Remove Companies Remove Ideas Remove Metrics Remove Writing
article thumbnail

How To Take Your Business Idea From Dream To Reality

Startup Professionals Musings

They can talk with passion about their innovative new idea, and ask lots of questions, but never seem to really get started. The challenge we all have as business founders is to move from the idea stage to a real business. Always write in the future tense, what you will do, and name yourself as the key person responsible.

Ideas 99
article thumbnail

The Changing Venture Landscape

Both Sides of the Table

I’m over-paying for every check I write into the VC ecosystem and valuations are being pushed up to absurd levels and many of these valuations and companies won’t hold in the long term. However, to be a great VC you have to hold two conflicting ideas in your head at the same time. By definition?—?I’m dot-com bonanza.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Praying to the God of Valuation

Both Sides of the Table

I have often thought that creative endeavors where one has a quick turn-around between idea and realization of one’s work as one of the more fulfilling experiences in life. And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics.

article thumbnail

5 Keys To Satisfaction When Starting A New Business

Startup Professionals Musings

These are ones behind many of the modern game-changing companies, like Pinterest and Tesla. Put it behind you by setting your own realistic metrics for success and happiness. Then write them down. By writing these goals, you add validity to each target and create a mental desire to see them fulfilled.

article thumbnail

How I Invest

Both Sides of the Table

I was speaking recently to the team at NuOrder , an LA-based company we’re an investor in about “realism in startups” — an impromptu talk I have given to any of our portfolio companies who ask. I answered in the same way I always do so I thought I’d just write it publicly. “I I work with a few computer vision companies.

Invest 254
article thumbnail

If You Don’t Have a Discrete Hypothesis You Are Incapable of Failing

Both Sides of the Table

There are very few people in Silicon Valley who have such a precise grasp on what defines success of early-stage startup companies than Eric Ries. should companies do spreadsheets / plan / have a hypothesis for success? how do you handle internal company morale? 9:14 What was the root cause of the failure of your first company?

article thumbnail

6 Essential Leadership Practices Raise Accountability

Startup Professionals Musings

For example, instead of quick slide presentations, teams at Amazon write six-page memos to lay out ideas in narratives to be read in silence at the start of a meeting. Richard Branson , who manages many companies, even provides feedback by walking around the cabin and talking directly to his key staff during his Virgin flights.

Coach 145