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The Berkus Method: Valuing an Early-Stage Investment

Berkonomics

An example would be a drug development company needing various stages of FDA approval, substituted for “prototype” above. million), but certainly also allowing the investor to put much lower values into each test, resulting in valuations well below that amount. There is nothing wrong with changing the five tests to meet individual needs.

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How to Out Amazon, Amazon

Both Sides of the Table

My partner Greg Bettinelli gave me the idea for the title of this post because he ran a breakout session at the Upfront Summit titled “How to Out Amazon, Amazon.” Here are some ideas of what I believe matters. If your product can easily be copied, as soon as you are successful it will be. What is it, really?

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

Both Sides of the Table

He presented the idea at the TED conference in the mid 90′s and was literally boo’d while he was on stage. The idea actually came to him from the Yellow Pages business. He came up to Bill after the event and said, “clever idea, we should do that with you.&# Summary notes, as always, provide below.

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Twitter’s Acquisition, Chirp & Managing Developer Relationships

Both Sides of the Table

They have done this (they had the idea, too, so I’m not taking credit for egging them on). Salesforce was very good at managing the 1-year roadmap so at any point in time we had a pretty good idea about what we would be developing and what we wouldn’t. This should be as public as possible.

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Is it a Good Idea to Have Ads in Tweets?

Both Sides of the Table

Facebook popularized the short-form “status update&# and this initially is called the “feed&# but over time starts to become known as the “ stream.&# Twitter then popularizes the idea of having only a stream (e.g. I was simply BLOWN AWAY by the quality of innovation by 3rd-party Twitter developers.

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Develop the “What if” question chain method.

Berkonomics

The beauty of this method is that it causes the person proposing the solution to think much more deeply than during the development process, unveiling many possible consequences to be considered before implementation of an idea or project. What if” are two very powerful words when used together.

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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. affiliated event focused on spreading innovative ideas.

USC