How To Highlight A Sustainable Competitive Advantage

Startup Professionals Musings

Don’t bash the competition. Every investor knows how vulnerable a new startup is to competitors, so investors always ask about your sustainable competitive advantage in the marketplace. I look for entrepreneurs that can sell themselves and their offering to discerning customers.

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.

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Make Yourself A Key Sustainable Competitive Advantage

Startup Professionals Musings

The most successful entrepreneurs and business owners I know are humble, and they don’t have an inflated sense of self. The only “sustainable competitive advantage” in business is self-awareness. entrepreneur scott belsky sustainable competitive advantage

Here’s how NOT to define your competition

Berkonomics

An entrepreneur pitches using a deck with no slide for competition. We have no competition.”. Professional investors laugh when they hear an entrepreneur come out with that one. We investors see this all the time.

8 Work Trends Driven By New Ventures And Competition

Startup Professionals Musings

Both are required to stay competitive. I have added my own insights, based on my experience advising and working with entrepreneurs and startups: Pay for results, rather than pay for work. Alison Maitland entrepreneurs trends work

Seed Stage Startup Pitch Competition

SoCal Tech Calendar

Tuesday, February 19, 2019 -- Seed Stage Startup Pitch Competition. startups and entrepreneurs pitch on stage for product, business model, and investing feedback, and one winner will take home a valuable prize package. Startup Coil. See [link] (more

The Best Entrepreneurs Are Hyper Competitive & Hate Losing

Both Sides of the Table

This is part of my series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity.

CapLinked Launches Pitch Competition

socalTECH

Los Angeles-based CapLinked , the developer of an online platform for managing fundraising and investors, said this morning that it has launched a new pitch competition. According to the firm, the new competitoin is a way to help entrepreneurs get noticed and gain exposure for their companies, with the finalists invited to make a live, online "pitch-off" to a panel of judges. caplinked pitch business entrepreneur startup competition fundraising

Pitch Competition Like No Other: A Dating Site For Puppets?

socalTECH

A new technology "pitch competition", Techgladiatr , said it is giving away "beer, BBQ, and cupcakes" as part of a pitch event tonight which will give startups 30 minutes to pitch "a business inspired by a random idea". pitch dating competition startup improbable comedian joke april1st april

Investor Secrets For Smart Competitive Positioning

Startup Professionals Musings

In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. Prior recognition and visibility in the target market is invaluable from a competitive perspective.

7 Reasons To Think Positively About Competition

Startup Professionals Musings

Most entrepreneurs spend far too much time thinking negatively about competitors, and can’t resist making derogatory statements about them to their own team, investors and even to customers. Here are seven key ways to do this: Frame the competition as manageable.

8 Principles For Building A Competitive Core Business

Startup Professionals Musings

Based on my experience advising new businesses, all of the principles that he outlines, including the following subset which I generalize here, should be taken to heart by every entrepreneur: Give customers fewer things that matter more. Revenue and competitive position followed.

Investors Look for These Six Competitive Elements

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.

Competition Is A Lie – Tracy DiNunzio Explains Why

InfoChachkie

Tracy DiNunzio, Founder and CEO of Tradesy , recently shared her insights regarding the best approach for entrepreneurs to address competition. competition''s a really interesting thing. Competition Is A Lie. The only thing you have as an entrepreneur.

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.

5 Startup Challenges That Derail Many Entrepreneurs

Startup Professionals Musings

As a mentor to entrepreneurs, I tend to see many of the same obstacles appearing in every new startup, and since I don’t want to appear to be a downer , I’m not sure how to properly warn people ahead of time to be on the alert for these challenges. business challenges entrepreneur startup

Be careful how you define your competition.

Berkonomics

Professional investors laugh when they hear an entrepreneur state, “We have no competition.” It is a failed litmus test for the entrepreneur, even if the plan is for a totally new device or service that could take the world by storm. Whether the entrepreneur has not been able to find companies doing “something like” the plan, or s/he has not considered the most obvious killer of new ideas – doing nothing, it is a faux pas that should never be allowed to happen.

Entrepreneurs Need to Master Competitive Selling

Startup Professionals Musings

A good entrepreneur is not necessarily a good salesman. In my own effort to keep up with the times, I just finished a new book by Landy Chase, titled “ Competitive Selling: Out-Plan, Out-Think, Out-Sell to Win Every Time.” Establish the competitive playing field early.

ACG101's 3rd Annual Emerging Growth Pitch Competition and Showcase

SoCal Tech Calendar

Wednesday, June 5, 2019 -- ACG101's 3rd Annual Emerging Growth Pitch Competition and Showcase. 10 selected startups will pitch to attendees, guest judges (investors and seasoned entrepreneurs) in a showcase/demo table style presentation. On June 5th, we're showcasing a select group of Greater-Los Angeles's finest startups in an event you won't want to miss.

