February, 2013

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Announcing a Deal I’ve Wanted to Talk About for a Year

Both Sides of the Table

Let me not bury the lede. I’m super excited to announce that GRP Partners led the investment in Ethan Anderson’s new company MyTime (link has LA-based merchants but will give you a good feel for the product). I am taking the lead from GRP and we also invested alongside a number of friends including Dave McClure, Dave Tisch, Ben Smith (Merchant Circle), Brian Lee (ShoeDazzle, LegalZoom), Jason Calacanis, Evan Rifkin, Jennifer Lum, Jay Weintraub and a whole host of other angels.

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Building Your MVP as a Non-Technical Founder

SoCal CTO

I did a presentation this week at Coloft that looked at how Non-Technical Founders can go about getting their MVP built. It had a passionate group of 50 people attending. I promised to do this post as a follow-up to the session to provide additional links and information. It should also give a sense of what I covered to people who were not there. Here is the outline of the talk and some links from prior posts that talk to the issues that I discussed in the talk.

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10 Ways for Startups to Survive the Valley of Death

Startup Professionals Musings

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. I often get asked about the real alternatives to bridge this valley, and there are some good ones I will outline here.

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Startup identity & the sadness of a successful exit

A Smart Bear: Startups and Marketing for Geeks

My fingers trembled as I fed page 34 of 72 into the fax machine, deftly pressing the head of each page into its creaky jaws so that this shitty cheap-o machine wouldn’t snag two pages at once, slantways, obscuring the precious scribblings adorning the footer of each page where it read: “Seller’s Initials: _” This is what the last six years were all for.

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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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Why Big Companies Can’t Innovate

Steve Blank

My friend Ron Ashkenas interviewed me for his blog on the Harvard Business Review. Ron is a managing partner of Schaffer Consulting , and is currently serving as an Executive-in-Residence at the Haas School of Business at UC Berkeley. He is a co-author of The GE Work-Out and The Boundaryless Organization. His latest book is Simply Effective. For what I had thought were a few simple ideas about taking what we’ve learned about startups and applying it to corporate innovation, the post

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Why Business Relationships Take More Than Texting, Friending, And Online “Connecting”

YoungUpstarts

by Michael Houlihan, coauthor of “ The Barefoot Spirit: How Hardship, Hustle, and Heart Built a Bestseller “. It’s official: Email, texting, and social media are no longer just helpful supplemental business tools. They’ve taken over the whole game. Yes, technology has made many aspects of modern living more convenient and “connected,” but the pendulum has swung too far.

More Trending

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The 50 Best Marketing Strategies For Small Business

Mike Michalowicz

The most common question entrepreneurs ask me, is “how can I improve my marketing with no or little money?’ That’s literally the million-dollar question! So I sat down and hammered out my 50 best ideas. Skim them or read them in detail, but whatever you do make sure you go through the list. Just one of these ideas may trigger a marketing opportunity that you never considered before.

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10 Partner Qualities to Test Before Sharing Equity

Startup Professionals Musings

A while back I talked about how and where to find a co-founder in “ For a Startup, Two Heads are Always Better Than One.” The feedback was good, but some readers asked me to be a bit more specific on attributes that might indicate an ideal startup partner. Even if you are looking in all the right places, it helps to know what you are looking for. In this context, I’m broadening the definition of partner from co-founder to “business partner.

Partner 258
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How Pertino is reinventing the future of business networking

Lightspeed Venture Partners

Almost a year ago, my partner Barry Eggers and I met with Craig Elliott and Scott Hankins to talk about their vision for a new company, Pertino. Over a coffee in a small office in Cupertino (yes, their name is related to their founding hometown), we talked about how it was the right time to build a new networking company due to the confluence of three major trends: cloud, software defined networking (SDN), and the consumerization of IT.

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Failure and Redemption

Steve Blank

“What’s gone and what’s past help. Should be past grief.” William Shakespeare - The Winter’s Tale. We give abundant advice to founders about how to make startups succeed yet we offer few models about dealing with failure. So here’s mine. ——– In my experience, living through failure has 6 stages: Stage 1: Shock and Surprise.

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[Review] Unrelenting Innovation

YoungUpstarts

Innovation – that strangely elusive quality that most businesses would kill for, but many struggle to attain or maintain. There’s plenty already written on the topic – for example, how animation company Pixar approaches innovation in “ Innovate The Pixar Way ” – but “ Unrelenting Innovation: How to Build a Culture for Market Dominance ” by Gerard J.

