Startup Professionals Musings

MARCH 6, 2023

The Internet is the problem, by facilitating constant change, and it’s the solution, by providing an absolutely current view of customers, trends, and best practices. The Internet is the source of data for alternative views, and social media allows direct customer interactions to test these views.

Social Media 120

Social Media Startup Entrepreneur Education 120

Startup Professionals Musings

FEBRUARY 16, 2018

The market is changing so fast these days, and if you are not planning a solution today for tomorrow’s customers, you may be setting yourself up for failure and don’t even realize it. There are many free generalized tools, including Google Trends , which can be used to track customer behavior in looking for things that don’t exist yet.

Customer 57

Customer Custom Technical Review Software Review 57

Startup Professionals Musings

SEPTEMBER 12, 2021

The size of the document should be based on your style, but 10-20 pages or slides are usually more than adequate to outline even a complex business. In fact, they are probably in such a hurry to give you money that they don’t want you to waste time writing anything down and passing it along to new investors.

Technical Review 126

Technical Review Writing Entrepreneur Slides 126

Startup Professionals Musings

JULY 31, 2023

I was most impressed with the steps he outlined for turning ideas into goals into results, which I paraphrase here for aspiring entrepreneurs: Write down your goals or your dreams. Writing something down is the first step toward moving forward and making it real. It’s time to get the help you need.

Writing 92

Writing Ideas Startup Entrepreneur 92

Startup Professionals Musings

FEBRUARY 19, 2021

Another mistake many consultants make is to charge by the hour, and customers lose track and lose confidence as things change. Speak to people, rather than write a document every time you want a change. Have "customers", not "clients." This is a minor semantic point, but an important one to the customer.

Startup 150

Startup Slides Email Customer 150

SoCal CTO

APRIL 2, 2013

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. Have you conducted Problem, Solution and Feature Interviews with customers?

CTO Coach 219

CTO Coach Metrics Framework Software Development 219

Both Sides of the Table

MAY 14, 2018

Here’s Why You Should Just Send the Deck I know you have your document sending tool to send your fund-raising deck to VCs and track who read your deck, which pages they read and how much time they spend on each page. I Know Everybody Told You to Send Your Fund-Raising Decks as a Link. What should not be in your deck?

Funding 239

Funding Venture Capital IP Email 239

Berkonomics

NOVEMBER 17, 2016

Everyone who manages a company or its sales force wants to write as many new deals as possible, and is usually warry about doing anything that might threaten the positive outcome of a pending sale. Do so within the offer document and with a personal comment with delivery of the offer. Deadlines are an important sales tool.

Sales 120

Sales Tool Writing Customer 120

Startup Professionals Musings

JUNE 6, 2020

The Internet is the problem, by facilitating constant change, and it’s the solution, by providing an absolutely current view of customers, trends, and best practices. The Internet is the source of data for alternative views, and social media allows direct customer interactions to test these views.

Social Media 127

Social Media Startup Education Entrepreneur 127

Startup Professionals Musings

NOVEMBER 13, 2020

I was most impressed with the steps he outlined for turning ideas into goals into results, which I paraphrase here for aspiring entrepreneurs: Write down your goals or your dreams. Writing something down is the first step toward moving forward and making it real. It’s time to get the help you need.

Ideas 121

Ideas Writing Startup Entrepreneur 121

Both Sides of the Table

JUNE 23, 2013

I’ve been writing a series on a simple methodology that we used at my first enterprise software company. Simply, this is identifying a customer need that has economic value to them if they can solve it. This solves the customer question, “Why Buy Anything?”. There are many out there and many books have been written on the topic.

Sales 328

Sales Customer Custom Examples 328

Startup Professionals Musings

MARCH 14, 2015

The instigators are all well-intentioned – executives talk to potential customers who “must have” a few more things; or the technical team edicts some “technically elegant” options that they can’t resist adding before release. Here are five basic rules to live by: Document the requirements. Lock down the sign-off authority.

