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Information Asymmetry - The biggest problem that presenters face in large (5+ people) is information asymmetry. You come into a meeting where your sponsor (the person who invited you to present to the partners) knows a lot about you and the rest of the room may have varying degrees of knowledge. Does that sound ok?&#.
Recently I’ve been debating with a number of young startup companies that are raising money in the next few months, “what is the right about of capital to raise at a startup?&#. there may be major competitive changes in the market that makes your next funding round hard (e.g. Who started this meme?
Her post is short & well written so definitely worth a read if you’re a startup person and want to hear some sensible views on sales. My list of excuses includes: product, pricing, competition and lack of sales support. However, I advocate a more nuanced approach for early-stage startup teams” 1.
Tracy DiNunzio, Founder and CEO of Tradesy , recently shared her insights regarding the best approach for entrepreneurs to address competition. Tracy''s frank, pragmatic and somewhat controversial comments were presented as part of UC Santa Barbara''s Distinguished Lecture Series. competition''s a really interesting thing.
He presented the idea at the TED conference in the mid 90′s and was literally boo’d while he was on stage. At the time when you did a search on Lycos, Alta Vista or similar for a category such as Cars you ended up getting 9 spam results and 1 proper website to meet your needs. Summary notes, as always, provide below.
A company presents. The rest of our partners, principles, associates and EIRs can weigh in with commentary on their views of the quality of the entrepreneur, the market, the product, competition and so forth. Sometimes this feedback is sufficient to start to erode his confidence in pursuing the deal. I want strong leaders.
Last night I attended the inaugural Open Angel Forum event started by Jason Calacanis , a fellow LA resident. Jason started the Open Angel Forum in response to his frustration that entrepreneurs were being charged by some angel organizations to present at their events. He wrote an excellent blog post on this topic.
What does it mean to be a CTO for a startup? Should a startup CTO spend their time programming? Increasing competitive advantage? Here’s a graphic from Socal CTO that illustrates the roles as they change over time: In its earliest days, a startup’s top need is often to produce a product. What does the role demand?
Friday, June 24, 2016 -- Hub101 Hacks Presents: Student Life StartupCompetition. Then come on out and show us your great idea for the startup to solve every student's problems! Event Description Life as a student can be pretty rough. Think you have the innovativeness to make it more bearable? See [link] (more)
They had some pretty high quality companies presenting. USC’s Marshall School of Business will host the second annual Silicon Beach Awards (SBAs), a $50,000 venture competition focused on innovation in technology & entertainment. Choose the number of tickets (up to 4) and complete the form.'
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?
We all like to think of startups as “non hierarchic&# organizations and to some extent that should be true. I see two common mistakes in companies (not just in startups, in fact). By going on sales calls you pick up directly the feedback of what customers want and also what they’re telling you about competition.
I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. I’ll start with an obvious one – I talk with the entrepreneur about competitors. You can tell if they have a deep-seated competitive spirit. You can tell if they have a deep-seated competitive spirit.
Chick Launcher , the local effort to help bolster women led startups, has named the five finalists for its Fast Pitch Competition, the group said this week. The group said it also has awarded $5,000 for the Best Fast Pitch presentation to I Heart Savvy. chicklauncher women startupscompetition fast pitch'
Competition. And the reality is that if you have no competition it will likely be perceived as a negative, not positive. And the reality is that if you have no competition it will likely be perceived as a negative, not positive. Leaving your real competitors off of you presentation to a VC is not recommended.
Wednesday, July 26, 2017 -- Startup Demo Competition. 805 Startups is partnering with the City of Thousand Oaks to hold a startup demo competition at their beautiful Thousand Oaks Civic Arts Plaza.
I presented the deck below – which was prepared with the great help of Upfront Venture’s Principal Jordan Hudson – at Dave McClure’s must attend event called PreMoney with much more data and narrative than I had in my blog post. Startup Lessons' These are most notable in late-stage, D-round, investments.
Nearly every successful tech startup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. Innovate In the early years of a startup there is a lot of kinetic energy of enthusiastic innovators looking to launch a product that changes how an industry works.
of all statistics are made up. Here’s how I learned my lesson: I started my life as a consultant. One of our core tasks was “market analysis,&# which consistent of: market sizing, market forecasts, competitive analysis and then instructing customers on which direction to take. I say it deadpanned. It’s irony.
In December 2007, I described how I commonly take on an Acting CTO Role in a Start-up. However, I’ve now begun questioning how and what an early-stage / startup CTO should be. What worries me a bit is how often I read that startups should hire a developer / hands-on lead developer. Gap closed, right? Probably not.
This time, Frank gives the Top 10 Ways to Win a Business Plan Competition. I'm a judge in a local university's business plan competition. Over the past few years I've been involved in different ways in the UC Irvine, Paul Merage School of Business, Business Plan Competition. They came in 2nd place. 1 Be kind to the judges.
I started the series talking about what I consider the most important attribute: Tenacity. You’ve got to be able to come out of unsuccessful VC meetings, pull your socks up, and go into the next pitch. You’ve got to hear all of the doubters, and the world is FILLED with doubters, and still not give up.
