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Hiring Developers Before Product/Market Fit?

SoCal CTO

Hiring seems to be the preferred use of seed funds (by investors and founders), whereas I'd prefer a focus on customer acquisition. The problem is you don't yet have product/market fit, and until you do, you don't really know what to build. These companies are very early-stage and definitely have not shown product/market fit.

CTO Hire 205
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9 Success Principles To Propel Your Next New Venture

Startup Professionals Musings

Don’t forget to market yourself before, during, and after your initial idea, through social media, websites, and events. Customer feedback, including blog comments, usability reviews, and early user testimonials, build relationships and provide credible marketing to the broader customer community.

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BioDuro Acquires Molecular Response

socalTECH

San Diego-based BioDuro , a life sciences contract research and development provider, announced this morning that it has acquired Molecular Response LLC , which provides a large collection of viable tumor specimens for the oncology market. Financial details of the buy were not announced.

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Founded by former SpaceX engineers, First Resonance pitches tools to make things the SpaceX way

TechCrunch LA

The software that First Resonance has developed allows manufacturers to coordinate their workflow processes. But the software — and the information it’s collecting from manufacturing — can be used to inform better design decisions and the upstream product development process, Talati said.

SpaceX 248
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6 Ways To Win By Creative Partnering With Competitors

Startup Professionals Musings

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. Here is a summary of each: Complementary strengths allows extended market penetration.

Startup 173
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Equipois Acquired By Granite State Manufacturing

socalTECH

Los Angeles-based Equipois , the developer of ergonomic, mechanical arm technology used in the manufacturing and industrial industry, has been acquired by Granite State Manufacturing , a contract manufacturer of specialized equipment for the defense, medical, semiconductor, and industrial market segments. READ MORE>>.

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10 Ways Owners Often Jeopardize Their Business Growth

Startup Professionals Musings

Ineffective and expensive marketing campaigns. The most cost-effective marketing approaches have changed; from catalogs to web sites, and from television commercials to social media. Outsourcing services that could be done in-house. Outsourcing is an expensive solution for poor planning.