Startup Professionals Musings

JUNE 26, 2020

As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. What you don’t realize is these famous investors only deal with entrepreneurs who sold their last company for a $100M dollars or more.

Product 169

Product Summary Startup Examples 169

Startup Professionals Musings

OCTOBER 6, 2023

For the elite startups and entrepreneurs who manage to attract the investor they dream of, and survive the term sheet negotiation, there is still one more hurdle before the money is in the bank. Due diligence always involves on-site visits, informal discussions with any or all members of the team, vendors, and good customers as well as bad.

Technical Review 118

Technical Review Startup Satisfaction Invest 118

InfoChachkie

JANUARY 18, 2012

As part of UC Santa Barbara’s Distinguished Lecture Series, serial entrepreneur and noted venture capitalist Mark Suster recently shared his advice with a large crowd of emerging entrepreneurs. In the last six weeks, I have been pitched by five entrepreneurs under 20. But our product wasn’t ready for primetime.

Entrepreneur 272

Entrepreneur Startup Conference Santa Barbara 272

Startup Professionals Musings

DECEMBER 18, 2022

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Investors are buying part of the business, not the product or service. Both of these approaches are a waste of your time and theirs.

Technical Review 109

Technical Review Startup Statistics Social Media 109

Startup Professionals Musings

AUGUST 29, 2015

With the advent of social media and the pervasive move to smartphones, even customers who still prefer to purchase in brick-and-mortar stores have dramatically changed their shopping habits. Many people don’t post about their experiences, but still routinely check first to see what others are saying about the brand and the product online.

Custom 103

Custom Customer Marketing Social Media 103

InfoChachkie

JANUARY 16, 2018

Jim Semick: I’ve been launching and managing software products for 15 years now, going back to when you and I worked together at Expertcity before it was acquired by Citrix. I have always worked on early stage products. Some of the products I’ve helped validate and launch include GoToMyPC, GoToMeeting and AppFolio.

Venture Capital 115

Venture Capital Entrepreneur Santa Barbara SaaS 115

Startup Professionals Musings

SEPTEMBER 24, 2014

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Investors are buying part of the business, not the product or service. Both of these approaches are a waste of your time and theirs.

Entrepreneur 119

Entrepreneur Technical Review Statistics Startup 119

Startup Professionals Musings

JANUARY 24, 2021

For the elite startups and entrepreneurs who manage to attract the investor they dream of, and survive the term sheet negotiation, there is still one more hurdle before the money is in the bank. Due diligence always involves on-site visits, informal discussions with any or all members of the team, vendors, and good customers as well as bad.

Technical Review 151

Technical Review Startup Satisfaction Invest 151

InfoChachkie

JUNE 3, 2013

Upon graduation from Wharton, John and Kyle launched a startup based upon a simple, pedestrian product: a computer mouse shaped like the head of a golf driver. Putting their expensive educations to good use, they aptly named their novelty product a "MouseDriver". It was really no longer than a page um. Do you care to hear more?

Newsletter 233

Newsletter Startup Entrepreneur Writing 233

Startup Professionals Musings

MARCH 21, 2020

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Investors are buying part of the business, not the product or service. Both of these approaches are a waste of your time and theirs.

Technical Review 124

Technical Review Statistics Startup Social Media 124

InfoChachkie

MARCH 3, 2011

In the spirit of the “land grab” mentality of the day, we emphasized usage of our screen sharing technology with no thought applied to how we would convert such users into paying customers. We then sorted these email addresses by company and initiated targeted sales campaigns wherever we identified a critical mass of users.

Custom 162

Custom Customer Technical Support Startup 162

Startup Professionals Musings

SEPTEMBER 30, 2018

Entrepreneurs have always believed that their product or service must show real value to customers, but today the smart ones are even able to make their marketing valuable. The days are gone when marketing was all “pushing product.” Customers don’t even see this as advertising. The key is consistency.

Content 92

Content Marketing Advertising Custom 92

Both Sides of the Table

APRIL 25, 2011

There’s a line of thinking in Silicon Valley that you should build product businesses rather than services businesses. They have created two internal technology “products&# and wanted to figure out how they could turn their services business into a product business that could be financed. This team is talented.