2023 hasn't been an easy year to be a startup. In fact, according to Crunchbase more than 212 startups closed their shutters in the third fiscal quarter alone – the highest number recorded in the firm's history. Yet, while many early-stage startups crumbled under the pressure, diamonds also emerged.
TechCrunch Europe ran an article in November of last year that European startups need to work as hard as those in Silicon Valley and I echoed the sentiment in my post about the need for entrepreneurs to be maniacal about their businesses if one wants to work in the hyper competitive tech world. I started feeling panic attacks.
Here are some observations I have from this exposure: If a company moves from strength-to-strength with predictable outcomes, easy financings, low staff turn-over, limited competitive threats then the composition of the board probably doesn’t matter as much. This is part of a series on a Board of Directors at a Startup.
Introducing Bitcoinference | A Decentralized Conference , hosted by illustrious startup accelerator, 500 Startups. Bitcoin has had a rough start to the year (to say the least) – with a never-ending news feed consisting of massive bankruptcy , scandal stories, and car chase media fiascos. Getting Things Started.
Creating awareness for your brand and products is one of the lifebloods of technology startups yet in a world where so many companies are being created it becomes difficult to rise above the noise. ” Here’s what I mean … Let’s start with what it takes for a journalist to want to write a story.
Some great content around the intersection of startups and being a Startup CTO in June this year. This continues my series of posts: Top 29 Startup Posts May 2010 Startup CTO Top 30 Posts for April 16 Great Startup Posts from March There was some really great content in June. It shows a lack of interest.
My pal Dave occasionally presents “headline risks” for investors. And so are most startup CEOs for that matter. He talked about how Neeleman worked at Southwest Airlines but couldn’t keep his job because at management meetings he was too impatient to sit through a bunch of corporate b t without speaking up and saying it was wrong.
Amarillo’s advice is consistent with my comments in the StartupCompetition ; get to know your competitors on a personal basis, while appearing as innocuous as possible. Be vigilant and keep your eyes on your competition, especially when they are dealt their hands. The same is true with poker. Hold and Fold. “
I grew up believing that human behavior was 20% nature, 80% nurture. of all data is made up. OK, not literally made up. So going into a startup scenario you bring these innate skills or you don’t. You don’t need to be great at all of these attributes to be part of a successful startup team.
I’m not talking here about trying to be a stand-up comic, or weaving theatrical tales. Relate when and where your passion started. In most cases, a new startup idea and plan was driven by a specific personal incident that left you with the conviction that you still have for this opportunity.
Sunday, September 6, 2020 -- National Business Plan Competition Deadline/Pismo Ventures. Pismo Ventures presents the National Venture Plan Competition (NVPC). Seee [link] (more)
How to Deal with Electronic Distractions Of course the biggest competition you have with the attention of your board members is their mobile phones. Announce at the start of the meeting that you’d like the board meeting to be “electronics free” including mobile phones, laptops or tablets. Most likely you’d be wrong.
Note: This is Part I in the Startup Advantages series. Startups have few advantages. The more sensitive the data and potentially damaging to your company, the more likely it will end up in the hands of someone who can use it against you. One of the most significant is the ability to keep your cards close to your vest.
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. How did the company start? Noah Auerhahn: We got started right out of USC.
Balance is also an extremely important factor among a founding startup team. Just like starting a company as a sole founder, it is possible to excel without a partner, it''s just a lot harder. Outside of the startup world, there is a partnership which has served humankind well since the beginning of time marriage.
As an investor, I always listen carefully to what an entrepreneur says, and does not say, about competition. Every business area has competition and every customer has alternatives, so a smart entrepreneur needs to acknowledge these as a positive in defining a big market, and position the features of a new solution in this context.
Every startup and every new business needs a unique selling proposition (USP) to get people’s attention these days, and make it stand out in the information overload we all see. I’m looking for the “hook” right up front, or I lose interest quickly, just like every customer and investor these days. Do include some quantification.
As an investor, I always listen carefully to what an entrepreneur says, and does not say, about competition. Every business area has competition and every customer has alternatives, so a smart entrepreneur needs to acknowledge these as a positive in defining a big market, and position the features of a new solution in this context.
As an investor, I always listen carefully to what an entrepreneur says, and does not say, about competition. Every business area has competition and every customer has alternatives, so a smart entrepreneur needs to acknowledge these as a positive in defining a big market, and position the features of a new solution in this context.
If all you ever do is create YouTube content then I agree – that’s not a viable startup business. This kind of spend happens all day long inside startup companies and 100% of the spend on attracting customers is a cost. I believe that the high revenue share YouTube takes encourages platform competition.
Wednesday, June 7, 2017 -- ACG101's First Annual Emerging Growth Pitch Competition and Showcase. On June 7th, we're showcasing 10 of Los Angeles's finest startups in an event you won't want to miss. See [link] (more)
Wednesday, June 5, 2019 -- ACG101's 3rd Annual Emerging Growth Pitch Competition and Showcase. 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. Three finalists will then be selected to formally do a 2-minute pitch for the grand prize! See [link] (more)
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