1981. Known as Don Estridge, he led development of the original IBM Personal Computer, and thus is known as "father of the IBM PC" He’s gone now, but I still remember him fondly. He and Bill Lowe somehow managed to convince then CEO Frank Cary to give them a dozen engineers, a small budget, and a few months, to set up a small skunk-works called Entry Level Systems in Boca Raton, Flori

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Bitesize Tuesday: Tracx, Innovid, Kenshoo, uTest and More Investment Rounds [recap]

VC Cafe

A number of investment rounds and acquisitions took place in recent weeks and it’s worth taking note. Below is a recap of some of September’s Israeli tech headlines: Investment rounds. The startup Tracx , which provides a SaaS solution for tracking and managing marketing campaign on social networks, has received an undisclosed investment from Israeli angel Zohar Gilon.

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Why Your Startup Should Be Involved in Open Source

ReadWriteStart

Oftentimes, when you hear the arguments for "Why open source?", they are aimed at convincing companies to use open source software. But the other piece of the argument is, of course, an argument for why your company should build open source - why it should develop its technology in a community-driven, open sourced way. Along those lines, Peter Friese, head of mobile development at Itemis recently wrote an article arguing " Why Your Next App Should Be Open Sourced.".

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Excellent Analytics Tip #18: Make Love To Your Direct Traffic

Occam's Razor

Make love? Direct Traffic? Really? I am not kidding. Direct traffic contains visitors that proactively seek you out, everyone else you have to "beg" to show up on your site! Yet this question seems to bedevil a lot of people: What the heck is Direct Traffic? As if that was not sad enough, even people who do know what the definition of Direct traffic is rarely focus on it or work hard to tease out the opportunity that exists in Direct traffic.

Analytics 123
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How to Manage Employees When They Make Mistakes

Both Sides of the Table

I was recently involved with a company (not as an investor) where an embarrassing mistake was made. One of the leaders took a sort of “heads will roll&# approach. It’s not my company so I basically stayed out but tried to encourage him to think differently about the “punishment.&# I didn’t stick around for the repercussions so I hope the process was balanced.

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11 Trends in Web Logo Design

mashable.com

Top Topics Twitter YouTube Facebook iPhone Google Video Google Buzz Social media Music Business Advertise Network Blippr iPhone App Mashable France MashDeck Twitter App Mobile Site Social Media Events Twitter Guide Book Facebook Guide Book Partners App Development WordPress Experts MaxCDN Content Delivery Dynect Managed DNS Rackspace Hosting Intridea About Us Submit a Tip!

Web 111
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Nine Principles of Leadership for Entrepreneurs

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 Bill Gates and Steve Jobs, seem to have in common.

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That Was A Yes Or No Question

Feld Thoughts

I think I’ll avoid all the “ are super angels colluding “, “ no they aren’t “, “ go fuck yourself and stop talking horseshit “, and “ guys, quit being narcissistic and do something productive &# blog chatter today and focus on something that came up yesterday. I was on a call when someone asked a straightforward question that had a binary answer (yes or no).

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Report Examines Where the Top VC Firms Are Investing

ReadWriteStart

Last week, we looked at one of the latest reports from the investment research firm CB Insights , tracking the top venture capital firms across the U.S. in terms of their deal activity. According to that report, over the past year the top 30 firms participated in 663 unique deals (almost a quarter of all deals) with amounting to almost $9 billion in investment.

Deal Flow 121
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Twitter Link Roundup #53 – Small Business, Social Media, Design, Copywriting, 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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Angel Investing 4 – Why You Need Deep Pockets to Win Big

Both Sides of the Table

This is the fourth article in a series on what it takes to be a great angel investor (and why this should matter to entrepreneurs). Part 1 – Access to Great Deal Flow – is here. The first three skills I espoused were: access to the highest-quality deal-flow, domain knowledge of the topic area in which you’re investing and access to VCs to help fund the next stages of development.

Cap Table 283
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11 Trends in Web Logo Design

mashable.com

Top Topics Twitter YouTube Facebook iPhone Google Video Google Buzz Social media Music Business Advertise Network Blippr iPhone App Mashable France MashDeck Twitter App Mobile Site Social Media Events Twitter Guide Book Facebook Guide Book Partners App Development WordPress Experts MaxCDN Content Delivery Dynect Managed DNS Rackspace Hosting Intridea About Us Submit a Tip!

Web 111
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Ten of the Best Reasons to Start a Business Now

Startup Professionals Musings

A couple of weeks ago I wrote about “ Ten of the Worst Reasons for Starting a Business ,” so naturally a reader challenged me to turn that around and talk about the right reasons for starting a business. That’s a fair challenge, and probably more productive than the negative approach for all the people out there who are budding entrepreneurs. In doing some research on this one, I found out that everyone has a favorite list of good reasons for starting a business, so mine really reflects more my

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11 Kinds of Popularity

Life Beyond Code

Without further ado, here they are in no particular order. Some types lend themselves to be popular within closed circles and others more broadly. 1. The Fun Type: You are always fun to be around. You transform any party with your humor, wit and just by being jovial. You are popular and people will miss you in a party. It is never the same. However, if that is the only reason you are popular, they will not miss you outside the party halls. 2.

Bandwidth 129
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Strategy Roundtable: 5 Cloud Computing Opportunities for Entrepreneurs

ReadWriteStart

At today?'s roundtable, I started with a presentation on blue sky opportunities in cloud computing based on our Thought Leaders In Cloud Computing (TLCC) research. I took the audience through five cloud-based business ideas, discussed why they are relevant and pointed them to the sources I derived those ideas from. For you, readers, here they are: Sponsor. 1.