Services 332

Services Venture Capital IP Startup 332

Eric Greenspan

APRIL 11, 2013

If you knew what your customers were thinking (and saying) about your product, service, or staff, imagine what you could do with this data. Companies have taken advantage of this and have built strong followings on Facebook pages and Twitter streams. Build this into your customer service focus, right now. Get on this.

Custom 117

Custom Customer Class Services 117

InfoChachkie

JUNE 3, 2013

Upon graduation from Wharton, John and Kyle launched a startup based upon a simple, pedestrian product: a computer mouse shaped like the head of a golf driver. Putting their expensive educations to good use, they aptly named their novelty product a "MouseDriver". It was really no longer than a page um. Do you care to hear more?

Newsletter 133

Newsletter Startup Entrepreneur Writing 133

Startup Professionals Musings

SEPTEMBER 17, 2016

Entrepreneurs have always believed that their product or service must show real value to customers, but today the smart ones are even able to make their marketing valuable. The days are gone when marketing was all “pushing product.” Customers don’t even see this as advertising. The key is consistency.

Marketing 100

Marketing Content Advertising Custom 100

Startup Professionals Musings

SEPTEMBER 16, 2015

Entrepreneurs have always believed that their product or service must show real value to customers, but today the smart ones are even able to make their marketing valuable. The days are gone when marketing was all “pushing product.” Customers don’t even see this as advertising. The key is consistency.

Marketing 106

Marketing Startup Content Advertising 106

Both Sides of the Table

APRIL 4, 2011

I was recently talking with a startup company who wanted me to try their product. I’m a big believer in product stability & performance before adding too many features. I’m a big believer in product stability & performance before adding too many features. Customer Acquisition. That’s not acceptable.

Metrics 346

Metrics Startup SEO Custom 346

InfoChachkie

SEPTEMBER 4, 2012

Most sophisticated investors ignore them, focusing their attention on an entrepreneur's pitch and presentation materials, financial forecast and executive summary. As noted in Entrepreneurs Shouldn't Pitch Their Ideas To Venture Capitalists , most sophisticated investors place their bets on people rather than opportunities.

Venture Capital 211

Venture Capital Summary Technical Review Template 211

Startup Professionals Musings

APRIL 14, 2014

Sponsored by VISA Business If you have a unique product or service, and you are not selling it around the world on the Internet, now is the time to start. Anyone can be an entrepreneur today, without a huge investment, bank loans, lawyers, venture capitalists, or Angels. The cost of entry has never been lower.

Startup 100

Startup Commerce Sites Blogging 100

socalTECH

SEPTEMBER 19, 2014

I was running the largest deals in the media and entertainment video area across many different Google products. I worked with the head of each product area, such as YouTube, on how to drive more value for our large partners. We have our product in the market, and launched our beta in January. One of our customers is Inc.

Google 233

Google Content Startup Venice 233

Startup Professionals Musings

DECEMBER 17, 2013

Entrepreneurs have no trouble focusing on how to build a product, and the good ones know how to find and nurture those first critical customers. Sales is simply defined as income from customer purchases of goods and services, minus the cost associated with things like returned or undeliverable merchandise.

Metrics 100

Metrics Technical Review Sales Custom 100

Startup Professionals Musings

FEBRUARY 26, 2013

Traction is evidence that your product or service has started that “hockey- stick” adoption rate which implies a large market, a valid business model, and sustainable growth. As an investor, I would like to see one month of sales, and see how that compares to your projections. Free and freemium products need a solid base.

Startup 106

Startup Metrics Custom Customer 106

Startup Professionals Musings

NOVEMBER 4, 2019

Thus, I’m more impressed with entrepreneurs who ask me to review their implementation plan, rather than listen again to their idea. In my experience, the key steps I look for always include the following: Testing the idea against customers who have money to spend. Prepare your marketing story for customers and investors.

Ideas 94

Ideas Slides Technical Review Patents 94

Both Sides of the Table

NOVEMBER 3, 2009

There were tons of young entrepreneurs showing their latest Web 2.0 People mistook extra doses of Ajax for a successful product. The last couple of years has also seen the huge initial success of Ycombinator, the Lean Startup and many other product driven approaches to going to market. Short answer: absofuckinglutely.

