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I think I’ve read Paul Graham’s post on “ Startup = Growth ” three or four times now. And of course on Twitter I’ve seen the Tweets, ReTweets and superlatives on what a great post it is. Viewing the article through the lens of a venture capitalist there’s much to agree with under the mantra of “growth!” And when you read the article carefully it allows for a period of discovery in your business.
This is a guest post by my Startup Owner’s Manual co-author Bob Dorf. ——————-. While statistics are weak on startup success rates, the worst one I’ve seen suggests that 2 in 1000 venture backed startups will ever achieve $100-million or more in valuation. Another stat puts that number at 2% rather than 0.2%. Either way, the “hurdle” for successful, scalable startups is high, and it gets higher every day as customer acquisition challenges continue to increase.
Every entrepreneur tries to maximize his startup growth by building and selling more product and services for the widest geographic area that he can support. This strategy is called “organic growth,” yet it alone may yield only a fraction of the potential you could achieve, unless you add the additional strategies of partnerships and M&A (mergers and acquisitions).
While individual achievement can be great, sometimes it takes some serious teamwork to get things done, from winning a game to completing a client project on time. Unfortunately, working in a team comes with its own host of challenges, as sometimes egos clash and not everyone is on the same page when it comes to work ethic. No matter what your personal challenges are, it’s important to remind yourself why working in a team can be the best way to go and also to learn some new ways you can improve
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
Personal discipline is one of my hallmarks. I have thought a lot about how and why I do what I do so that I can get a lot of important stuff done. Doing stuff inefficiently or spending time on unimportant stuff sends me round the twist a little. Staying disciplined is an ongoing process of self improvement and I’m always looking for new tricks and tactics, so when I saw a link to Achieving top mental performance for software developers I clicked straight through, and to my delight I found
In July I wrote a post where I was Searching For A Collaborative Writing Tool. I got a bunch of suggestions – some people suggested their startups, some suggested Google Docs, and one person (a friend who works for Microsoft) suggested Microsoft SkyDrive . Amy and I were deep in working on Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur.
This article originally appeared on TechCrunch. Recently I wrote a post arguing to make the definition of a Startup more inclusive than that to which Silicon Valley, fueled by Venture Capital return profiles, would sometimes like to attach to the word. Today I’d like to talk about what startup communities outside of Silicon Valley look like, how they emerge and what makes them take hold.
This article originally appeared on TechCrunch. Recently I wrote a post arguing to make the definition of a Startup more inclusive than that to which Silicon Valley, fueled by Venture Capital return profiles, would sometimes like to attach to the word. Today I’d like to talk about what startup communities outside of Silicon Valley look like, how they emerge and what makes them take hold.
Facebook has an incredible audience, 950 million strong and counting. This audience is immensely attractive to Brands and Marketers around the world. We've seen explosive growth in brand pages, types of advertising and other fun ways to monetize this audience. Increased investment in Facebook as an engagement/acquisition channel has translated into requests from CEOs, CMOs and other CxOs about the return on that investment.
When my friend’s small business was struggling a while back, I suggested he add some social media marketing initiatives, and his answer was that he was “too busy.” His business has since closed, but his mindset is still out there. According to a recent Harvard Business Review article , only 60% of companies today use social media for marketing, and only 12% of those feel that they are using it effectively.
by Ian Smith of Captricity. This is not about running a startup badly, it’s about not doing the things that are not core to your business. The world has changed a lot lately and just about every aspect of a technology company – and especially a web-based company – can be “moved out” to a web-based application provider at a lower cost than doing it yourself.
Though it’s incredibly valuable to be an early adopter of 2012′s tech trends, it won’t hurt your company to be right on time with everyone else who is just discovering them now. It’s not too late to set up a presence on Pinterest and Instagram, and mobile apps aren’t going anywhere anytime soon. However, as always, new tech trends are on the horizon.
This is my personal story of how I went from having a job I did not like at all, not knowing what to do with my life to building several successful businesses. I’ll share my lessons I picked up along the way. It all started in Dubai. I came to Dubai to work for an international non-profit for a year. After the year was over, I landed a job as a sales person for a property portal in Dubai.
