article thumbnail

What Would Happen if you Built the Reverse of Amazon? It Might Look Something Like This …

Both Sides of the Table

” Bill Gross, who is one of the Godfathers of the Internet, once told me, “ If you don’t design a product that is 10x better than the competition then you’ll never build anything truly big or amazing.” After 9 months it was time to raise seed capital and go test drive our new software and processes.

article thumbnail

How DogVacay Literally Saved my Thanksgiving

Both Sides of the Table

.” He didn’t have a product or a tech team at the time so it wasn’t really at a stage where I could fund it. Their business model was to help young companies accelerate their launch by helping assemble a team, do initial marketing, provide seed capital and help them raise financing.

San Diego 344
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is the Lean Startup concept of MVP dead?

VC Cafe

Ditch the business plan and when assumptions are proven wrong, pivot Customer Development: Build a product your customers want (vs. what you think they might need) by talking to customers and testing every aspect of the product features, pricing, etc. Maximum Viable Product. The MVP needs to be more viable than minimal.

Lean 214
article thumbnail

This Week in VC Episode 6 with @Jason Calacanis: Best One Yet

Both Sides of the Table

StackOverflow is a free Q&A site for software developers, blending functionality from wikis, blogs, forums, and social voting (similar to Digg/Reddit); 7.1mm unique visitors per month; new funds will be used to build out engineering team and build out product. I first discovered it from Dharmesh Shah’s blog OnStartups.

Stealth 285
article thumbnail

How a Seed VC Approaches Pre-Product Startups

View from Seed

Editor’s note: At a recent team meeting at NextView, we looked at the high number of startups we invested in which were pre-product at the time. The question arose: What is a seed VC’s process like when a company is pre-product? A big chunk of our investments at NextView have been made pre-product.

Product 120
article thumbnail

How We are Investing Through The Covid Correction

View from Seed

Similarly, FOLD has always held seed investors back from doing second seed or late seed investments for fear that they are being suckered into something that others have already passed on.

Cofounder 194
article thumbnail

Startup Stock Options – Why A Good Deal Has Gone Bad

Steve Blank

We slept under the tables, and pulled all-nighters to get to first customer ship, man the booths at trade shows or ship products to make quarterly revenue – all because it was “our” company. And Mark Suster of Upfront Capital has a great post that summarizes these changes. It’s called Growth capital.