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One of the Biggest Mistakes Enterprise Startups Make

Both Sides of the Table

The era of VCs investing in successful consumer Internet startups such as eBay led to a belief system that seemed to permeate many enterprise software startups that hiring sales or implementation people was a bad thing. We only want software revenue.” We prefer to sell software, not get involved with client systems.”

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Your Toughest Competitor May be Your Best Partner

Startup Professionals Musings

Yet a creative collaboration with your biggest competitor may be the best opportunity for revenue and survival. Your goal is “ coopetition ” - to find a way to partner with your competitor in such a way that both parties can substantially benefit from the other's resources - without stealing customers or damaging anyone's credibility.

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Beware of Ballers on a Budget

Both Sides of the Table

My partner Steven Dietz is an expert on cars (and auto startups having funded DealerTrack , TrueCar , Digital Airstrike , Uparts and others) and I called him and he said, “Decline everything. Your 2am coding session is more important than their 2am cocktails on the redeye back from Japan where they have no customers. Sell stuff.

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The right way to position against competition

A Smart Bear: Startups and Marketing for Geeks

There's no competition because this is an industry that has never used software to solve this problem.". I know that sounds like a good thing, but what this also implies is that you'll have to convince computer-phobic people to trust software, and that's a disadvantage. But uniqueness doesn't imply lack of competition!

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Are Business Plans Still Necessary?

Both Sides of the Table

That died with waterfall software development. I’m not even talking about your 12-page Powerpoint presentation that you need to raise venture capital or to talk with potential biz dev partners. Let’s take your revenue line. Ditto for enterprise software companies. Each quarter you should review your model.

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Praying to the God of Valuation

Both Sides of the Table

There were startups and a software industry but barely. We had nascent revenues, ridiculous cost structures and unrealistic valuations. SEEING THINGS FROM THE VC SIDE OF THE TABLE While I was a VC in 2007 & 2008 those were dead years because the market again evaporated due the the Global Financial Crisis (GFC). It was 1991.

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It’s Not How Big It Is – It’s How Well It Performs: The Startup Genome Compass

Steve Blank

More than 90% of startups fail, due primarily to self-destruction rather than competition. They believe that they can crack the code of innovation and turn entrepreneurship into a science if they had hard data rather than speculation of why startups succeed or fail. 74% of high growth Internet startups fail due to premature scaling.