6 Keys To Convince Investors Of Your Competitive Edge

Startup Professionals Musings

Most entrepreneurs are quick to assert to potential investors that their product or solution will kill the competition, but unfortunately your opinion alone is not enough to convince most experienced investors. Competitive businesses have great teams, as well as great products.

Can you defend your pricing niche against your competition?

Berkonomics

There can be nothing more important in your business planning that selecting the proper pricing niche, making your story clear using that niche, and the defending your position against the competition. What competition would you face?

Is your budget a forecast? When do you change mid-course?

Berkonomics

Yet, with the assistance of those in support such as the CFO, everyone in management must be aligned in a single direction, with the budget reviewed and updated annually as accomplishments, the marketplace, and even the competitive landscape change. Hold it! These are confusing terms.

Course 263

10 Course Corrections Every Startup Should Memorize

Startup Professionals Musings

The vision part is fine, but successful entrepreneurs have found that the extreme uncertainty of a new product or service usually requires many course corrections, or “pivots” to find a successful formula.

Course 127

Meet Our Startup of the Year Competition Semifinalists: Picking Duck

Tech.Co

Among the participants that applied for the online competitions, only a progressed into the semi-finals. Tech.Co: What was the road like leading up to your initial pitch for the competition? Manubay: Leading up to the initial, local pitch competition we were pitching to family and friends for practice and for possible investment opportunity.

Investor Secrets For Smart Competitive Positioning

Startup Professionals Musings

Competition for your new hydrogen fuel auto engine is not limited to other hydrogen auto engine offerings, or even other autos. Prior recognition and visibility in the target market is invaluable from a competitive perspective. competitive advantage entrepreneur investor startup

6 Key Drivers To a Long-Term Competitive Advantage

Startup Professionals Musings

One of the toughest and yet most important questions you will be asked by savvy potential startup investors is “What is your sustainable competitive advantage?” Competitive” should be taken broadly to include alternative ways that people might solve the problem you are addressing.

Interview with Fariborz Maseeh, Maseeh Entrepreneurship Prize Competition

socalTECH

Last week, the University of Southern California 's Viterbi School of Engineering announced that it had established a new, business plan competition, the Maseeh Entrepreneurship Prize Competition ([link] specifically aimed at students in the engineering school.

The Best Entrepreneurs Are Hyper Competitive & Hate Losing

Both Sides of the Table

Competitiveness - One attribute that I believe most VCs look for in entrepreneurs is competitiveness. If you stumble on to a really good idea believe me it will get competitive really quickly. This competitive streak paid off.

HipTraveler | Taking Startup Competitions by Storm

Tech Zulu Event

In order to support all of these teams, there are several on-campus startup competitions every year, from the Silicon Beach USC competition to the New Venture Seed Competition, with prize funds to help build the companies.

Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

Both Sides of the Table

And now, of course, UberSocial, Bill’s latest project. I brought up the fact that I find many larger companies abusing the patent system to slow down smaller competitors which is actually anti competitive.

Six Tips to a Sustainable Competitive Advantage

Startup Professionals Musings

One of the toughest and yet most important questions you will be asked by savvy potential investors is “What is your sustainable competitive advantage?” Yet many entrepreneurs, maybe in their passion for their new product, gloss over this one, or even announce that they have no competition.

Let Interns Be Your Startup Competitive Edge

Startup Professionals Musings

Due in large part to the current economy and an ultra-competitive job market, a Gen-Y entrepreneurial tsunami is already upon us. And today, more than 2,000 colleges and universities offer entrepreneurship courses – up from the just 70 schools that Boomers and Gen-X had to choose from in 1970.

X Prize Foundation Opens Lab At USC

socalTECH

The X Prize Foundation , the nonprofit which is managing a number of prize-based competitions to spur on scientific research and innovation, said Wednesday that it is launching a new lab program at the University of Southern Califonia Viterbi School of Engineering.

USC 176

USC Launches Annual, $50K Entrepreneurship Prize For Engineers

socalTECH

The University of Southern California and wealthy engineer Fariborz Maseeh , now a hedge fund manager in Newport Beach, is announcing this week a $1M endowment, which will fund an annual, $50,000 prize for a business plan competition for the school's engineering students.

USC 228

Where’s your team playbook? Hmm?

Berkonomics

From experience and from information about the competition, a coach creates a playbook that contains detailed plans for actions or plays that the entire team must know without question and execute without pause in order to win games and advance toward the playoffs. But you know that of course.

Coach 156

Hack This: How Edmunds.com's Hackathons Are Inspiring Outside Innovation

socalTECH

We ended up, over the course of those three days, bringing in actual shoppers and consumers, and had a trade show, allowing those twelve teams to exhibit what they''d built and get feedback from actual consumers.

