Startup Professionals Musings

JULY 26, 2023

Thus they are blindsided and try to react quickly when a new competitor starts stealing customers. For example, we all remember when Blockbuster realized too late that Netflix was stealing customers by offering videos online rather than via DVDs, but even then they were unable to adapt their processes and their thinking.

Metrics 71

Metrics Training Netflix Resource 71

Startup Professionals Musings

NOVEMBER 23, 2022

The result is fewer and fewer new ideas are volunteered by prospective leaders and key team members, and the business suffers from poor customer satisfaction or loss of market share. Find other situations that led to success, or explain why the environment, competition, or opportunity has changed to reduce the risk of failure.

Ideas 116

Ideas Netflix Resource Customer 116

Startup Professionals Musings

DECEMBER 20, 2021

With real-time online reviews and feedback via the Internet, and instant relationships via social media, a voice from the top that is inconsistent with what is heard from the firing line defines a dysfunctional and noncompetitive company for today’s customer. Thus team makeup is the critical success factor.

Class 155

Class Develop Development Startup 155

Startup Professionals Musings

APRIL 12, 2020

Actually, great new customer solutions lead to great platforms, not the other way around. Extrapolating you as the target customer. Never mix up what you like with what your customers will buy. A smart entrepreneur learns to embrace failure as a badge of learning that provides a competitive edge. Fail fast and pivot.

Startup 124

Startup Netflix Social Media Customer 124

Startup Professionals Musings

MAY 26, 2019

I’m convinced that you can’t stay competitive that way with today’s customers, and today’s employees. It’s time to push decision making down into the organization –insisting that the people closest to the customer and the markets learn and make the decisions. Define customer value as the only path to business value.

Competition 73

Competition Organization Netflix Custom 73

Startup Professionals Musings

JANUARY 24, 2020

The price of entry can be less than $10,000, so the competition is huge and growing rapidly. The ideal business model is to establish a direct-to-consumer service that enables you to bill the customer directly. Just getting an app accepted into the Store won’t get it found and downloaded by your targeted customers.

Mobile 126

Mobile Develop Development Platform 126

socalTECH

AUGUST 12, 2010

Los Angeles-based video game rental service GameFly is seeing more competition from video rental firm Blockbuster this week, after its competitor announced that it is expanding its online movie rental service to include video games.

Netflix 178

Netflix Satisfaction Content Competition 178

Startup Professionals Musings

FEBRUARY 17, 2019

The most competitive startups do both, all the time and every time. In today’s competitive world, with its accelerating rate of change, no competitive advantage lasts long. The only sustainable competitive advantage is creativity. Creativity is the ultimate competitive advantage. Encourage courage.

Company 90

Company Companies Competition Netflix 90

InfoChachkie

MARCH 9, 2019

Even when it was published on Netflix, I had no desire to see The Founder movie, as it was clear from the film’s preview that it was yet another, “businessperson gone bad” film. Challenge the status quo and improve and innovate upon it, even if customers currently accept substandard offerings. had to throw away their own trash.

Startup 100

Startup Netflix Entrepreneur Metrics 100

Tech.Co

SEPTEMBER 17, 2015

That is, businesses are using APIs like crazy to stay competitive and communicate with both partners and customers more effectively. At the same time the Citrusbyte team built in safeguards to allow public access without risk of abuse and custom pricing to fit any type of user.

Software 78

Software Netflix Competition Design 78

TechCrunch LA

JUNE 3, 2022

billion company in the brutally competitive beauty industry, especially one with such broad appeal. Nasty Gal CEO Sophia Amoruso is credited with coining the term in the title of her 2014 memoir, “#Girlboss,” which chronicled her rags-to-riches success and was adapted into a Netflix show.

Startup 280

Startup Netflix Los Angeles Innocal 280

Startup Professionals Musings

MAY 31, 2017

I’m convinced that you can’t stay competitive that way with today’s customers, and today’s employees. It’s time to push decision making down into the organization –insisting that the people closest to the customer and the markets learn and make the decisions. Define customer value as the only path to business value.

Competition 50

Competition Organization Customer Custom 50

Tech Zulu Event

SEPTEMBER 23, 2013

The second annual USC Silicon Beach event, hosted by the four professional schools at USC, featured a pitch competition and a conference filled with informational panels and interviews. Startup Pitch Competition. I tried to treat it as a learning experience and refined my pitch for this competition.”.