10 Manageable Risks That An Entrepreneur Should Take

Startup Professionals Musings

Entrepreneurs see “no risk” as meaning “no reward.” Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. business entrepreneur smart risks

5 Ways To Sample The Joy Of An Entrepreneur Lifestyle

Startup Professionals Musings

Even though I’m a big proponent of becoming an entrepreneur, it is definitely not for everyone. In my view, entrepreneur roles need to be planned carefully rather than made on the spur of the moment. Adopt the Silicon Valley entrepreneur family model.

VIMBY Powers Walmart's Entrepreneurship Competition

socalTECH

VIMBY , the Los Angeles-based, online production studio created by Mark Burnett, is powering a new entrepreneurship competition from Walmart, the Get On The Shelf crowdsourcing competition. According to Walmart, via its Silicon Valley-based @WalmartLabs unit, it is running the contest to let entrepreneurs get their products noticed and sold on its website and potentially, the Walmart store chain.

Elevator Pitch Competition

SoCal Tech Calendar

Wednesday, November 14, 2012 -- Elevator Pitch Competition. This maxim has special meaning for entrepreneurs seeking funding. If and when an entrepreneur gets an audience with an investor, his or her case for why this venture is better than any other must be clear, concise and compelling. MIT Enterprise Forum of the Central Coast. You only get one chance to make a good first impression. Venture capitalists and angel investors are busy people with hectic schedules.

Organic Growth Startups Won’t Scale Competitively

Startup Professionals Musings

Some people feel that organic growth is “better” because it requires real innovation and sustained effort to create long-term competitive advantage through differentiation and efficiency. acquisitions business entrepreneur growth mergers organic growth

Caltech Entrepreneurs Forum - Transportation

SoCal Tech Calendar

Saturday, November 16, 2019 -- Caltech Entrepreneurs Forum - Transportation. The secondary effects are changing the nature of businesses: traditional retail and restaurant experiences are being replaced by on-demand delivery; Transportation-as-a-Service is now viable and cities are partnering with startups to deliver competitive options for mass transit. Emerging Opportunities in Urban Mobility and the Business Models It Will Enable.

Meet Our Startup of the Year Competition Semifinalists: Mobile Therapy

Tech.Co

From apps to hardware, to KickStarter successes and international startups, we’re inching closer to finding out who will take home the title of Startup of the Year competition at our annual Celebrate Conference in October. Among the dozens of participants that applied for the online competitions, only a few progressed into the semifinals. Co: What was the road like leading up to your initial pitch for the competition?

Qualcomm Launches Second Annual Venture Competition

socalTECH

San Diego-based Qualcomm said Tuesday that it is launching its second annual venture investment competition, the Qualcomm Ventures QPrize competition. According to the firm, this year's competition will provide up to $750,000 in seed funding to entrepreneurs working on mobile ventures. South Korea and Israel are new markets for Qualcomm's competition. Tags: qualcomm ventures venture capital competition

5 Ways To Give Now For A Future Competitive Advantage

Startup Professionals Musings

The new paradigm, driven by disruptive technologies, cloud-served supercomputing, and the new generation of young adults with global empathy, is partnering and giving something now for a competitive advantage in the future.

Real Sustainable Competitive Advantages are Rare

Startup Professionals Musings

One of the most important questions you will be asked by potential investors is how your solutions beats the competition, not just today, but over the three to five year life of their investment. The concept is called “sustainable competitive advantage.”

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

Both Sides of the Table

He was a life-long entrepreneur and the first business he created out of college (actually, he founded it while he was at Caltech) was a company that manufactured high quality audio speakers. Too many entrepreneurs focus on dilution. Entrepreneur Advice This Week in Venture Capital

Real Entrepreneurs Must Make Good Decisions Quickly

Startup Professionals Musings

Every so often a promising entrepreneur seems to freeze in the oncoming headlights and gets run over by his competition. These points may sound obvious, but the process is certainly contrary to the popular “shoot from the hip” approach that is practiced by some entrepreneurs.

What Entrepreneurs Should Never Say To Investors

Startup Professionals Musings

Don’t bash the competition. Every investor knows how vulnerable a new startup is to competitors, so investors always ask about your sustainable competitive advantage in the marketplace. I look for entrepreneurs that can sell themselves and their offering to discerning customers.

LA's ECMC Foundation Backs Female Entrepreneurs

socalTECH

Los Angeles-based ECMC Foundation , a foundation that provides funding to both nonprofit and for-profit ventures focused on college success and career readiness, has helped backed two female entrepreneurs, along with investment firm Chloe Capital. Size of the investment was not announced, however, Chloe Capital and ECMC Foundation said the investment was made in Los Angeles at an investment pitch competition at L.A.

A Stronger Economy Means More Competitive Threats

Startup Professionals Musings

As the business economy rebounds, many entrepreneurs are thinking that life will soon get easier, and their opportunity can only grow. Porter proposed his Five Forces framework for analyzing the competitive environment which I think makes even more sense today.

New Entrepreneurs Are Rebuilding Our Business Engine

Startup Professionals Musings

On the other hand, everyone wants to be an entrepreneur. His focus is on entrepreneurs in America, but what he says applies to every other country as well. Competitive advantages are rapidly vaporizing on these. Entrepreneurs growing companies create more value and more jobs.