Technical Review 104

Technical Review Product Software Review High Tech 104

Startup Professionals Musings

OCTOBER 16, 2020

Too many of you business owners think success only means being the next Amazon, or you stress yourself out trying to be everything to every customer. Understand and write down every expense, and budget for required costs, especially initial inventory and accounts receivable delays. Meticulously manage cash inflow and outflow.

Customer 125

Customer Custom Tool Writing 125

Both Sides of the Table

MAY 19, 2018

Your historical trading information including financials and a “customer file” which shows the history of your transactions so that investors can run “cohort” analyses Customer reference, personal references, key team members, compensation, cap table, stock option plan, etc. It doesn’t. The data room is where your process goes to die.

Funding 336

Funding Venture Capital Startup Email 336

Startup Professionals Musings

OCTOBER 19, 2013

The instigators are all well-intentioned – executives talk to potential customers who “must have” a few more things; or the technical team edicts some “technically elegant” options that they can’t resist adding before release. Here are five basic rules to live by: Document the requirements. Lock down the sign-off authority.

Technical Review 110

Technical Review Startup Software Review High Tech 110

Startup Professionals Musings

SEPTEMBER 2, 2018

For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. If you can’t quantify or document your service for repeatability and new employee training, you will kill yourself trying to grow the business. The customer experience is more than the service.

Services 72

Services Startup Training Writing 72

InfoChachkie

APRIL 16, 2012

The Lean Startup approach dictates that successful customer development is an iterative process. Eric (Ries) was a student in one of the very earliest customer development classes at Berkley. Large companies write business plans, why of course, that’s the organizing document for a startup. Preaching What You Live.

Startup 229

Startup Class Press Custom Development 229

Startup Professionals Musings

JULY 9, 2021

In a two-minute video clip, you can introduce yourself, show your passion and the engaging personality you need to win over customers, partners, and employees. Disciplining yourself to write down the plan is actually the best way to make sure you actually understand it yourself. Executive summary glossy. Written business plan.

Entrepreneur 156

Entrepreneur Tips Funding Startup 156

Tech.Co

FEBRUARY 5, 2019

With the sudden death of its founder, Gerald Cotton, customers are owed an estimated $190 million due to a missing password only he knew. A huge amount of cryptocurrency is believed to be stored on a device that is now inaccessible, leaving customers in the dark as to what has happened to their funds. Earlier Troubles for QuadrigaCX.

News 161

News Customer Custom Commerce 161

Startup Professionals Musings

APRIL 17, 2020

Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. You have to be able to communicate effectively in all the common forms, including business writing, as well as talking, presenting, and producing videos.

Writing 125

Writing Entrepreneur Summary Email 125

Both Sides of the Table

MAY 21, 2017

Ultimately the Goldman Sachs report gets picked up by a journalist who writes a hyperbolic headline with emphatic conclusions because nobody wants to read that tomorrow will be just like today. Since I had built 2 document management companies I knew all the reasons why building a document management company would “never work.”

Venture Capital 182

Venture Capital Statistics Writing Report 182

Startup Professionals Musings

NOVEMBER 7, 2014

They cite sources like the BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this Forbes article. The size of the document should be based on your style, but 10-20 pages or slides are usually more than adequate to outline even a complex business. Writing it down promotes both understanding and commitment.

Technical Review 109

Technical Review Writing Entrepreneur Slides 109

Startup Professionals Musings

JUNE 27, 2014

For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. If you can’t quantify or document your service for repeatability and new employee training, you will kill yourself trying to grow the business. The customer experience is more than the service.

Services 105

Services Startup Training Writing 105

Startup Professionals Musings

AUGUST 19, 2013

This is sad, since “how to write a business plan” is a frequent topic found in every business journal, and a common title in the business section of every book store. In simple terms, it is a document which describes all the what, when, where, and how of your business for you, your cohorts, and potential investors. No problem.

Sample 92

Sample Writing Startup Summary 92

Both Sides of the Table

OCTOBER 19, 2009

I had seen many cycles and decided that since I was going to do it all over again I should write about it. It included one firm who I asked not to call Salesforce.com as a reference (they were our largest pilot customer) and in their kindness they called Marc Benioff (the CEO) and asked his opinion. That changed very quickly.