USC 98

USC Cornerstone OnDemand Southern California Netflix 98

Both Sides of the Table

FEBRUARY 28, 2018

When a product is truly unique and demanded a retailer willingly promotes and sells it en masse in part because it does get margin on the good but also because it brings customers in the door who spend on other products. Ariel understood her customer?—?the So Why Does This Matter? the modern buyer of home products?—?better

Product 296

Product Course Custom Customer 296

Startup Professionals Musings

FEBRUARY 17, 2017

The most competitive startups do both, all the time and every time. In today’s competitive world, with its accelerating rate of change, no competitive advantage lasts long. The only sustainable competitive advantage is creativity. Creativity is the ultimate competitive advantage. Encourage courage.

Competition 65

Competition Netflix Ideas Metrics 65

Startup Professionals Musings

JANUARY 9, 2015

Actually, great new customer solutions lead to great platforms, not the other way around. Extrapolating you as the target customer. Never mix up what you like with what your customers will buy. A smart entrepreneur learns to embrace failure as a badge of learning that provides a competitive edge. Fail fast and pivot.

Startup 105

Startup Netflix Entrepreneur Social Media 105

Both Sides of the Table

NOVEMBER 4, 2010

In a world where we’ve seen newspapers crumbling, record labels struggling and Blockbuster imploding and making way for the rise of Netflix it seems kinda intuitive to most of us but we can’t quite place why this happens. So the startups tend to focus on totally new customers. Incumbents feel threatened. They can’t.

Startup 376

Startup Framework Marketing Custom 376

Startup Professionals Musings

AUGUST 13, 2013

The most competitive startups do both, all the time and every time. In today’s competitive world, with its accelerating rate of change, no competitive advantage lasts long. The only sustainable competitive advantage is creativity. Creativity is the ultimate competitive advantage. Encourage courage.

Product 92

Product Competition Netflix Ideas 92

Startup Professionals Musings

OCTOBER 9, 2015

The price of entry can be less than $10,000, so the competition is huge and growing rapidly. The ideal business model is to establish a direct-to-consumer service that enables you to bill the customer directly. Just getting an app accepted into the Store won’t get it found and downloaded by your targeted customers.

Startup 98

Startup Platform Pricing Netflix 98

Startup Professionals Musings

MARCH 15, 2019

With real-time online reviews and feedback via the Internet, and instant relationships via social media, a voice from the top that is inconsistent with what is heard from the firing line defines a dysfunctional and noncompetitive company for today’s customer. Thus team makeup is the critical success factor.

Netflix 77

Netflix Social Media Startup Mentor 77

Startup Professionals Musings

JULY 14, 2012

The most competitive startups do both, all the time and every time. In today’s competitive world, with its accelerating rate of change, no competitive advantage lasts long. The only sustainable competitive advantage is creativity. Creativity is the ultimate competitive advantage. Encourage courage.

Startup 100

Startup Competition Netflix Ideas 100

Startup Professionals Musings

JULY 25, 2018

In top current companies, such as Google, Apple, and Netflix, cultural strategies that include greater employee freedom and fostering creativity are the norm. In fact, most see a more direct relationship between customers and their business success, so employee focus by default will end up in third place. Place shapes culture.

Metrics 57

Metrics Startup Netflix Custom 57

InfoChachkie

JANUARY 5, 2015

A recurring entrepreneurial challenge is to determine the optimal price of a new product, especially absent a directly competitive alternative. This is analogous to asking Netflix for a discount because you never use its recommendation engine. The effort to implement this customization was minimal and thus cost us very little.

Pricing 100

Pricing Product Startup Customer 100

Startup Professionals Musings

JANUARY 10, 2016

Actually, great new customer solutions lead to great platforms, not the other way around. Extrapolating you as the target customer. Never mix up what you like with what your customers will buy. A smart entrepreneur learns to embrace failure as a badge of learning that provides a competitive edge. Fail fast and pivot.

Startup 59

Startup Netflix Entrepreneur Social Media 59

Tech Zulu Event

APRIL 9, 2015

Companies like Google, Facebook, eBay, Xbox Live, Hulu, and Netflix would have been seriously hurt as they hemorrhaged dissatisfied customers who would likely refuse to pay extra to just bid on select items on eBay, or watch “House of Cards” on Netflix. Doesn’t seem fair at all does it.

