InfoChachkie

JANUARY 5, 2015

In his premier film appearance in the blaxploitation send-up “I’m Gonna Git You Sucka,” Chris Rock inadvertently addresses a key pricing challenge faced by most entrepreneurs. Watch this 93-second clip and see if you can identify the pricing pitfall addressed in this humorous snippet. Price = Value. How Much For A Rib?

Pricing 100

Pricing Product Startup Customer 100

Startup Professionals Musings

MAY 26, 2023

The cost of any new product these days must include education and rollout marketing, perhaps equal or greater than the development costs. Solution may require new category development time. Target audience may be limited or new due to price. Even more important than solution marketing is building your brand.

Product 141

Product Services Technical Review Artificial Inteligence 141

SoCal Tech Calendar

OCTOBER 31, 2008

Thursday, November 6, 2008 -- "Recession-proof Pricing Strategies for a Multi-platform World" Technology Council. Today's technology companies increasingly must deliver products on multiple platforms to satisfy customer demand and competitive pressures.

Pricing 100

Pricing Technology Council Framework Platform 100

Startup Professionals Musings

MAY 23, 2013

One of the toughest decisions for a startup is how to price their product or service. The alternatives range from giving it away for free, to pricing based on costs, to charging what the market will bear (premium pricing). In this more traditional product pricing model, the price is set at two to five times the product cost.

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Pricing Product Customer Custom 116

Both Sides of the Table

SEPTEMBER 10, 2021

On the other hand, the biggest winners will turn out to be much larger than the prices people paid for them and this will happen faster than at any time in human history. At the time I wasn’t 100% sure but he made compelling arguments about how other markets have developed as they matured so I took note. Secrets of Sand Hill Road.

Venture Capital 471

Venture Capital Writing Invest Pricing 471

Both Sides of the Table

SEPTEMBER 15, 2022

<== Our conclusion was that this isn’t a temporary blip that will swiftly trend-back up in a V-shaped recovery of valuations but rather represented a new normal on how the market will price these companies somewhat permanently. When you look at how much median valuations were driven up in the past 5 years alone it’s bananas.

Venture Capital 416

Venture Capital Marketing Technical Review Seed Funding 416

socalTECH

SEPTEMBER 11, 2013

XPRIZE , the nonprofit organization which has been using large dollar prize competitions to spur innovation in a wide range of areas, has booted up a brand new, $2M prize around ocean health, the group said this week. xprize ocean health carbon dioxide emissions competition prize' The XPRIZE Foundation said that. READ MORE>>.

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Southern California Technical Review Competition Organization 204

Startup Professionals Musings

DECEMBER 26, 2010

One of the toughest decisions for a startup is how to price their product or service. The alternatives range from giving it away for free (like Twitter), to pricing based on costs, to charging what the market will bear (premium pricing). Portfolio pricing. Tiered or volume pricing. Competitive positioning.

Pricing 98

Pricing Product Startup Competition 98

socalTECH

JANUARY 30, 2018

Los Angeles-based dating app developer Tinder should not be allowed to charge extra for older users to use the app, according to an appeal court ruling, issued Monday. Candelore had alleged that Tinder's pricing was age discrimination under the Unrah Civil Rights Act and the Unfair Competition Law. READ MORE>>.

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Class Los Angeles Pricing Competition 113

Startup Professionals Musings

OCTOBER 16, 2023

Projecting financials is a natural extension of the homework every entrepreneur needs to do on customer opportunity size, product costs, pricing, competition and customer value. For additional value, I suggest the use of a spreadsheet such as Excel as a financial model, with a few variables, like price and volume.

Startup 116

Startup Pricing Sales Statistics 116

Startup Professionals Musings

AUGUST 28, 2022

Employees and customers alike are looking for meaning, not simply employment and commodity prices. He outlines a three-phase process to develop the necessary business culture of energy, resilience, and openness: Nurture your current leadership strengths. Highlight leaders with business acumen as well as purpose as role models.

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Organization Startup Pricing Customer 143

Startup Professionals Musings

MARCH 10, 2023

Solution development and delivery. Products and services for a business need to be attuned to customer requirements, cost and quality tradeoffs, with milestones for pricing and completion. Hobbies are developed ad-hoc, driven by personal needs. No mention usually means no plan and not competitive.

