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I did a presentation this week at Coloft that looked at how Non-Technical Founders can go about getting their MVP built. Once you build it, they will now ask you about the key metrics that they need proven in order to see if you really are a good investment. " Once you have the metrics defined, it focuses your effort.
How does a newly hired Chief Technology Officer (CTO) find and grow the islands of innovation inside a large company? How not to waste your first six months as a new CTO thinking you’re making progress when the status quo is working to keep you at bay? But this is the first time he was the CTO of a company this size.
It may give non-technical founders a bit more insight into working styles when it comes to developers. If you’ve ever seen an athlete use a big word in a slightly wrong way, that’s how you sound when you use technical language and you don’t quite know what it means. I.e., they need a developer more than they need a CTO.
I'm going to be looking at aspects like: Things to consider before building your MVP Features often overlooked when documenting an MVP for developers Understanding important metrics you want to measure Risks and challenges in developing an MVP. Do you have a TechnicalAdvisors: Every Web/Mobile Startup Must Have One ?
But these look for founders who have a technical or business model insight and a team. Accelerators provide these teams with technical and business expertise and connect them to a network of other founders and advisors. I don’t have a killer idea, or a technical team, but I do know how to build, grow, and manage teams.”.
New entrepreneurs, especially technical ones, are excited by early adopters, and tend to focus on their feedback, which will always suggest more product features and options. It’s important to define your growth strategy, document it, communicate it to your team, and align metrics and employee rewards to target goals.
Founders that learn are more successful : Startups that have helpful mentors, track metrics effectively, and learn from startup thought leaders raise 7x more money and have 3.5x Technical-heavy founding teams are 3.3x Balanced teams with one technical founder and one business founder raise 30% more money, have 2.9x
Startups that have helpful mentors, track metrics effectively, and learn from startup thought leaders raise 7x more money and have 3.5x They also over-invest in solo founders and founding teams without technicalcofounders despite indicators that show that these teams have a much lower probability of success.
Startup Killer: the Cost of Customer Acquisition | For Entrepreneurs , February 2, 2010 Looks at the critical equation around customer acquisition cost vs. customer lifetime value similar to what I discussed in Startup Metrics but in more depth. Great stuff. Good stuff from Jason. How Unique Is A Unique Visitor? -
Well yeah, you could potentially find a cofounder. With higher pricing and other things in that nature, maybe annual pricing and so on, you could probably get enough money together to start having an employee if a cofounder doesn’t sound good. And again, that doesn’t have the metrics that a VC wants.
For most of my career, I’ve served startups and early-stage companies as an operating executive or advisor. This is why I encourage almost every startup founder to find a partner or a cofounder. In this post, Stephano explores this critical but often misunderstood executive role. How to Choose a COO.
Ten years ago, Ward Cunningham published a Youtube video that introduced the concept of “technical debt” to the world. Anish Sebastian and Juan-Pablo Segura cofounded Babyscripts in 2013 with the vision that internet enabled medical devices and big data would transform the delivery of pregnancy care.
link] fnazeeri That’s absolutely correct, although we can look at other metrics like “step up in subsequent rounds&# on which I hopefully will be able to post more soon. link] Matt Mireles As a first time non-technical CEO who started off solo, having 2 technical co-founders is awesome. link] fnazeeri Good points.
Our categorization is not a technical one. This structure allows for alignment on the front end, and real-time flexibility for performance metrics,” says Samira Salman , a family office investor and advisor. . Early-stage: Cofounder with engineering/ product background from top-tier university or major technology company.
VMware—Diane Greene. (*) While not technicallycofounders, Andy Grove and Thomas Watson, Sr. Andy Grove was Intel’s third employee (after the two cofounders Robert Noyce and Gordon E. Despite this dynamic history, modern record company executives badly missed the most sweeping technical innovation—the Internet.
Additionally, on average, businesses receive data and metrics from 28 unique sources. Michael Katz the cofounder and CEO of mParticle. While they both have made strides in making their integrations and tools easy to use for the non-technical-marketer, it does take some time to get up and running. Use cases for CDP’s.
