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We started with our financial statements. Then competition. So I changed things up and became much happier with my results. You put some update slides on things like key hires or biz dev deals being negotiated and you didn’t plan to talk about them. Harder to do that when you have an 8am start.
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. where do you need to make investments to make up ground and therefore need capital?).
I recently did a post for startups on understanding sales people. A few people have asked me to try and define the perfect startup organization chart. But I do have more insight into understanding your startup team. Often I’m asked by startup CEO’s about how to best build an engineering team.
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. If the other party asks you to send them your slides, find out why they need them.
If you can meet a partner up front it’s always best but sometimes it’s not possible. If you don’t, make sure you follow up and ask for feedback. Remember that most people are visual thinkers and Powerpoint slides simply help frame the conversations. Competition. What is the VC process? Market sizing.
One of the startups to come out of that 3D printing revolution is Deka Sounds (www.dekasounds.com), which is based in Orange County. We caught up with founder and CEO Erik Adams to hear more about what is startup is up to, and how it''s trying to use the crowdsourcing site Indiegogo to raise money for its startup.
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.
The reason for this is that the executives who founded the company have so much tacit knowledge of how to position their product relative to the competition that they can easily win campaigns when they’re involved. So I often work with teams to get them to codify the key things they do well that the competition does not.
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.
One of the readers asked my opinion around sharing your startup concept: My first question has always been - how do you protect your idea while shopping around for feedback, partners, developers, etc.? Especially if the idea could be whipped-up by a few 24-year olds in a few weeks? Lots of thoughts here.
As a member of the local angel group Selection Committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short - maybe short on content, but not short on pages! A perfect round number is ten slides, with the right content, that can be covered in ten minutes. Marketing, sales, and partners.
Either way, don’t assume that the entire room is up to speed on your company. My plan would be to start the presentation at the 50,000 foot view and then dive down to a more granular level once we’re all base-lined. Other times the partner wants to test whether there is support before sinking in tons of due diligence time.
One of the readers asked my opinion around sharing your startup concept: My first question has always been - how do you protect your idea while shopping around for feedback, partners, developers, etc.? Especially if the idea could be whipped-up by a few 24-year olds in a few weeks? Lots of thoughts here.
As a member of the local Angel group selection committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short - maybe short on content, but not short on pages! A perfect round number is ten slides, with the right content, that can be covered in ten minutes. Marketing, sales, and partners.
An entrepreneur pitches using a deck with no slide for competition. We have no competition.”. If you are raising funds, list “do nothing” as a viable competitor in your slide deck. We investors see this all the time. When asked (as we always do,) the response is “This is new.
I am a big believer in VC pitches that the bio slide should come up front. The short answer is that by knowing the key members of the management team the VC firm can quickly identify strengths on your time and know whether you have some competitive advantage in your chose field relative to other people with whom you will compete.
This raises a big red flag with potential investors, who conclude that no competitors means no market, or you haven’t looked, and the new startup is likely not investable. First to market, for example, is not normally a sustainable advantage for startups. Startup team with experience and connections is this domain.
This raises a big red flag with potential investors, who conclude that no competitors means no market, or you haven’t looked, and the new startup is likely not investable. First to market, for example, is not normally a sustainable advantage for startups. Startup team with experience and connections is this domain.
I have long advised startup companies that if you don’t control your messaging somebody else will and your potential customers will form impressions of you shaped by somebody else or by nobody at all. My starting salary was $27,000. I can’t make this up. I have published many of these PR Tips before. ” F**k.
Rarer still is the startup CEO who can make the transition effectively on their own. Unwillingness to devolve power is the bane of many management teams at startup companies. I see the problem directly at many startups I know. The problem is that we started with an SLA that was too favorable to us. This seldom works.
This is part of my ongoing posts on Startup Advice. The world has changed much since I started my first company in 1999. Tim started to change our processes. Tim encouraged us to set up a blog and start talking openly about what we were doing as a company and inviting comments. Back then it seemed foreign.
They decide to wake up early to read the materials. In town board members also only scan it because they, too, have morning meetings before the board meeting starts. The deck itself was produced by a committee of functional team lead who were asked to do 5–7 slides each for an update. The meeting starts.
How did they end up with such an irreverent site and what was their objective? Should you have 7 people doing your seed round and why Ron Conway is the S&P 500 of Venture Capital (this discussion starts at minute 59). Online travel guide that is served up in-stream with restricted data size in the same was as Twitter. -
CapLinked , the online platform for private investment funded by members of the “ PayPal Mafia “—announced that it is launching a worldwide pitch competition for entrepreneurs to present their business ideas to a panel of all-star judges from Idealab, Rincon, Rapidfire, and Actarus. The deadline for entering is November 15.
