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

Both Sides of the Table

It was a pleasure to write them myself. They would launch quickly and test whether or not there is any demand. 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.

Reduce five risks: Increase your valuation

Berkonomics

This risk can be mitigated by finding a customer willing to purchase as soon as a proven model is completed, and willing to state this in writing. And fifth: Competitive risk. . Why five risks?

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Can you overcome five risks and create wealth?

Berkonomics

This risk can be mitigated by finding a customer willing to purchase as soon as a proven model is completed, and willing to state this in writing. And fifth: Competitive risk. . Of course, we are speaking of increased valuation of your company when we speak of “wealth.”

Who Should be on Your Startup Board?

Both Sides of the Table

This is the norm and unless you have a hugely competitive round it’s not worth fighting. This is not true in the majority of cases but rather when you have competition in your round and feel confident in using your leverage.

How to Talk About Valuation When a VC Asks

Both Sides of the Table

I thought I’d write a post about how to talk about valuation at a startup and give you some sense of what might be on the mind of the person considering funding you. This is part of a series I’ve been writing on fund raising.

The Loneliness of Success that Nobody Talks About

Both Sides of the Table

They suffered in trying to live up to public perceptions and the demands to continue their successes.

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What Most People Don’t Understand About How Startup Companies are Valued

Both Sides of the Table

Valuing any company can be difficult because it requires a degree of forecasting future growth & competition and ultimately the profits of the organization. Brad was openly writing about this and it felt like he was giving the VC playbook away for free!

10 Key Components Of Every New Venture Strategic Plan

Startup Professionals Musings

Usually that means writing something down, since it’s hard to maintain something, or track yourself against it, if it’s not written down. Do you believe that you have an idea for a company that you can implement better than anyone, and maintain a competitive advantage?

The Audacious Plan to Make Electricity as Easy as WiFi

Both Sides of the Table

It’s true the some VCs have started writing so many checks that they resemble stock pickers but the majority of us still have less than 10 board seats at any time and tend to go pretty deep so the result is that we care deeply about where we commit our time. Was there consumer demand?

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How Many Investors Should You Talk to in a VC Fund Raise? And How Do You Prioritize?

Both Sides of the Table

If you’re raising a round where a new lead investor would invest $5 million the VC fund must have no less than $100 million and if you’re looking for them to write $15–20 million as the lead their fund realistically should be at least $400 million.

What I Would Look for When Choosing a VC – Knowing What I Know Now?

Both Sides of the Table

So I thought I’d write about out with what I would look for in a VC knowing what I know now and why. It’s insanely competitive to get into our industry so most have degrees from institutions like Stanford, Harvard, Wharton and University of Chicago (blatant plug ;-).

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Address the five risks to increase your valuation.

Berkonomics

This risk can be mitigated by finding a customer willing to purchase as soon as a proven model is completed, and willing to state this in writing. And fifth: Competitive risk. If there are high barriers to entry with such protections as patents, long development time already spent or contracts with the major potential customers, then the risk of a competitor with more resources jumping into the frothy pool and taking advantage of the demand created by the company is minimized.

This Week in VC with Mo Koyfman of Spark Capital

Both Sides of the Table

We both felt that the critical reasoning skills and writing skills were critical to our career development. Competition: Gilt Groupe , Ideeli , RueLaLa (sub of GSI Commerce) , OneKingsLane , department stores like Saks and Neiman Marcus.

The Case For & Against Cryptocurrencies (for those tired of all the noise)

Both Sides of the Table

In more than a decade of writing about the Internet and tech-enabled businesses I’ve learned that mobs don’t do nuance well. This market structure in which the few, large players use their market position to eliminate competition is inevitable.

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Why Startups Should Raise Money at the Top End of Normal

Both Sides of the Table

2: As expected at least one person accused me of writing this post because I want to see lower valuations. while acknowledging that San Fran deals are often higher valuations due to increased competition amongst investors. Use competition to make sure you get a fair price.

