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Keep A Real Job Until Your New Venture Shows Traction

Startup Professionals Musings

Historical and current statistics still show the chances of failure on any given idea are better than even. It pays to be able to fall back into a familiar mental role to recover, when the pressures of fund raising, new product development, and satisfying initial customers wears you down.

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8 Smart Tips To Soliciting Friends And Family Funding

Startup Professionals Musings

In fact, according to a classic article on Fundable , and other statistics, friends and family are still the major funding source for new ventures, investing over $60 billion annually, more than all professional sources combined. Friends and family are quick to differentiate between a passionate hobby and a sincere effort to change the world.

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73.6% of all Statistics are Made Up

Both Sides of the Table

Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. 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. People throw them around at cocktail parties.

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With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

ServiceTitan now boasts more than 7,500 customers that employ more than 100,000 technicians and conduct nearly $20 billion worth of transactions providing services ranging from plumbing, air conditioning, electrical work, chimney, pest services and lawn care.

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CallFire Claims Record Growth

socalTECH

Among other statistics, CallFire said it billed its customers for more than 185 million minutes in 2012; the firm offers up those minutes starting at 3.5 Callfire was a provider of calling and telephony services to many political campaigns during the election cycle, and is also used by companies for emergency communications.

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Can you create a great customer case study?

Berkonomics

Given the statistics quoted above, you must find ways to have your consumers endorse your product publicly, and in a form that is divorced from looking like an advertisement. But it must be told about and by the customer, with your product as the tool of solution, not the focus of the story. Using new tools in a social age.

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Esri Wins UAE

socalTECH

Redland-based geographical information systems (GIS) software maker Esri announced this morning that it has entered into a memorandum of understanding (MOU), with the national statistics agency for the United Arab Emirates. According to Esri, the MOU came with the UAE's Federal Competitiveness and Statistics Authority (FCSA).