How cofounders can collaborate without going crazy. What I’m challenged with as a small business owner is, I don’t know if it’s the press, or if it’s just the culture in general, but there’s this pressing vanity metric of, How much capital have you raised? And the technical term is, fool.
The funny part is that I didn’t realize Eventbrite had male cofounders since Women 2.0 always spotlighted Julie Hartz, cofounder and wife of Kevin. ConnectGroup – developed relationship with a Hilton general mgr in the south bay, then he became an advisor for Connect, got them into a few other hotels.
Chatting with CEO and cofounder Kaufer this week, I was reminded of the fact that the company started with a very different business model in mind. I took a few of the relevant metrics – unique visitors, revenue and market capitalization – and calculated a few ratios to demonstrate how good a job TripAdvisors does at monetizing their users.
But we got serious in early 2016 when we developed deep conviction around the immense technical vision of Ethereum. We invest in protocols that meet our quantitative and qualitative metrics. But we never lost the finance bug. We’ve been investing in cryptoassets since 2013. The fund returned ~8x in 24 months. Factom, Inc.
And show that you’re focused on the metrics that matter: revenue numbers, engagement traction, etc. Put another way, the ideal financing partner is a financing cofounder. Identify the right metrics for success. Eric also showed deep technology capabilities, proving our technical chops.
You want to vet your metrics with experts in your industry, see if there are any holes in your presentation, and make sure it reads well before you pitch your investors. We always used advisors or mentors to vet numbers and the block and tackle items within a pitch.”. See Also What to Include in Your Pitch Deck. Now, you want feedback.
How cofounders can collaborate without going crazy. Bob: I’ve come around to the opinion that the metric of how many people join X service is pretty worthless when it comes to monetization. How to move from a free to a paid product without losing all your users. Of course they’d be happy about that.
Some other candidate sources are ok, but I always got bad results from technical recruiters. Pay a lot of attention to the relationship between cofounders, especially if both/all of you want to be CEO. Share results (financial and key metrics) with the company every month. The last five words there are important. Keep going.
skip to main | skip to sidebar SoCal CTO Thursday, March 22, 2007 Discussion Creation Among Bloggers - LinkedIn, Blogging and Discussion Groups Ive been participating in a Yahoo Group that are users of LinkedIn and who are Bloggers: [link] Its an interesting group of folks from diverse backgrounds.
skip to main | skip to sidebar SoCal CTO Friday, February 23, 2007 Events and Networking in Los Angeles One of the issues I discussed in Innovation and Geography was that the geography and traffic in Los Angeles generally makes it more difficult for networking. He has twenty years’ experience as a CTO.
skip to main | skip to sidebar SoCal CTO Tuesday, February 27, 2007 Stanford Podcasts - eHarmony - Greg Waldorf I was just pointed to a set of great podcasts done by Stanford B-School and particularly, I just listed to the podcast by eHarmonys Greg Waldorf. He has twenty years’ experience as a CTO.
skip to main | skip to sidebar SoCal CTO Tuesday, February 20, 2007 Innovation and Geography I ran across a post in Read/Write Web - Does Location Matter in Web Innovation? eHarmongy) as an acting CTO. My only other complaint is that right now its very hard to find good technical people at all levels.
skip to main | skip to sidebar SoCal CTO Saturday, February 17, 2007 Finding Good Developers in Los Angeles? Im part of a CTO group that meets once a month to discuss various topics. He has twenty years’ experience as a CTO. He has been the CTO for several start-ups, most notably eHarmony.
link] [link] Posted byTony Karrer at 5:33 PM 0comments: Post a Comment Newer Post Older Post Home Subscribe to: Post Comments (Atom) About Me Tony Karrer Dr. Tony Karrer is CEO/CTO of TechEmpower , a Los Angeles Web Development firm, and is considered one of the top technologists in e-Learning. He has twenty years’ experience as a CTO.