Venture Capital 274

Venture Capital Blogging Startup Slides 274

Startup Professionals Musings

DECEMBER 8, 2017

Since this document is outward facing, it is important to keep the terminology and tone consistent with that of your customer set, investors, and business partners. Providing your product or service free to customers may sound attractive in marketing materials, but you need revenue sources to survive.

Startup 65

Startup Writing Patents Competition 65

Startup Professionals Musings

JULY 6, 2011

The instigators are all well-intentioned – executives talk to potential customers who “must have” a few more things; or the technical team edicts some “technically elegant” options that they can’t resist adding before release. Here are five basic rules to live by: Document the requirements. Lock down the sign-off authority.

Technical Review 96

Technical Review Startup Software Review High Tech 96

Startup Professionals Musings

SEPTEMBER 14, 2012

The instigators are all well-intentioned – executives talk to potential customers who “must have” a few more things; or the technical team edicts some “technically elegant” options that they can’t resist adding before release. Here are five basic rules to live by: Document the requirements. Lock down the sign-off authority.

Technical Review 75

Technical Review Startup Software Review High Tech 75

Startup Professionals Musings

MAY 18, 2014

People cite sources like this BusinessWeek story last year “ Real Entrepreneurs Don’t Write Business Plans ,” or even my own article a while back, “ 10 Reasons Not To Write A Business Plan First.” Disciplining yourself to write down the plan is actually the best way to make sure you actually understand it yourself.

Entrepreneur 108

Entrepreneur Startup Writing Slides 108

Startup Professionals Musings

JULY 21, 2012

This is sad, since “how to write a business plan” is a frequent topic found in every business journal, and a common title in the business section of every book store. In simple terms, it is a document which describes all the what, when, where, and how of your business for you, your cohorts, and potential investors. No problem.

Sample 96

Sample Writing Summary Startup 96

Startup Professionals Musings

JUNE 14, 2013

They cite sources like a recent BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this NY Times article. Of course there are scenarios where a written business plan is not critical, but I haven’t seen one yet where a well-written 15-page document, or at least a 10-slide pitch, is a negative.

Entrepreneur 100

Entrepreneur Technical Review Writing Slides 100

Both Sides of the Table

FEBRUARY 7, 2010

There’s one attribute (coming soon) that I need to have in order to write a check but I don’t believe is vital for success. My first company launched in 1999 and we were offering a SaaS document management in the cloud (we were called ASPs back then). So the whole customer development cycle is very streamlined.

Entrepreneur 267

Entrepreneur Startup SaaS San Diego 267

Startup Professionals Musings

AUGUST 17, 2016

For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. If you can’t quantify or document your service for repeatability and new employee training, you will kill yourself trying to grow the business. The customer experience is more than the service.

Services 61

Services Startup Training Writing 61

Startup Professionals Musings

NOVEMBER 4, 2019

In my experience, the key steps I look for always include the following: Testing the idea against customers who have money to spend. I suggest you use social media, blogging, crowdfunding, or documented research to quantify a real demand from people who can afford it, and don’t have a better alternative already out there.

Ideas 94

Ideas Slides Technical Review Patents 94

Startup Professionals Musings

DECEMBER 14, 2016

I was most impressed with the steps he outlined for turning ideas into goals into results, which I paraphrase here for aspiring entrepreneurs: Write down your goals or your dreams. Writing something down is the first step toward moving forward and making it real. It’s time to get the help you need.

Writing 100

Writing Ideas Startup Entrepreneur 100

Startup Professionals Musings

MAY 4, 2014

Like it or not, you are now entering the dreaded realm of specifying and documenting “formal business processes.” Write down the key elements of your business plan very early, and keep it current as things evolve. Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones.

Startup 107

Startup Outsource Development Training Outsource 107

Startup Professionals Musings

MAY 27, 2015

The Internet is the problem, by facilitating constant change, and it’s the solution, by providing an absolutely current view of customers, trends, and best practices. The Internet is the source of data for alternative views, and social media allows direct customer interactions to test these views.

Entrepreneur 102

Entrepreneur Social Media Startup Education 102