Startup Professionals Musings
SEPTEMBER 15, 2023
You will see that I believe innovation is only one of many factors that ultimately determine your position with customers and your own legacy: Ideas are everywhere – success is all about execution. Search for customer pain rather than high margins. New customers don’t see incremental improvements.
Startup Professionals Musings
JANUARY 31, 2020
Here are some of the key entrepreneur characteristics most often overlooked by inventors: Driven by customer-centric view of needs, rather than technology. Understanding what drives customers to buy, in different market segments and cultures, is usually just as challenging as creating and combining technology to deliver function.
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Startup Professionals Musings
OCTOBER 19, 2015
Thus it’s a waste of time for most entrepreneurs to be looking for investors until they have a product and some customer revenue. Business success requires customers to see a solution as exciting, and they rarely care about the technology behind it. Patents are not worth the effort, since big companies will win.
Startup Professionals Musings
JULY 22, 2016
Elon Musk has done it with SpaceX and Tesla, and Steve Jobs did it on a regular basis at Apple. These could include customer penetration, revenue growth, budget guidelines, and industry visibility. Patents and other intellectual property must be secured at this point. It takes the right people to make a breakthrough happen.
SoCal Delicious
SEPTEMBER 19, 2012
Even though their business model was tweaked a little while ago to give customers additional leniency, the business is still expecting to break $100 million in revenue this year, up from $25 million in 2010. Elon Musk – SpaceX, Tesla Motors, PayPal. I worthy cause, with a tough customer, the DOD. billion in shares. MarkLanday.
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