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This blog started from a series of conversations I found myself having over and over again with founders and eventually decided I should just start writing them.It He wants to compete to be the lead drummer in the competitive ensemble and study under Terence, an obsessive instructor who is hell bent on winning competitions for the school.
It was a pleasure to write them myself. 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.&#
Last week, the University of Southern California 's Viterbi School of Engineering announced that it had established a new, business plan competition, the Maseeh Entrepreneurship Prize Competition ([link] specifically aimed at students in the engineering school. Why a business plan competition, and why in engineering school?
Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. In the competitive realm of business, you only get one chance to make a great first impression. Keep your writing voice friendly and courteous.
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. If we continue our success we will have strong competition. So did the media. Everybody gains.
Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. In the competitive realm of business, you only get one chance to make a great first impression. Keep your writing voice friendly and courteous.
One thing I have learned the hard way in business is that implementing new ideas is usually much more difficult than conceiving the idea in the first place. That’s why I caution my aspiring entrepreneur clients against proclaiming to investors that they are a great “idea” person. For example, I have a friend with a Ph.D.
But should you actually write one if you’re a startup, an industry figure (lawyer, banker) or VC? This is a post to help you figure out why you should write and what you should talk about. eCommerce is an enormously competitive search term. Write out the topic and maybe even the blog title. Absofuckinglutely.
It’s building a product that is substantially differentiated, and, as Bill Gross, one of the most prolific tech entrepreneurs of our era says, “ It needs to be 10x better than the competition ” (because if you shoot for that then in competitive markets you might achieve 3x. Rebelling is simply a form of snobbery.
In addition, the discipline of producing it, like writing a business plan, will help you immensely in understanding the key elements that drive you and your business. I often hear the excuse that writing a book takes precious time away from building and running your business, which you cannot afford.
.” Here’s what I mean … Let’s start with what it takes for a journalist to want to write a story. Do I have an “angle” from which to write the story (first company to do X, company does biggest X, consumer behavior is doing X)? Do I have data or facts to present so the story has legs? Final example.
You’ll have less competition. But you have no idea what to do next. Competition is good, but – if there are hundreds of businesses out there that already have gotten to and penetrated this niche – you’re going to find it hard to get through the marketing noise. So, what other benefits are there to niche marketing?
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. Did they have the right skills? Would they build a world class team.
I’ve always believed that you learn a great deal when you’re presenting, teaching or writing about what you know. Part of the reason I always found presenting to people so compelling is that it forced me to put into writing (a PowerPoint deck) what I thought I knew about a topic. It’s just my writing style.
Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. In the competitive realm of business, you only get one chance to make a great first impression. Keep your writing voice friendly and courteous.
We talked with Noah about how the company grew out of a business plan competition at the University of Southern California, his recent funding from the Maverick Angels, as well as how the firm hopes to stand out among a crowded list of comparison shopping sites. Noah Auerhahn: We just had too much free time at USC.
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. A great idea often fails from the inexperience or inability of management to bring the idea to market. And fifth: Competitive risk.
Great Startup Ideas Come From Everywhere. "At "At Microsoft there are lots of brilliant ideas but the image is that they all come from the top – I'm afraid that's not quite right." Bill’s advice reflects Microsoft’s hardnosed culture, which encourages internal competition and a ruthless pursuit of the truth.
The idea that the course asks students to write public blog posts is a testament to its more modern teaching style. My list of excuses includes: product, pricing, competition and lack of sales support. This includes presentations, ROI calculators, competitive analyses and so forth.
And it is more satisfying because it is yours, from idea to execution. Email readers, continue here…] This moment is not to be spoiled by such mundane warnings from advisors or consultants to plan carefully, research the market and competition, and execute the plan with tenacity and enthusiasm.
Patents held by startups generally have a limited ability to reduce competition. PTO examiners consider a very narrow set of criteria which does not include the commercial efficacy of an idea. There is a common misconception that an idea can be protected by documenting it, placing it in an envelope and then mailing it to yourself.
Attempt To License An Idea. Rationale: My idea is so mind-blowingly fantastic, I can sit back and collect licensing fees while someone else does all the work required to turn my idea into a successful business. Fallacy: Ideas are worthless, while skillful execution is priceless. Fallacy: Yes.
Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. In the competitive realm of business, you only get one chance to make a great first impression. Keep your writing voice friendly and courteous.
