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Are Business Plans Still Necessary?

Both Sides of the Table

and the subsequent acquisition sprees of companies like Google, Yahoo!, Do you really want to spent $100k building a product to discover through Customer Development that the market is too small? The COGS (costs of goods sold) tells me about how big your customer acquisition costs will be. portfolios. You get the point.

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This Week in Venture Capital – Episode 2

Both Sides of the Table

billion to Yahoo! The question will be “at what price?&# And for investors, “at what valuation did they get in?&#. $10 My take was that this follows three trends: a) customer involvement in product design, b) mass customization [e.g. Because GoTo.com was his idea. Overture sold for $1.6

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

Both Sides of the Table

He said it was better than the Yellow Pages because he would provide pricing transparency. GoTo.com went on to ink huge distribution deals with Microsoft, AOL & Yahoo! Overture was sold to Yahoo! So when he saw the browser it instantly dawned on him that this would be the greatest customer development tool ever.