The Authoritative Guide to Prorata Rights

Both Sides of the Table

For starters some funds are small and thus while they put $750k into your company to own 10% of your company they might not be able to write another $2 million if you then raise a $20 million round (10%). Or your A-round investor who wrote a $5 million for 25% of your company may not be well positioned to write another $5 million (25%) of a $20 million round. Smart entrepreneurs have often used this competition / appetite to invest to their advantage.

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8 Strategies For Winning As A Freelancer Or Employee

Startup Professionals Musings

Here are some key strategies that I recommend to every worker today: Develop and highlight your competitive differentiation. You can’t please everyone all the time, so don’t kill yourself trying to satisfy a bad boss or an overly demanding customer.

7 Business Mistakes Serial Entrepreneurs Never Make (Twice)

InfoChachkie

Fallacy: Startup ventures tend to evolve, especially after you begin speaking with pesky customers and demanding partners. Thus, you have negotiating leverage as long as a legitimate, competitive threat exists. “Learn from the mistakes of others.

Don’t Let Faux Unicorns Screw Up Your Financing

InfoChachkie

If such write-downs only impacted the faux unicorns and their avaricious investors, there would be little need for alarm. Prudent investors do not demand that entrepreneurs pursue bet-the-company strategies. A version of this article previously appeared on Forbes.

10 Steps To A Winning Strategy For Your New Venture

Startup Professionals Musings

Usually that means writing something down, since it’s hard to maintain something, or track yourself against it, if it’s not written down. Do you believe that you have an idea for a company that you can implement better than anyone, and maintain a competitive advantage?

Ten Rookie Startup Mistakes You Won’t Make

InfoChachkie

Fallacy: AdVentures tend to evolve once you begin speaking with pesky customers and demanding partners. 5) Allow Partners To Write Your Agreements. Thus, I will let my Big Dumb Company (BDC) partner write our agreement. “Learn from the mistakes of others.

How to Decrease the Odds That Your Startup Fails

Both Sides of the Table

The questions that a VC mulls before writing a check are precisely the questions you should be asking yourself. Essentially products that are “inelastic” means price increases don’t affect demand much (think cigarettes, drugs, alcohol) and if they’re “elastic” it means small price increases can massively drop demand but equally large price decreases can massively increase demand. Competition.

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The Most Interesting Online Video Trend

Both Sides of the Table

For those who still don’t know the origins, the Harlem Shake started as a small skit from a YouTuber named Filthy Frank (10 million views as of this writing) on January 30, 2013. This article originally appeared on TechCrunch.

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10 Guidelines For An Entrepreneurial Strategic Plan

Startup Professionals Musings

Usually that means writing something down, since it’s hard to maintain something, or track yourself against it, if it’s not written down. Do you believe that you have an idea for a company that you can implement better than anyone, and maintain a competitive advantage?

Should Startups Focus on Profitability or Not?

Both Sides of the Table

I find it amusing when a journalist writes an article about a prominent startup (either privately held or preparing for an IPO) and decries that, “They’re not even profitable!” If there was strong market demand for their product then this investment might pay off handsomely.

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A Few Key People Really Can Make a Huge Difference

Both Sides of the Table

He listed all of the product releases that were up coming, the customers that were in the pipeline and where he saw his competition moving. I don’t write about LA but I write from LA. This article originally ran on TechCrunch. I’m in Seattle this week.

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Frank Addantes FounderBlog: So, you need to develop a product?

Frank Addante

By Frank Addante Development resources are in high demand. There are a lot of people out there who can "write code", but very few good engineers. Bringing in Steady engineers too early could result in a less competitive product, bringing them in too late could result in instability.

Want to Know How VC’s Calculate Valuation Differently from Founders?

Both Sides of the Table

Due to competitive markets we ended up with a pretty good term sheet until we needed to raise money in April 2001 and then we got completely screwed. If I get demand from people after this video to do a deeper dive on term sheets we will.