Outsource Development 115

Outsource Development Startup Competition Ideas 115

Startup Professionals Musings

MAY 1, 2021

Aspiring entrepreneurs ask me why their great idea hasn’t sold; they talk about it endlessly, and they expect others to do the development, finance, and marketing work for them. It can also be very inspiring, as you watch your dream morph into reality, or as you feel each little element of success: Watch your team develop new skills.

Startup 160

Startup Patents Competition Social Network 160

TechCrunch LA

APRIL 9, 2020

Before the health crisis shutdown most of Italy, Energica had already seen larger demand for its high-performance e-motos, with a price range of $17,000 to $23,000. The venture is also one of the few e-motorcycle companies drawing engineering tips from competition. Track competition is a secondary arena for Energica.

Technical Review 277

Technical Review Competition Demand Sales 277

Tech Zulu Event

MARCH 19, 2015

Computers and the Internet have now brought in a new era that relies on data to make profitable business decisions in the competitive environment. Below is a full explanation of how small businesses can leverage technology to earn a competitive advantage in the marketplace. Cloud Services. Social Media Automation Tools. CRM Platforms.

Competition 40

Competition Technology Social Media Tips 40

Tech Zulu Event

MAY 7, 2013

The EA Conference annual fast pitch competition offers aspiring entrepreneurs the opportunity to pitch their business idea in 90 seconds or less to a panel of judges, providing high exposure to the investment and Venture Capitalist community. Get 20% off ticket prices by CLICKING HERE. TZ Hookups. William Hsu, co-founder of MuckerLab.

Competition 82

Competition UCLA Entrepreneur Conference 82

TechCrunch LA

MARCH 31, 2021

The sweeping infrastructure package put forward today by President Joe Biden comes with a price tag of roughly $2 trillion (and hefty tax hikes) but gives startups and the broader tech industry about $1 trillion worth of reasons to support it. A Biden presidency doesn’t need a Green New Deal to make progress on climate change.

Startup 229

Startup Technical Review Invest Research 229

Startup Professionals Musings

FEBRUARY 15, 2021

It provided an industry-leading graphic development interface, but was not so strong on modeling and simulation. As a result, we shared in capturing a new high-end market, without major new marketing or development. Of course, this path involves some risk, but you never get anywhere unless you take a chance.

Startup 173

Startup Outsource Development Examples Customer 173

Xconomy

FEBRUARY 21, 2020

The price of insulin, a life-saving treatment discovered a century ago, has been a flashpoint amid the broader drug pricing debate. The FDA is trying to tame high insulin prices by encouraging price competition. The FDA has historically regarded insulin as a drug.

Pricing 79

Pricing Competition Product Marketing 79

Berkonomics

MAY 28, 2020

But for most, the true sign of success and potential for even more is in the landing of a major account, one that validates the pricing, quality and competitive advantages of a company’s offering. Aim high for that major account. How large a fish can you handle? A personal story about dealing with too large a company.

.Net 156

.Net Resource Competition Customer 156

TechCrunch LA

DECEMBER 8, 2020

That’s presented an opportunity for developers (or as they are more commonly called in the US, property investors) who buy up those properties and put in the work themselves to make them more sales-friendly. “It’s shameful what property developers have become,” Stech said.

Sales 282

Sales Demand San Diego Funding 282

Startup Professionals Musings

JANUARY 23, 2021

In reality, resource constraints should be seen by startups a competitive advantage, by forcing them to develop new markets, and to think differently and act differently than existing players. Adding priced services is another way to augment a product business. Create new kinds of solutions. Marty Zwilling.

Startup 164

Startup Resource Entrepreneur Competition 164

Both Sides of the Table

MAY 30, 2018

VC firms see thousands of deals and have a refined sense of how the market is valuing deals because they get price signals across all of these deals. As an entrepreneur it can feel as intimidating as going to buy a car where the dealer knows the price of every make & model of a car and you’re guessing at how much to pay.

Venture Capital 324

Venture Capital Pricing Startup Invest 324

Tech Zulu Event

OCTOBER 7, 2015

Perhaps it should come as no surprise that the cloud price wars have flared up once again. After taking a brief hiatus amidst nervous tensions, competition between cloud computing vendors has reached a fever pitch in the past month. The cloud price wars (sometimes known as the “Race to Zero”) aren’t exactly a new phenomenon.

Pricing 40

Pricing Cloud Computing Google Platform 40

Berkonomics

NOVEMBER 25, 2021

Making such predictions is a skill that can be developed, and here’s one method of doing so. Fourth is competitive risk. These include having a current knowledge of competitors’ hiring practices, pricing strategy, and more. First let’s eliminate external risks for this conversation. This consists of two separate risks.