skip to main | skip to sidebar SoCal CTO Tuesday, March 20, 2007 Time Rich, Time Poor and Apple Jeremy Liew at Lightspeed Venture Partners has an interesting post: Time Rich or Time Poor? He has twenty years’ experience as a CTO. He has been the CTO for several start-ups, most notably eHarmony.
skip to main | skip to sidebar SoCal CTO Saturday, February 17, 2007 A Different Kind of Incubator - The Hive I recently met with The Hive a new incubator in Orange County. He has twenty years’ experience as a CTO. He has been the CTO for several start-ups, most notably eHarmony.
skip to main | skip to sidebar SoCal CTO Saturday, February 17, 2007 Where LinkedIn Works for Me Ive been a long time user of LinkedIn , but only recently have started getting the benefits I always expected. He has twenty years’ experience as a CTO. He has been the CTO for several start-ups, most notably eHarmony.
skip to main | skip to sidebar SoCal CTO Sunday, February 25, 2007 Challenge of Predicting Winners I just read a bit on the payout to YouTube from the Google Acquisition ( Internet News , CNN ). He has twenty years’ experience as a CTO. He has been the CTO for several start-ups, most notably eHarmony.
skip to main | skip to sidebar SoCal CTO Monday, March 12, 2007 MyShape Article - Analyst Misses the Point The NY Times did a piece today on MyShape, a start-up in Pasadena - Log in Your Measurements, and the Clothes May Fit. He has twenty years’ experience as a CTO. Attorney and Startup Business Advisor – Aaron Shec.
skip to main | skip to sidebar SoCal CTO Thursday, March 1, 2007 Entreprenuer Network Great post by Ben Kuo - The Importance of the “Network&# to Entrepreneurs - the informal connections between people in the technology industry here who have a vested interest in helping entrepreneurs take their companies to the next level.
skip to main | skip to sidebar SoCal CTO Saturday, February 17, 2007 About this Blog Ive been thinking about doing a blog with my thoughts on technology and whats happening in the Los Angeles area technology scene for a while, but it was Ben Kuos recent start of a blog that inspired me to actually go ahead and do it. Thanks Ben.
skip to main | skip to sidebar SoCal CTO Sunday, February 25, 2007 Interesting Model for University President Saw a post by Paul Kedrosky pointing us to Graeme Thickins on How Stanford Does It. He has twenty years’ experience as a CTO. He has been the CTO for several start-ups, most notably eHarmony.
skip to main | skip to sidebar SoCal CTO Wednesday, February 28, 2007 Google Maps Mobile I recently downloaded Google Maps Mobile for my Treo. He has twenty years’ experience as a CTO. He has been the CTO for several start-ups, most notably eHarmony. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO?
skip to main | skip to sidebar SoCal CTO Tuesday, March 13, 2007 8 Ways the Internet has Changed Software Marketing Great post - 8 Ways The Internet Changed Software Marketing - is an interesting take on how different it is these days to market software. He has twenty years’ experience as a CTO. Good stuff.
skip to main | skip to sidebar SoCal CTO Tuesday, March 20, 2007 Kevin Federline Search Engine Just saw a post - Sleep with a pop star, get your own branded search engine. He has twenty years’ experience as a CTO. He has been the CTO for several start-ups, most notably eHarmony.
skip to main | skip to sidebar SoCal CTO Friday, March 9, 2007 Map of VC Investments Found this Map of 2006 VC Investments post. He has twenty years’ experience as a CTO. He has been the CTO for several start-ups, most notably eHarmony. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO?
Tony Karrer is CEO/CTO of TechEmpower , a Los Angeles Web Development firm, and is considered one of the top technologists in e-Learning. He has twenty years’ experience as a CTO. He has been the CTO for several start-ups, most notably eHarmony. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO?
Maybe youd like to start with The lean startup , How to listen to customers , or What does a startup CTO actually do? ) Because of IMVUs reputation, Ive also had the opportunity to serve as an advisor or board member for more than a dozen startups. It was by far the most intense and most rewarding experience of my professional life.
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