Cloud 117
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Twitter Link Roundup #54 – Small Business, Social Media, Design, Copywriting, 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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Business Development for Early Stage Startups

This is going to be BIG.

If you’re a non-technical founder, while your team is building and refining your product, you’ve got to figure out what to do with your time. I find that first time CEOs often find themselves doing two things, neither of which is productive. First, they spend time throwing product ideas over to your tech team like grenades—blowing up carefully laid and simple product roadmaps, scattering them with feature creep shrapnel.

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Residential Real Estate - Time to Move On

Growthink Blog

For opportunities that Growthink is following now, click here. Believe it or not, the great residential real estate crash of the last few years will turn out, in the long run, to be VERY good for the U.S. and the global economy. Here's why: The Fixation on Housing Prices Has Been and Is Unhealthy: The word that comes to mind when reflecting upon the government subsidies (see mortgage interest deduction, first-time home buying credits, etc.) and media attention given to housing prices is distorte

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Top Ten Action Items For Angel Funding Success

Startup Professionals Musings

Every new startup I know dreams of being funded by an angel investor. Yet according to the latest data from AngelSoft , only about 3 out of 100 companies who initiate the formal request process actually get funded. The AngelSoft Deal Funnel from the last 12 months indicates is that 70% of the interested companies never make it past the initial screening process.

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PopUp Domination Review – Why This Is A Must Have Plugin For Your Blog

Entrepreneurs-Journey.com by Yaro Starak

For a long time I had a rule for my blog: no pop-ups. I considered pop-up banners one of the most annoying things about surfing the web, especially during the early days before pop-up blockers became standard in browsers. If I didn’t personally like them, why would I subject my audience to them? Things have changed. Pop-up technology has become more subtle, with the lightbox pop-up becoming the new standard (and also able to bypass pop-up blockers).

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Strategy Roundtable: Open Opportunities in Cloud Computing and Rural BPO

ReadWriteStart

I have been meaning to get to discussing blue-sky opportunities at the roundtables, and this week we did some of that. During this week's roundtable we discussed an area that deserves a serious look from entrepreneurs: Rural BPO. Whether it is in the emerging markets or in the U.S., it is my sincere belief that there are numerous entrepreneurial opportunities to be tapped into.

Cloud 115
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Twitter Link Roundup #51 – Small Business, Social Media, Design, Copywriting, 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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10 Tips for Making your Startup More Attractive for Investors [Presentation]

VC Cafe

A fter years of talking with many of you in the Israeli startup industry, investors and entrepreneurs alike, I was invited to present some tips for entrepreneurs at the Launch48 conference in London this weekend. Launch48 is a new kind of micro-incubator taking place over the course of a weekend, which enables entrepreneurs to pitch their concept in one minute, in order to find team mates who are interested in pursuing the idea.

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Your Market is Smaller Than You Think

Software By Rob

Software by Rob Passionate about Startups and MicroISVs Lessons Learned by a Serial Entrepreneur home about press micropreneurs archives ← Ten Things I Will Never Have to Do Again The #1 Goal of Your Website – Slides from my Business of Software Talk → Your Market is Smaller Than You Think Micropreneurship , Startups If youre trying grow your startup youve come to the right place.

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Startups Wait For the ‘Super Angels’ to Descend

Startup Professionals Musings

It is no secret that the world of venture capital (VCs) has been turned upside down by the recession, and the many other changes in the marketplace. I see now emerging a new wave of investors, popularly known as “super angels,” micro-VCs, or “super-seed” investors. Every early-stage startup should explore this new funding alternative. Business Week ran a more thorough analysis of this movement a while back, which I am summarizing here.

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How To Start A Software Company And Exit At The Top: Interview With Michael Fountain, Co-Founder Of ModernBill

Entrepreneurs-Journey.com by Yaro Starak

Press play to begin streaming the audio or right click the text link and choose save as or save link. Download the MP3 [ 49 Minutes - 71 MB ] I was speaking to Michael Fountain on a 30 minute coaching call, which he qualified for as a bonus because he purchased a product via my affiliate link recently, and he happened to mention his previous life as a software developer.

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Strategy Roundtable: Do Not Spray and Pray

ReadWriteStart

At today's roundtable, we had three niche e-commerce entrepreneurs and two e-commerce infrastructure entrepreneurs. I will describe their businesses briefly, below. You can vote on which one you like most by clicking on our Facebook page. If you missed the session, please listen to the recording before voting. Sponsor. GrillGrate. First up was Brad Barrett presenting GrillGrate , a grill accessory with which Brad has built a year-to-date revenue of $400,000.

India 114
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12 Questions: Meet Carmen Tsang (Canada)

crowdSPRING Blog

In our 12 Questions blog series, we feature interviews with someone from the crowdSPRING community. For these interviews, we pick people who add value to our community – in the blog, in the forums, in the projects. Plainly – activities that make crowdSPRING a better community. Be professional, treat others with respect, help us build something very special, and we’ll take notice.

Canada 78
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Face.com Gets $4.3 Million from Russian Yandex and Rhodium

VC Cafe

I n its first investment in Israel, Russian search engine Yandex is rumoured to invest $3.4 million in Israel’s Face.com , a startup developing face recognition technology. This is Face.com’s second round, after previously raising about $1 million from Rhodium and local angels Yaniv Golan (AOL, ex Yedda) and Yariv Gilat. As a result of the investment, Yandex’s CEO Arkady Volozh is now a member of Face.com’s board.