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How to Configure Your Startup Team

Both Sides of the Table

I am fond of quoting that about 70% of my investment decision of an early-stage company is the team. My rationale is simple: everything goes wrong and only great teams can respond to competitors, markets, funding environments, staff departures, PR disasters and the like. Final startup grind from msuster. How you build out your team in the first few years can have a huge impact on the trajectory of your company.

Cofounder 388
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The 10 Questions I Didn’t Expect to Be Asked by Investors

Up and Running

If you’re raising money for your company and you want to pitch to angel investors or venture capitalists , then there are a few important things to know that savvy investors care about. I’ve raised close to $1 million for my previous startups and the following questions were not what I had expected to hear from the investors I was pitching to.

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10 Job Titles Never Found in an Investable Startup

Startup Professionals Musings

It’s your startup, so you can give early partners any title you want, but be aware of potential investor and peer implications. VCs and Angel investors like to see a startup that is running lean and mean, with no more than three or four of the conventional C-level or VP titles. More executives, or other more creative titles are seen as a big red flag.

CTO Hire 244
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Excellent Analytics Tip #22: Calculate Return On Analytics Investment!

Occam's Razor

Analysts: Put up or shut up time! This blog is centered around creating incredible digital experiences powered by qualitative and quantitative data insights. Every post is about unleashing the power of digital analytics (the potent combination of data, systems, software and people). But we've never stopped to consider this question: What is the return on investment (ROI) of digital analytics?

Analytics 143
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Sneak preview of the new Lean UX Book

Startup Lessons Learned

Lean Startups require cross-functional teams working closely together. This is especially true when designing a great product. In this excerpt from the newest addition to the Lean Series , Jeff Gothelf and Josh Seiden discuss the idea of collaborative design -- an opening up of the product design process to all members of the team -- and why they feel this way of working produces not just better products but better teams as well.

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Ten Sneaky Bad Habits That Hurt Client Relationships

YoungUpstarts

by Joseph and JoAnn Callaway, authors of “ Clients First “. If you’re like most business owners, you probably assume your client relationships are pretty good. After all, you have enough clients to still be in business (which, in light of our recent economic death spiral, is saying something!). But it’s possible you’re merely surviving instead of thriving because you’re only scratching the surface of what it means to truly put the customer first.

Customer 190
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Twitter Link Roundup #164 – 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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What The Rails Security Issue Means For Your Startup

www.kalzumeus.com

Kalzumeus Software. Patrick McKenzie (patio11) blogs on software development, marketing, and general business topics. Blog. Greatest Hits. Standing Invitation. Start Here If You’re New. About. What The Rails Security Issue Means For Your Startup. Posted on January 31, 2013. by Patrick. in security , startups. January has been a very bad month for Ruby on Rails developers, with two high-severity security bugs permitting remote code execution found in the framework and a separate-but-related

Security 101
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8 Key Actions for Entrepreneurs Needing Early Money

Startup Professionals Musings

Most entrepreneurs have learned that it’s almost always quicker and easier to get cash from someone you know, rather than Angel investors or professional investors (VCs). In fact, most investors “require” that you already have some investment from friends and family before they will even step up to the plate. You see, investors invest in people, before they invest in ideas or products.

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Lessons from a founder: how to deal with rejection

Version One Ventures

Guest post by Mischa Steiner-Jovic, founder and CEO of Awesense Wireless. You can follow him on Twitter. My skin thickens every time I hear a VC say “You’re building what? Why? You’re selling to whom?” or just a flat-out “that’s not a good idea.” Stepping outside the norm often elicits strong reactions and disbelief. Of course, there are quite a few No’s that go along with those reactions too.

Founder 143
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PATANG (The Kite) – An Award Winning Film by Prashant Bhargava – Comes to Boulder

Feld Thoughts

I don’t invest in movies. Unless a long time friend, like Rajat Bhargava, asks me to join him for fun in an investment. Several years ago Raj asked me to invest with him in a movie a cousin of his – Prashant Bhargava – was making called Patang. I wrote a modest check without thinking twice. The result of Prashant and the work of his team is a beautiful movie.

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The Innovation State of the Union

Gregg Fraley, Author of Jack's Notebook

Pamela Menges, Phd CEO of Aerospace Research Systems, Inc. President Obama made mention in his state of the union address that he wishes to expand the National Netowrk for Manufacturing Innovation concept. I wholly applaud the idea, AND, there might be a more fundamental challenge that needs addressed first. I’ve made the acquaintance of a thought leader with her finger on the pulse of where the nation sits in terms of technological readiness to innovate.