Web 2.0 334

Web 2.0 Venture Capital Web Technical Review 334

socalTECH

FEBRUARY 10, 2017

It's was really about herding cats and getting everyone on the same page, and making sure you could get the financials out on time. In our first year of selling, we brought on over 50 clients, and last year we had 170 customers, and we now have about 40 employees. What's the biggest lesson you've learned so far as an entrepreneur?

Startup 124

Startup Cornerstone OnDemand Software Review Woodland Hills 124

InfoChachkie

DECEMBER 10, 2012

The lessons learned by Divshot confirm that obtaining, and more importantly maintaining, visibility on the front page of a major social news site results from the congruence of three factors: audience, timing and engagement. We’re a tool for hackers, designers, and entrepreneurs - effectively everyone who reads Hacker News. Engagement.

News 198

News Sites Startup RSS 198

Startup Professionals Musings

MARCH 7, 2011

Based on my own experience and feedback from friends, every investor is approached by at least ten entrepreneurs with a “hot idea” for a new business, for every one who has a real “plan” for a new business. In fact, you can find websites full of ideas, like these “ Free Innovative Ideas ,” by serial entrepreneur Kim E.

Ideas 104

Ideas Entrepreneur Summary Startup 104

Startup Professionals Musings

NOVEMBER 8, 2015

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Investors are buying part of the business, not the product or service. Both of these approaches are a waste of your time and theirs.

Technical Review 109

Technical Review Entrepreneur Startup Statistics 109

InfoChachkie

JULY 21, 2011

Play it in the background while you otherwise remain productive (or listen to it while you update your FB page, your call). 5) When I interviewed people at my past startups, I rejected them if they asked me about our dental plan, as true entrepreneurs don’t care about such pedestrian benefits.

Summary 246

Summary Tips Sales Entrepreneur 246

Startup Professionals Musings

FEBRUARY 13, 2016

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. Investors want to hear about customers with money who have a painful problem that you can solve now.

Invest 108

Invest Startup Slides Equity 108

Tech.Co

AUGUST 16, 2017

Finding potential customers continues to be a huge challenge not only for established marketing and sales teams but also for startup executives and solo entrepreneurs. You need to find lead gen tools that will convert leads, fill your sales funnel, and increase your revenue effectively. You need to have a strategy.

Tool 79

Tool Startup Help Template 79

Eric Greenspan

NOVEMBER 6, 2013

This company I started with my own money and in my third bedroom, had grown and served its customers and employees well for over 11 years. I love coffee, food, farming, sales, marketing and running a startup with great potential. Today, as I write this, I’m working on several deals in the world of coffee and other food products.

Startup 167

Startup Entrepreneur Writing Custom 167

Startup Professionals Musings

MARCH 5, 2018

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Investors are buying part of the business, not the product or service. Both of these approaches are a waste of your time and theirs.

Funding 62

Funding Technical Review Entrepreneur Startup 62

Startup Professionals Musings

APRIL 4, 2015

Social media is so pervasive in today’s world that every entrepreneur believes instinctively that they know how to use it for their startup. Startups should begin by selecting just a few of the vast array of social media offerings out there, and customize based on results. Assess your target customer demographics.

Social Media 108

Social Media Media Startup Tips 108

Startup Professionals Musings

NOVEMBER 18, 2011

Anyone can be an entrepreneur today, without a huge investment, bank loans, venture capitalists, or Angels. Here are the key steps for a personal home-based business website selling a few products (as an alternative to Ebay): Go online to reserve a website domain name. The cost of entry has never been lower.

Commerce 99

Commerce Startup Sites Tool 99

Startup Professionals Musings

JANUARY 10, 2013

Anyone can be an entrepreneur today, without a huge investment, bank loans, venture capitalists, or Angels. Here are the key steps for a personal home-based business website selling a few products (as an alternative to Ebay): Go online to reserve a website domain name. The cost of entry has never been lower.

Sites 78

Sites Commerce Startup Tool 78