article thumbnail

What Happens When Startups Turn from Their Innovation Stage to Operational Excellence?

Both Sides of the Table

There is nothing more pure than building a product, putting it out in the world and seeing paying customers using your product and in some cases loving it. As companies get this initial customer feedback on their product they start to have to ask harder questions about unit economics: How much does it cost us to acquire a new customer?

Startup 286
article thumbnail

13 Red Flags To Avoid In Your Investor Funding Pitch

Startup Professionals Musings

Lead with your intent to offer the solution free to customers. Of course, customers love free, but investors hate it. In reality, fundamental changes in technology frighten away more customers than they attract, and take longer and more money to come to fruition than any investors wants to commit. Skip the hype.

Funding 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Ways To Counter The “I’m Too Busy” Syndrome At Work

Startup Professionals Musings

Your competitive drive for success will cause you to dive in with more energy and not be easily distracted. Perfection is not really possible nor necessary in most business tasks, so I recommend the same strategy that good startups use on products, before shipping to customers.

Coach 56
article thumbnail

Create An Industry Alliance Entrepreneurs: Need Friends On The Startup Playground

InfoChachkie

Entrepreneurs can emulate de la Guerra’s strategy and make their adVenture appear far larger than reality and thus increasing its influence and market reach while discouraging competitive threats by creating an industry alliance. If you haven’t already subscribed yet, subscribe now for. free weekly Infochachkie articles!

article thumbnail

Startup Children – How To Parent An Entrepreneur (Part III) - Board Games Can Teach Children Negotiating And Risk Taking Skills

InfoChachkie

You must focus on constantly delivering value to your customers and ensure that you are paid for the value you deliver. Thus, as is true with any startup, survival is paramount. Even if it sells capital goods that are one-time purchases, a company can charge its customers an annual service fee to create a recurring income stream.

article thumbnail

Interview with Sherry Gunther, Masher Media

socalTECH

You'll be able walk around with and chat with people, and earn points in the in-world currency within the game, but you can't spend that currency on purchasing items for your avatar, customizing your avatar, or your home, until you become a premium member. There's more competition, but there's a lot more available to you as a developer.

Media 150
article thumbnail

How to Develop Your Fund Raising Strategy

Both Sides of the Table

These include building products, recruiting, managing your finances, marketing, selling, getting feedback from customers and … fund raising. So interacting with you in person is paramount. If it were a sales campaign to a CMO you would naturally think about having customer references. Call it your functional pie chart.

Develop 366