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Twitter Link Roundup #166 – 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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HTML5: 10 Provocative Predictions For The Future

readwrite.com

Sections. Social. Mobile. Enterprise. Cloud. Hack. Play. Small Biz. About. Contact. Advertise. Privacy. Search. Follow us. Share. Share… on Facebook. on Twitter. on Google+. on Linked in. by Email. Social. Mobile. Enterprise. Cloud. Hack. Play. Small Biz. Hot Topics. Microsoft. Apple. BlackBerry. Cybersecurity. Facebook. Pause. About. Contact.

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Myths Prevent Entrepreneur Thinking About Employees

Startup Professionals Musings

Every startup lucky enough to get some traction gets to the point where they decide to hire some “regular employees” for sales, marketing, and administrative tasks. Then they are surprised to see productivity and creativity take a big dip. What they should be doing is hiring only “entrepreneurs,” meaning people who think and act as if this is their own business.

Employee 244
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How Your Customers Actually Read Your Emails

ConversionXL

This is a guest post by Chris Hexton from Vero. Have you ever thought about how your customers actually read your emails? As in, how they approach them… mentally? How important is the subject line? Do headings in emails matter? Which links are customers most likely to click? Are links in body content distracting? Are images important? By considering questions like these and really investigating how customers actually read emails we naturally put ourselves in a better place to write emails that c

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Startup Launch Checklist

Spencer Fry

As I get ready to launch my new startup Uncover , my team and I created a GitHub Issues List of what we need to check off. From programming to last minute company tasks, we compiled a list of over fifty items. I thought I'd share with you some of the more general issues we thought to include (about half of our Big List). If you see we are missing something, please leave it in the comments.

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SEO Consulting in 2013: What the Pros Know that You Don’t

Duct Tape Marketing

Thursday is guest post day here at Duct Tape Marketing and today’s guest is Chris Warden. – Enjoy! photo credit: SEOPlanter via photopin cc. SEO is changing, and for the most part, the life of an SEO consultant is getting better. Gone are the days of open keyword data and mass link buying, but we’ve been lucky to gain a few things too. Most notably, we’ve gained the ability to justify the cost of good SEO and shown that a good SEO consultant is worth the additional expense in easy to

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Twitter Link Roundup #165 – 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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“Venture Assistance”: A Philosophical View Of What Boards Should And Should Not Do

techcrunch.com

Editor’s note: Legendary investor Vinod Khosla is the founder of Khosla Ventures. You can follow him on Twitter @vkhosla. Most VCs pitch their venture firms as value added to a company’s entrepreneurial founders. Personally, I think leading VC firms do a pretty good job of being supportive of their companies, and most entrepreneurs funded by good funds like their investors.

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Seize the Power of Diversity in Your Startup

Startup Professionals Musings

Many entrepreneurs think that diversity on their team just makes their job harder, since startups are all about making fast decisions, and executing efficiently. Often they assume that this is only a big-company issue, having more to do with the legalities of equal opportunity, hiring minorities, and moral imperatives. In reality, diversity in a startup can be your big competitive advantage.

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Infor: a grown-up stealth start-up

deal architect

I have known Charles Phillips, CEO of Infor for going on 2 decades now. He was a polymath way before I wrote a book celebrating them. He has computer science and law degrees in addition to an MBA. He is.

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Programming Resources

Spencer Fry

I started learning to program in earnest at the beginning of February 2012. Since then, I've compiled the programming resources that got me to where I am today. Various books, screencasts, online documents, and forums have helped me along the way. I've listed them in the order in which I read them over the course of my development. I hope you find them as useful as I did.

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Content Repurposing Is the New Way of the World

Duct Tape Marketing

Today’s guest post is from Duct Tape Marketing Consultant Dan Kraus. – Enjoy! photo credit: jean-louis zimmermann via photopin cc. C O N T E N T. One little 7-letter word that makes marketers and business owners alike cringe a bit. We know we need new, fresh, content to attract prospects. The old world of outbound, hunt-down-a-prospect marketing isn’t working any more.

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Productivity On the Go: 10 Apps to Help You do Business!

crowdSPRING Blog

In addition to a desktop computer at work and a laptop for home and on the road, I also own an iPhone 4s and an iPad 2. I am not a Road Warrior type – I travel perhaps 20 days per year – but do need to work when I am on the road and I am constantly on the lookout for ways to improve my productivity when away from the office. When I first got the a few years back, I had high hopes that it would allow me to leave the laptop at home when making trips of just a few days.

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