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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 startwriting them.It But the film has my brain buzzing all week about obsessive and competitive people. The desire to be better than anybody else in one’s field.
This week I wrote about obsessive and competitive founders and how this forms the basis of what I look for when I invest. In the comments section a clever question popped up about whether I would have invested in myself before I became an investor. My first response mentally was, “Of course!” They choose a different path.
Understanding “The Funding Angle” I sit at enough board meetings to hear conflicting advice given to entrepreneurs about how to handle PR and announcements at startups. I will add to this as I write more in the coming weeks on the topic. For starters, once you announce your competitors instantly will start tracking you.
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. People often ask me why I started blogging. It really started simply enough. Struggling to come up with enough topics?
Obviously you should have somebody that helps you research journalists, gets you meetings, pitches stories, helps prep you for interviews & helps make sure your writing is cogent. In a startup this is a mistake. In this instance I typically recommend that startups NOT hire a big, well-known PR firm. There is one carve out.
If you’re a startup and you don’t have a close relationship with a few law firms you’re really missing one of the most important relationships that any entrepreneur can have. Many people start companies arse backwards. I write about some of the lessons in my post on Startup Mistakes.
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?
She was leaving IAC to start a company. Competitive sportswoman. Somehow she was always on a flight up to Seattle or San Francisco. Didn’t I make myself clear about celebrities & startups ? She helps write press releases. Turns out she’s done this startup thing before. Does that work for you?”
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. The idea that the course asks students to write public blog posts is a testament to its more modern teaching style. I wrote about the four types of sales people here.
We started with our financial statements. Then competition. So I changed things up and became much happier with my results. But they were in a slide and people asked you questions so it ended up chewing up 30 minutes. Harder to do that when you have an 8am start. We then talked about our product roadmap.
It was a pleasure to write them myself. 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. He came up to Bill after the event and said, “clever idea, we should do that with you.&# Overture (Goto.com).
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!” Exec Summary: Most companies (98+%) in the world (even tech startups) should be very profit focused. What makes up revenue?
It’s not hard to find people willing to write the narrative that “venture capital is not an asset class” or “venture capital has performed terribly.” I hope to publish that deck and a full writeup in the next 10 days in partnership with Dan Primack at Fortune (if my writeup doesn’t suck, I guess ;-)).
2 preamble issues having read the comments on TC today: 1: I know that the prices of startup companies is much great in Silicon Valley than in smaller towns / less tech focused areas in the US and the US prices higher than many foreign markets. I said both in the article but felt compelled to provide a statement up front for the skimmers.
What could you learn from looking at your competitors or other tech startups in a different way? Or you think their startup is a passing fad and yours is the real deal? Albert Wenger from Union Square Ventures wrote a great post the other day that reminded me I’ve been meaning to write about this topic. Eff you guys!
Often when startups who have raised venture capital need another round of financing they will turn to their existing investors to give them money before raising from outsiders. It starts as a debt instrument (e.g. They likely are extending payments to debtors way beyond that expected payment terms and start damaging supplier relations.
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?
When I first startedwriting this blog several years ago I had less followers than you have right now. But the realist in me knew I couldn’t write daily nor could I convince you to think to check out my blog with regularity. .” It’s like a Pachinko machine (yes, I had one in my house growing up).
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 recently sat down with Matt Coffin , the founder of LowerMyBills, which sold for $400 million but was very nearly a bankruptcy only a few years early, and talked “startups.&#. Matt is one of the most transparent, focused & honest startup guys you’ll meet. o Put a timeframe/money – competition in the picture.
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?
As a tech startup grows it needs to develop more process & management if it is to scale. Some objections are real and they end up becoming changes to your product, your service plan or your pricing / bundling. All-in-one solutions may initially seem appealing but you end up getting inferior innovation.
Do you need a board when you first start you company? If you haven’t raised any money or if you raised a small round from angels or friends & family I would suggest you avoid setting up a formal board unless the people who would join your board are deeply experienced at sitting on startup boards.
If you’re a technology startup you need to excel at product, of course. The starting point of product IS marketing, which is what a lot of young entrepreneurs that never studied business don’t realize. The start of marketing is figuring out a market need and a way to solve that need better than anybody else.
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.
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. In my next post I will write about one of the five companies.
There is nothing quite as thrilling in business as igniting a startup and watching it blossom. Especially when starting a company with personal savings or money from relatives and friends, early signs of success are intoxicating. Dave Berkus The post Startup intoxication! Do you ignore the warnings of experts?
Like Steve Jobs, Michael Dell and Larry Ellison, he is one of the few startup Founders who remained at the helm of their respective companies throughout their entire maturation process. Great Startup Ideas Come From Everywhere. "At One Of The Most Important Startup Skills. "The " [Tweet this quote].
of all statistics are made up. I’m writing this post to make sure you’re all on that same playing field. Here’s how I learned my lesson: I started my life as a consultant. I had to read each report, synthesis it and then come up with our best estimate of the markets going forward. I say it deadpanned.
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.
So I’m not suggesting to startups that you define bad market positions to get noticed. Repetition, repetition, repetition – You need to take every opportunity to ram home your key messages with people so they really start to remember your unique market positioning. It is simple and easily explained. Is it good policy?
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.
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. Either way, don’t assume that the entire room is up to speed on your company. tip: write it down when asked / parked). Congratulations.
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.
would you want to give up the right to invest in subsequent rounds? Do investors always take up their prorata rights in later rounds? The simple answer is “No, investors don’t always take up their prorata rights.” Finally, some early investors specifically like NOT taking up their prorata.
I told him only 2 weeks ago when we were in London together that I wanted to write a blog post that has been in my head for 2 years. And so are most startup CEOs for that matter. He picks up the phone when he wants to discuss a deal with you. When my pal Dave started his venture fund, 500 Startups, he was ridiculed.
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.
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.
When to start PR? It’s why in this article I advise that people “market today not futures” because you don’t want your playbook in the hands of the competition. In a startup this is a mistake. It’s like “direct” traffic to your website that seems to magically appear.
I’m inspired by the enthusiasm of the young, emerging startup ecosystem that is here. As I gear up to give a keynote at the annual Seattle 2.0 awards dinner on Thursday night I started reflected on what it would take to “change the trajectory&# for Seattle or for any regional market, really.
It’s an important film and the most important topic of our generation if we as a country want to remain competitive in a world that has globalized. And his stated goal at his young age is to get an education so his kids can grow up in a better neighborhood. I grew up in public schools and so did my wife. We were lucky.
I work with a lot of startups. I start to notice when bad behavior creeps into the system as a whole. I remember just a decade ago in 2003 when we all laughed at how dumb people in the 90′s were talking about the race to “capture as many eyeballs as possible” before your competition. Should I write off my $2.5
Let me start by saying that Clayton is one of the most influential people on my thoughts about markets that led to both the concept behind my first startup and my main theses in investing. Startup Grind was a truly awesome conference and Derek the consumate host. .” Who else does Clayton pray for? Stay Out of Jail.
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.
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