Join if you think your career will progress because you’ll be given more responsibilities than elsewhere and if you’re good at what you do you can move up quickly. The best policy is transparency – The stream on Twitter, as best as I can tell, started with Chris Dixon sending the following Tweet (see graphic).
For those who haven’t heard of what Startup Weekend is all about, it’s building a company on STEROIDS! Friday Night, people started trickling in at Coloft at 6pm. People were so excited for the weekend, many of who have participated in Startup Weekend before and a few like me, who were there for the first time.
The event--one of a number of events focused on LA tech, entertainment & startups tied into the Silicon Beach Fest--will award $20,000 in cash from StartEngine, $12,000 in cloud hosting services from Peak Hosting, and many other prizes to the top technical products cooked up at the event. READ MORE>>.
A business plan is the outward facing definition of the business you hope to drive with your hardware solution, with a hardware overview in the intro to highlight customer value and competitiveness. The most common business entity used for startups is a Limited Liability Corporation (LLC), which is the cheapest and simplest to manage.
Entrepreneurs who are looking to attract investors need to develop and pitch a plan -- preferably written -- that answers every potential investor question about your startup before it is asked. This is also the place to first mention patents and any other differentiators that put you ahead of competition.
There are a million ways to make graphics lighter or resize your file without a huge impact on the quality of the slides?—?after I would likely open up your deck, read it again and begin contemplating your company again. Competition isn’t won or lost by your marketing decks?—?it’s after all you aren’t presenting this at TED.
Eugene Cho is CEO of San Diego-based Echo Laboratories (www.discover-echo.com), a startup which is developing a new kind of microscope. The startup is backed by the Tech Coast Angels and Dolby Ventures. One, is an upright, traditional looking microscopes, where you look at glass slides. How did you start the company?
As a member of the local Angel group selection committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short - maybe short on content, but not short on pages! A perfect round number is ten slides, with the right content, that can be covered in ten minutes. Marketing, sales, and partners.
Every entrepreneur needs a value proposition statement for his or her startup that can hook potential investors and partners in less than a minute -- the short time you might join them in an elevator on the way to their offices. Build up for the punch line at the end. Always start with a hook to get the investor’s attention.
As an aspiring entrepreneur, one of the most important things you need is a memorable “ elevator pitch ,” to communicate your startup value proposition and leave a great first impression on friends, investors, employees, and future customers. It’s better to start with a hook than to assume that people will stay with you to hear it at the end.
What's the difference between pitching your startup on television, versus pitching your startup in real life? And how do you best take advantage of a TV audience to promote your startup? Hatched recently started into its second season. I think the best entry level position is starting in investment banking.
When pitching to investors, entrepreneurs always seem to start with a customer pitch, then add a slide or two about the business. In reality, they need a separate pitch about the business, carrying over only a slide or two about the solution. Competitor positioning and sustainable competitive advantage.
Every new startup I know dreams of being funded early by one of the 318,000 active Angel investors in the USA alone. Over the past 10 years, I have had the opportunity to see how the process works, several times from the startup side, and more recently from the Angel perspective (as a member of an Angel group screening committee).
Eugene Cho is CEO of San Diego-based Echo (www.discover-echo.com), a startup which is developing a new kind of microscope. The startup is backed by the Tech Coast Angels and Dolby Ventures. One, is an upright, traditional looking microscopes, where you look at glass slides. How did you start the company?
Every new startup I know dreams of being funded by an angel investor. Over the past 10 years, I have had the opportunity to see how the process works, several times from the startup side, and more recently from the angel perspective (as a member of an angel group selection committee). Line up an experienced team.
I’ve had many startup founders tell me that their startup literally has no competition,” said Frank Gruber, Cofounder of Tech.Co, Startup of the Year , and Established. “In What startup teams don’t realize is that having competition is good. Also keep the slides clean and easy to read.
Every new startup I know dreams of being funded by an angel investor. Over the past 10 years, I have had the opportunity to see how the process works, several times from the startup side, and more recently from the angel perspective (as a member of an angel group selection committee). Line up an experienced team.
From LA Demo Day to Silicon Beach Fest to Crowdstart LA to hackathons to Startup Weekends, companies and entrepreneurs alike have joined forces to feed the startup ecosystem. Startup Weekend is a 54-hour frenzy in which a group of strangers can come together to form a company and compete for prizes.
But over the next several years, states will be setting up Small Business Health Options Program (SHOP) exchanges, offering qualified health insurance options for companies with as many as 100 employees, even more in later years. As a consequence, small businesses should be able to get competitive insurance plans and better pricing.
In my work with new and aspiring entrepreneurs, I find that most struggle with putting together a written business plan, often pointing out that someone they know started a business without anything written down. Starting a new business starts with selling everyone, including yourself, on the viability and specifics of your idea.
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