Startup Professionals Musings
FEBRUARY 21, 2020
Many of the entrepreneurs I advise or invest with spend considerable time on the Internet, keeping up with technology, customers, and competitors, but very few feel the need for an early personal presence. In fact, some totally avoid it, assuming their product or solution will speak for itself later.
Startup Professionals Musings
JUNE 26, 2020
As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. What you don’t realize is these famous investors only deal with entrepreneurs who sold their last company for a $100M dollars or more. You need both to survive.
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Startup Professionals Musings
JANUARY 30, 2021
Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. Defining the right business model requires the same diligence as designing the right product, but the approach and skills required are different.
Startup Professionals Musings
OCTOBER 10, 2021
Every technical entrepreneur is an early adopter of technology, so naturally they build things with people like themselves in mind. The good news is that early adopters are never reluctant to sign up as beta customers and will provide you early feedback on product quality. Psychologists call this the confirmation bias.
Startup Professionals Musings
SEPTEMBER 18, 2023
How many entrepreneurs do you know that “almost” made it big? Surveys show that entrepreneurs are among the happiest people in the world, despite the challenges. As an advisor to many entrepreneurs and startups, I’m always looking for early signs that usually lead to an “almost” success, but I have found them hard to pin down.
Startup Professionals Musings
SEPTEMBER 16, 2023
The rate of new entrepreneurs increased between 2013 and 2021, from 280 to 360 out of 100,000 of the adult population. Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever.
YoungUpstarts
MAY 21, 2020
Like most entrepreneurs, you’ve probably mapped out the business plan, dreamed up the layout and you’re already snapping up domains and emailing developers with your plan. Before rushing to build your concept to push out to consumers, it’s important to first undertake product discovery. Why is product discovery important?
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