.Net 40

.Net Netflix Web Cloud Computing 40

Startup Professionals Musings

APRIL 11, 2011

The most competitive startups do both, all the time and every time. In today’s competitive world, with its accelerating rate of change, no competitive advantage lasts long. The only sustainable competitive advantage is creativity. Creativity is the ultimate competitive advantage. Encourage courage.

Startup 92

Startup Competition Netflix Ideas 92

Both Sides of the Table

FEBRUARY 24, 2016

Public Storage is the Blockbuster Video of their industry and we set out to build Netflix. In just one year we captured 2% of all new customers in NYC who wanted to store household items other than furniture. First, customers in these new markets didn’t want to buy in “bins” and they demanded furniture.

Startup 150

Startup Pricing Marketing Product 150

Startup Professionals Musings

FEBRUARY 13, 2017

With real-time online reviews and feedback via the Internet, and instant relationships via social media, a voice from the top that is inconsistent with what is heard from the firing line defines a dysfunctional and noncompetitive company for today’s customer. Thus team makeup is the critical success factor.

Netflix 62

Netflix Social Media Startup Mentor 62

socalTECH

JANUARY 28, 2013

We've only got 40-45 people, versus if you look at a Verizon or AT&T, where they have tens of thousands of people having to support their network and provide customer support. Our customer support is in-house, and we have a light-touch customer support model, and we don't have to manage a massive network.

Startup 245

Startup IP Networking Encino 245

socalTECH

MAY 17, 2018

The insurance industry is an old industry, with a lot of contradictions--it's one where the more claims insurers pay to help customers, the less money the insurers make--and it's also one that hasn't been disrupted much yet by technology. However, overall we'll be customizing that out. They are fixed and constant, regardless of loss.

Technology 165

Technology Startup West Los Angeles Platform 165

Both Sides of the Table

MARCH 25, 2016

After a year in the market, MakeSpace was growing rapidly and our biggest issue was CAC (customer acquisition costs) relative to payback period (when we get our marketing investment back) and relative to LTV (lifetime value). It is Blockbuster video in the dawn of Netflix. What price will your customer ultimately accept?

Startup 150

Startup Marketing Study SEO 150

Startup Professionals Musings

JUNE 12, 2019

Much has been written recently about the requirement to focus today on the total customer experience, as a competitive edge or even for survival. The challenge I hear from savvy business owners and entrepreneurs operating on a shoestring is that providing a superior customer experience costs money.

Custom 96

Custom Customer Coach Netflix 96

Startup Professionals Musings

APRIL 14, 2017

As a startup, you need to use your limited resources to excel at a few core things for your best customers, in order to stand out and get the momentum going. Your customers’ biggest need is not for more things. Your best strategy is to find more customers that fit the things you do best, rather than building more things.

Competition 65

Competition Social Media Metrics Customer 65

Startup Professionals Musings

JANUARY 17, 2022

As a startup, you need to use your limited resources to excel at a few core things for your best customers, in order to stand out and get the momentum going. Your customers’ biggest need is not for more things. Your best strategy is to find more customers that fit the things you do best, rather than building more things.

Startup 144

Startup Social Media Metrics Custom 144

Both Sides of the Table

MAY 1, 2014

The second is that the retailers were constrained by their high costs of local real estate and service staff relative to the costs of centralized warehouses where goods could be stacked high, sorted by robots, managed by RFIDs and then shipped via overnight to eager, cost-conscious customers across the US. 10x the experience. .”

Technical Review 380

Technical Review Software Review CTO Hire Startup 380

Tech Zulu Event

SEPTEMBER 10, 2012

Further, growing familiarity of video from streaming applications such as Netflix and YouTube and real-time video service Skype were driving the consumerization of video and BYOD expectation to the workplace. We even have the ability to run in partner or customer own data centers where desired.

Cloud Computing 65

Cloud Computing Software Platform Startup 65

Startup Professionals Musings

APRIL 15, 2019

As a startup, you need to use your limited resources to excel at a few core things for your best customers, in order to stand out and get the momentum going. Your customers’ biggest need is not for more things. Your best strategy is to find more customers that fit the things you do best, rather than building more things.

Social Media 87

Social Media Metrics Customer Custom 87