Boy! If I had only learned this before spending a million!

Berkonomics

Know your market and competition, or don’t spend a dime on anything else. The phone could be used for receiving incoming calls when in the restaurant, on the golf course or anywhere. In this case, the competition was not from a company but a new technology.

Do you take those loyal, key customers for granted?

Berkonomics

Email readers, continue here…] We all remember the story of FedEx, where future customers didn’t know they wanted “absolutely, positively overnight” until they saw what that could do to make their businesses more competitive. Of course, they do. Of course, it is.

Custom 156

When Your Startup Business Plan Needs to Be Revised

Tech Zulu Event

Maybe a major company with deep pockets has embarked on a product line extension and is set to launch a product in direct competition with yours, or maybe, as with online gaming a few years back, the government decided to ban or sharply restrict your industry’s activities.

What’s the minimum information to give your investors?

Berkonomics

And most of us investors are frustrated by the lack of regular communication – unless of course – the company needs more money. Of course, a public company is not entitled to pare its information to reduce exposure to competitors.

Class 156

Timing and why we’re all VCs

TechCrunch LA

Capitalism is fundamentally about timing, since market competition is about finding opportunities before others. It’s obvious that we can be too late to these decisions of course. If — and it’s a big if of course — they can do that on the cheap, then why should an LP care at all?

Niche marketing works. Here’s how.

Berkonomics

Of course not. You’ll have less competition. Competition is good, but – if there are hundreds of businesses out there that already have gotten to and penetrated this niche – you’re going to find it hard to get through the marketing noise. Close.

Lime is building its first scooter ‘lifestyle brand store’ in LA

TechCrunch LA

Instead, it’s the fierce competition from hometown startups like local favorite Bird that Lime wants to overcome through brick-and-mortar marketing. This, of course, comes with risks too, as electric scooters can be dangerous to the novice or uncoordinated.

Your core competency and why not to stray

Berkonomics

It is the one skill, process or advantage you have over your competition. In earlier college business administration courses, professors often touted the advantages of “vertical integration,” the process of bringing all production from raw materials through the finished product under one roof.

How to battle the dragon AND avoid the encounter.

Berkonomics

So when do we know which course to take? And if that new strategy is proved to be true, the five–hundred–pound gorilla in that niche just moved out of the way of many of its smaller competitors, leaving a market that will surely see a scramble of new competition in the near future.

Can you overcome five risks and create wealth?

Berkonomics

Of course, we are speaking of increased valuation of your company when we speak of “wealth.” And fifth: Competitive risk. . Especially if you are in the early stage of growing a business, these five risks can and often do derail entrepreneurs before realizing the riches of a great exit.

One Simple Way to Eliminate Distractions in a Board Meeting

Both Sides of the Table

How to Deal with Electronic Distractions Of course the biggest competition you have with the attention of your board members is their mobile phones.

Slides 302

Why buy IT? Why buy MINE? Why buy NOW?

Berkonomics

Product differentiation is absolutely necessary to make a sale when there is visible competition, as there usually is in any sale. What a powerful set of three questions.

Sales 248

Is Your Wireless Infrastructure Provider Delivering?

Southern California Edison Blog

The most obvious, of course, is when a wireless infrastructure provider doesn’t have enough fiber inventory where the TSP needs it or if connections are too slow to support end users.

The Truth About the Scooter Economy?—?An Insider’s Perspective

Both Sides of the Table

They also were exclusive to Bird so they gave the company a competitive advantage. Of course it takes time to roll out new scooters and replace existing inventory but this is already having a dramatic effect on the underlying business. Of course.

Elon Musk Is Officially Building His Own Hyperloop

Tech.Co

Wired has a collection of a few warning signs that Musk was planning to move forward with his loop, and they’re not exactly subtle: “You could see this coming last month, of course.

Course 144

Understanding What’s Going on in #LATech

Both Sides of the Table

See in the end, in LA VC firms are far more collaborative than competitive. Of course we compete from time-to-time but you’re way more likely to find us binding together to build a great tech ecosystem than fighting or bad-mouthing each other.

Finding Startup Developers - First Email Contact

SoCal CTO

Of course, this needs to be "elevator size" - 3 to 4 sentences. It's really hard to find and super competitive to find developers who are going to jump on a concept and build it. Here is the most recent version of an all too common email inquiry from a startup founder.

Email 195

Understanding the Underbelly of Online Marketing & Why You’ll Lose if You Don’t

Both Sides of the Table

If you’re a technology startup you need to excel at product, of course. Of course once submitted you could send out links to your friends and ask them to upvote your content and that would help. Of course reciprocity matters so they would all leap into action.