I answered in the same way I always do so I thought I’d just write it publicly. “I As a starting point I have to believe the founder has the attributes of an entrepreneur that matter most to me : Tenacity, resiliency, inspiration, perspiration, attention-to-detail, competitiveness, decisiveness, risk tolerance and integrity.
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 ;-). VCs, how to select a VC, etc.) Most VCs are book smart.
If you know, VCs end up writing sizable checks into their own funds, which is important in better aligning interests. Therefore of course they need to be more selection when writing checks and can’t spread their bets across 75 deals. million round I might write $1.8 – 2.2 This is the same way VC firms, by the way.
If I’m interested I get to spend more time with them, if I’m not I don’t have to – A few companies per month come in that have fascinating business ideas that warrant my spending more time trying to understand their people, company, technology and market. I’ll write about that in a couple of weeks.
When to get a lawyer - If you plan to be a venture or angel backed technology company (what I mostly write about) the best time to start meeting and getting to know lawyers is long before you ever start your company. I write about some of the lessons in my post on Startup Mistakes. But make it competitive.
What's the whole idea behind WordHustler? In their case, people write their scripts on a web site, and when they're done, they can submit them to contests with a single click. What kind of writing and writers are you targeting? People can write comments and rate publishers, which we vet very carefully.
I’m writing this post as part of my series with Advice on Raising Venture Capital but will file it under Sales Tips as well since it applies equally to both scenarios. tip: write it down when asked / parked). Let me write that down.&#. - Congratulations. Do you mind if I answer that a little later in the presentation?
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. At 12.30pm in the afternoon the idea to create the video was hatched. Harlem Shake. million views). They taped it at 3.30pm for 2 minutes.
I believe the old adage that you don’t know what you don’t know until you try to write it down. The discipline of writing down your plan is the best way to make sure you understand how to transform your idea into a business, and how to communicate it. Not every great idea is a viable business.
In many ways I think general purpose writing & thinking skills are as valuable as math skills. We also spoke about technology systems in the perspective of global competition. In Clayton’s new books he takes on similar themes with the three major ideas being: How to be sure … 1. Have a Happy with Career.
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. But it did take Brad as a public spokesman, consummate networker and successful VC to help create legitimacy to let David’s ideas flourish. I don’t write about LA but I write from LA.
Most colleges have now added classes in entrepreneurship to include the necessary business focus to technical majors that usually drive innovative ideas. Every school recognizes the power of “hands-on” work to help you develop your own ideas into a business. Write a business plan and pitch deck for learning.
A few years ago, I saw a classic primer on the key elements of great online content that I like, in “ Launch: How to Quickly Propel Your Business Beyond the Competition ,” by Michael Stelzner, founder of SocialMediaExaminer.com. Your content must continue to deliver new ideas. Then write it down. Educational. Easy to digest.
As a mentor to many business professionals and owners, and aspiring entrepreneurs, I find a wealth of innovative ideas, but often less insight on what it really takes to transform ideas into an income stream that can excite new customers into long-term business success. A great innovation starts with at least three ideas.
And it is more satisfying because it is yours, from idea to execution. This moment is not to be spoiled by such mundane warnings from advisors or consultants to plan carefully, research the market and competition, and execute the plan with tenacity and enthusiasm. But the excitement begins much earlier. Email readers, continue here.]
” To be clear 9-9-9 would never pass through the legislature and I’m not endorsing the idea (although I greatly believe a dramatically simplified tax code is hugely necessary – it has too many political opponents because anybody adversely affected by changes to the tax code is financially motivated to lobby against it).
And it is more satisfying because it is yours, from idea to execution. This moment is not to be spoiled by such mundane warnings from advisors or consultants to plan carefully, research the market and competition, and execute the plan with tenacity and enthusiasm. Write your own Hollywood script.
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. Email readers, continue here…] A great idea often fails from the inexperience or inability of management to bring the idea to market. And fifth: Competitive risk. .
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!” Fast early growth in a market is often eroded when competition gets fierce and prices are forced down due to competition.
Most importantly, the community has been contributing some amazing test implementations and demonstrating the fun and utility of some good-natured performance competition. But we have an idea for dealing with Gozer. Mostly so that we can use the opportunity to write a blog entry and generate hype!) More on that later.
It’s direct, authentic, non-packaged creative around a particular set of ideas. We write blogs, we do music videos, we show up, we engage with people…we love our product. Write Your Own Playbook. Chris is the CEO of Gnip , a Foundry Group portfolio company. We have never done a press release.
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