Competition 156

Competition Marketing Class Product 156

Startup Professionals Musings

SEPTEMBER 16, 2022

Fixed price bidding is the only effective outsourcing model.” Getting a fixed price bid works for well-defined short-term projects, like blogging or programming. Fair compensation is the lowest price we can negotiate.” I’ll outsource software development, since I don’t understand it.” Be flexible.

Outsource Development 138

Outsource Development Outsource Summary Training 138

Startup Professionals Musings

JULY 30, 2023

Incidentally, if you never thought of yourself as being an A-Player employee, you probably will struggle even more in the competitive entrepreneur world. These look exactly like the strategies I have been recommending to every entrepreneur for growing their business, versus developing a solution.

Entrepreneur 85

Entrepreneur Customer Custom Competition 85

Both Sides of the Table

NOVEMBER 2, 2010

As a tech startup grows it needs to develop more process & management if it is to scale. Some objections are real and they end up becoming changes to your product, your service plan or your pricing / bundling. Prices are too high – Inexperienced sales reps will try to convince you they need to lower price to win deals.

Sales 289

Sales Startup Training Pricing 289

Both Sides of the Table

APRIL 3, 2014

They like a solid product, well defined pricing, good references to sell against, a clear quota and well defined competitors. Sales people will often blame your pricing. They lost the deal because your competitors dropped price. Customers seldom buy on price. Sure, you need to be competitive on price.

Sales 382

Sales Help Startup Pricing 382

Startup Professionals Musings

MAY 10, 2021

Experienced entrepreneurs will tell you that the initial idea is the easy part, and it’s the later implementation, and the competitive business marketing that are the real creative challenges. Many businesses have found that raising the price of a product to give it status can win more customers than a price war.

Ideas 171

Ideas Patents Training Entrepreneur 171

Startup Professionals Musings

NOVEMBER 9, 2020

Incidentally, if you never thought of yourself as being an A-Player employee, you probably will struggle even more in the competitive entrepreneur world. These look exactly like the strategies I have been recommending to every entrepreneur for growing their business, versus developing a solution.

Entrepreneur 159

Entrepreneur Customer Custom Competition 159

Startup Professionals Musings

JUNE 7, 2020

Solution development and delivery. Products and services for a business need to be attuned to customer requirements, cost and quality tradeoffs, with milestones for pricing and completion. Hobbies are developed ad-hoc, driven by personal needs. No mention usually means no plan and not competitive.

Entrepreneur 131

Entrepreneur Outsource Development Startup Competition 131

Startup Professionals Musings

FEBRUARY 5, 2021

If you don’t have a destination, don’t waste your money trying to get there, and don’t expect anyone to support you along the way Projecting financials is a natural extension of the homework every entrepreneur needs to do on customer opportunity size, product costs, pricing, competition and customer value. Quantify overhead costs.

Startup 147

Startup Pricing Sales Statistics 147

Startup Professionals Musings

NOVEMBER 4, 2022

It takes a long immersion in the marketplace for someone to be a true insider, understand the subtleties of the competitive landscape, recognize the people who are true assets (independent of titles), and look through the propaganda of technical collateral and PR campaigns. The industry veteran. The financial suit. The operations superstar.

Technical Advisors 123

Technical Advisors Startup Outsource Development High Tech 123

Xconomy

OCTOBER 28, 2016

. —Two Vertex rivals touted early-stage data at the NACFC conference: Belgium-based Galapagos , which is developing its own triple combination regimen, and Netherlands-based ProQr Therapeutics (NASDAQ: PRQR ), which is advancing an RNA-based CF drug sprayed into the lungs. THIS WEEK IN DRUG PRICING…. billion last year.

Pricing 40

Pricing Conference News Study 40

Tech Zulu Event

JULY 24, 2014

Whether due to technological, regulatory, or competitor driven factors, key market dynamics you envisioned when you came up with your idea, did your research and developed your business plan, no longer apply. When projections about the size of your market or pricing strategy are off, you need to start working on a major redirection.

Startup 98

Startup Competition Examples Customer 98

Startup Professionals Musings

JUNE 11, 2023

Customers react poorly when they hear your value claims for them, and see more value to you (bottled water in your hotel room at a high price as a “convenience” to you). If you are looking for a lasting competitive advantage, I recommend that you follow the steps outlined here to create experiences that your customers crave.

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Customer Custom Social Media Training 131