Why I’m Doubling Down on the Twitter Ecosystem

Both Sides of the Table

DataSift = platform for companies to develop cost-effective applications using this Twitter data to gain advantage relative to their competition. Most wont write stuff publicly because they fear retribution. I can’t put it in writing but I won’t stop it.”

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Mistakes To Avoid With A Startup Board Of Directors

Startup Professionals Musings

Most entrepreneurs avoid setting up a board of directors for their new business unless or until they sign up an investor who demands a seat on the board. Board rules and governance policies should be articulated in writing and voted upon.

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Are You Ready For The Entrepreneur Lifestyle Move?

Startup Professionals Musings

Usually that means writing something down, since it’s hard to maintain something, or track yourself against it, if it’s not written down. Do you believe that you have an idea for a company that you can implement better than anyone, and maintain a competitive advantage?

An Entrepreneur With No Strategic Plan is a Dreamer

Startup Professionals Musings

Usually that means writing something down, since it’s hard to maintain something, or track yourself against it, if it’s not written down. Do you believe that you have an idea for a company that you can implement better than anyone, and maintain a competitive advantage?

7 Shortcuts That Can Kill A Startup Business

Startup Professionals Musings

I’m not suggesting that any startup needs to demand perfection, but I do recommend that all learn and follow common business practices from the beginning. Clarify up front the potential for a conflict of interest or violation of a non-compete clause, and confirm the answer in writing.

Raising $$ on AngelList? Working w/ McClure? Ask Jody Sherman

Both Sides of the Table

Jody soon met with Dave McClure who ended up immediately writing a check as a placeholder investment and offering help to get EcoMom press coverage. It could be a bubble or better balance of supply and demand.

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RingRevenue Creates A New Performance Marketing Revenue Channel

InfoChachkie

9) In Getting The Band Back Together , I write about the power of serial Founding teams. Who do you view as your biggest competition? Performance marketing also demands accountability.

5 Surprising Truths From A Crowdfunding Advocate

Startup Professionals Musings

Boy wearing Oculus Rift via Wikipedia As an advisor to many entrepreneurs, I still hear frequently the irrational exuberance that crowdfunding is the quick alternative for startups that are passed over by overly demanding angels or venture capital investors.

7 Ways That Entrepreneurs Naively Misuse Their Board

Startup Professionals Musings

Most entrepreneurs avoid setting up a board of directors for their new business unless or until they sign up an investor who demands a seat on the board. Board rules and governance policies should be articulated in writing and voted upon.

How ConsumerTrack Has Created A Growing, Profitable--and Mostly Unknown Business

socalTECH

We started looking at the landscape, and as I was getting my MBA at the time, ended up writing the business plan for ConsumerTrack.

10 Questions To Shape Your Startup Strategic Plan

Startup Professionals Musings

Usually that means writing something down, since it’s hard to maintain something, or track yourself against it, if it’s not written down. Do you believe that you have an idea for a company that you can implement better than anyone, and maintain a competitive advantage?

Can you profit by serving early adapters?

Berkonomics

They allow me to preview new devices and technologies before release so that I might write about and speak about them in my “Tech Trends” keynotes. It did not hurt that Apple always seemed to trump the competition in design of the product and the product’s user interface too.

CreatorUp Links You With Top Filmakers & YouTube Creators To Make Awesome Web Series

Tech Zulu Event

Aspiring creators learn by connecting with top web filmmakers and YouTubers on a topics specific to the web: developing a web series, producing web series, writing for genres like comedy & sci-fi, directing, editing, camera, Kickstarter funding, show hosting, distribution, and marketing.

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Top Ten Startup Strategic Plan Questions

Startup Professionals Musings

Usually that means writing something down, since it’s hard to maintain something, or track yourself against it, if it’s not written down. Do you believe that you have an idea for a company that you can implement better than anyone, and maintain a competitive advantage?

Interview with Tim Cadogan, OpenX

socalTECH

We manage that competition through an aucton process. How is the competitive landscape is nowadays? If you look at the technology side, there are lots of different players on the supply side, even more on the data, and even more on the demand size.

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