This article initially appeared on TechCrunch - with a minor update highlighted in red below. Ah. We’re back to discussing convertible debt again. This time by the efforts of Adeo Ressi to introduce a new kind of structure called “ convertible equity.” I applaud all efforts by people to take on this issue and especially be Adeo who – let’s be honest – was really the first champion of trying to make the VC world more transparent by launching TheFunded, which d
With tens of thousands of new start-ups being created every year, the potential of a company to truly scale and become a large, stand-alone business is more crucial than ever before. A great product is always the foundation but a clear distribution strategy becomes essential to cut through the noise. So most early-stage VCs have started to evaluate investment opportunities with an imaginary benchmark in mind: can this company become a $100 million opportunity?
“Scope creep” (or feature creep) is an insidious disease that kills more good startups than any other, especially high-tech ones, and yet most founders (who may be the cause) never even see it happening. This term refers to the penchant to add just one more feature to the product or service before first delivery, just because you can. The instigators are all well-intentioned – executives talk to potential customers who “must have” a few more things; or the technical team edicts some “technically
by Enrico Moretti, author of “ The New Geography of Jobs ” Over the past three months, Facebook, Zynga and Groupon have lost between 33% and 52% of their market value. They are not alone. Other social networking, online marketing, clean-tech and bio-tech companies have fallen out of favor with some investors, fueling speculation regarding the future of the US technology sector.
Amsterdam-based Rockstart Accelerator , one of the many, many startup accelerators in Europe, is taking the first class of startups who’ve graduated from its six-month program stateside this month. The accelerator, which counts Amazon CTO Werner Vogels among its startup mentors , will be showcasing its first batch of startups (see list below) in Silicon Valley on the 20th of September, followed by a panel discussion about “The Future of the European Startup Community” Sounds ri
Paul Graham’s Startup Curve – avoid the “through of sorrow”! Pintrest, Facebook, Zynga, Dropbox, AirBnb… What do they all have in common? They’ve all used growth hacking techniques to grow their user base from zero to millions (and sometimes hundreds of millions). Growth Hacking isn’t viral marketing (although viral marketing is part of it).
Unlimited Real, Legit Amazon Reviews. Being that I am an, admittedly, relatively unknown author of business books, it was clear that I needed to show credibility immediately. A pretty book cover with a catchy title may get someone to look at your page on Amazon , but it is unlikely to get them to buy it. Ultimately, for a consumer to buy your book, product or service, they want to trust they are making a good decision.
Steve Forbes image via Wikipedia. Presenting your startup vision as a founder to a potential investor, or presenting an idea as an employee to an executive, requires that you effectively communicate, or “translate”, the value proposition into terms that the receiver can fully understand and appreciate. If you fail, it’s your loss, not theirs, no matter what the reason.
Angel investors and venture capitalists don’t invest in non-profits. The simple reason is that it’s impossible to make money for investors when the goal of the company is to not make money. Yet I still get this question on a regular basis, so I’ll try to outline the considerations in common-sense terms. A non-profit organization is generally defined as an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals.
No man is an island. From time to time, we all find we’ve gone as far as we can go on our own. Therein lays the beauty of teamwork: a helping hand to pick you up and see you through to the end. To celebrate the joy of working together, we’ve compiled the definitive list of the best teams ever assembled, along with what each of them has to teach us. We made our picks from all walks of life, from sports to space and from fictional to factual.
There are three ways to grow sales – online and offline both. Only three. However, most companies focus only on one – and are missing out on revenue opportunities. So what are these 3 ways to increase online sales? increase the number of customers, increase the average order size, increase the number of repeat purchases. #1: Increase the number of customers.
The other day, I noticed an eye-catching headline: "Internet Funding Boom Ends as Fast as It Began". It was from the Wall Street Journal--a publication I count on for emphasizing quality journalism over empty linkbaity headlines above hollow stories. Perhaps I need to rethink that. How else can you explain this headline matching a story about a professional social network still trying to explore revenues raising $17mm on an $80mm valuation?
This post was co-written by Eric Ries and Sarah Milstein, co-hosts of The Lean Startup Conference. This year, for the first time, we've added a day of workshops and site visits to The Lean Startup Conference. We’re really proud to present the workshops, which we're holding on December 4, and we wanted to tell you more about them. (We’ll talk about the cool site visits in a separate post.
Giving a presentation is as much an art as it is a craft. And it’s becoming increasingly important in today’s world of startups that those who are going to pitch and present need to have a sense of what to do not just when they’re up in front of everyone, but what to do before and afterward as well. There’s much to do when putting together a presentation that just can’t be covered up by the passion the speaker feels for their subject matter, and I’ve seen plenty of presentations and pitches both
Presenting your startup vision as a founder to a potential investor, or presenting an idea as an employee to an executive, requires that you effectively communicate, or “translate”, the value proposition into terms that the receiver can fully understand and appreciate. If you fail, it’s your loss, not theirs, no matter what the reason. For example, if your investor has been a senior business leader, like Steve Forbes here, you need to transform your message so that it addresses the issues that s
How do companies like GE, Wal-Mart and Honeywell succeed? What is the secret of Jack Welch, one of the most legendary CEO in the business world today? The secret, according to Larry Bossidy and Ram Charan, is “ Execution “ Subtitled The Discipline of Getting Things Done , the New York Times bestseller emphasizes the importance of execution in business, how companies with an execution culture conduct their business affairs, and its three core processes: people, strategy and operations
There are a number of certainties in life. There’s death. And taxes. And if you’re the founder of a successful startup and you’re not named Mark Zuckerberg, there’s the day when you’re replaced as CEO. Don’t pout - your ouster is actually the ultimate validation of your company. So says David Feinleib , author of Why Startups Fail: And How Yours Can Succeed.
UPDATE: Step 2 added following feedback on Twitter. The developer behind Appbot – a service for app developers who want their app store reviews and features in their email inbox – has posted the lessons he learned when building his minimum viable product. There is nothing revolutionary here, but it is a good list of things to do. This is my summary: Build something for yourself, that you would use, especially if you are a first time entrepreneur.
Recently the U.S. Small Business Association (SBA) and AARP announced they are teaming up to train entrepreneurs over the age of 50 who want to start a business. This got me thinking about the youth vs. old guy experience debate and how, after twenty years in entrepreneurship, my view on business, money and worth has changed. Old entrepreneurs are in fact the winners.
One of the more stubborn problems in building a business is the paradox of consistency vs. the pivot. . Consider this: It’s better to have a mediocre strategy consistently applied over three or more years than a series of brilliant strategies, each applied for six months or so. But too often people get bored with consistency and drop a working strategy long before the market understands it.
I’m a very logical guy, so I still fondly remember when new solutions and technologies started trends on the basis of their logical strengths. In today’s world, it seems that emotion, not logic, sparks the new trends that become culture, and drives our devotion or disappointment in new products and brands. How does an entrepreneur best deal with that environment?
by Michael Houlihan, coauthor of “ The Barefoot Spirit: How Hardship, Hustle, and Heart Built a Bestseller “. It seems our society has turned dodging responsibility into an art form. From celebrities who insist that a brush with the law was all a big misunderstanding to political figures who use spin and double-speak to blame everything on the other side, no one wants to admit it when they mess up.
With TechCrunch Disrupt SF 2012 in full swing this week, it’s only a matter of days before a new winner is crowned. We decided to check in with previous Disrupt winners to see how they’ve fared since their victories - and try to determine how it means to ace a high-profile startup contest. Startup contests like TechCrunch Disrupt can generate a lot of hype and interest, but does that translate into any lasting benefit for the startups involved?
This continues a series of columns from practitioners I respect. The category "Real Deal" describes them well. This time it is Praveen Desai, in Cognizant Application Services (CAS) who works closely on innovation projects with the Office of the CIO.
You know the old saying about trust … “It takes years to build and seconds to destroy.” And once destroyed it is very difficult if not impossible to repair. You need to be the guardian of your own reputation. You need to constantly ask yourself whether your actions in rapidly scaling an online community are worth the potential downsides of destroying trust amongst your users.
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