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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. You need both to survive.
Both Sides of the Table
MARCH 11, 2011
The idea actually came to him from the Yellow Pages business. He was a life-long entrepreneur and the first business he created out of college (actually, he founded it while he was at Caltech) was a company that manufactured high quality audio speakers. So the Yellow Page business was always “pay for placement.&#.
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Startup Professionals Musings
AUGUST 11, 2013
The founder explains that the product is so “buzz-worthy” that usage will spread rapidly through word-of-mouth only, meaning people loving it and recommending it to their friends. It usually implies an opportunity to win big, like a lottery, or experience something sensational, like an incredible video or free product.
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. I suggest you use social media, blogging, crowdfunding, or documented research to quantify a real demand from people who can afford it, and don’t have a better alternative already out there.
Both Sides of the Table
SEPTEMBER 15, 2014
Many questioned whether it could survive under the fail whale, inevitable competition from Facebook, founder fighting, fights with 3rd-party developers let alone become a revolutionary business that could make money. Or take a look at their team page to get a sense of why we were so inspired by their vision for the future. Far from it.
Both Sides of the Table
JUNE 18, 2010
industry investors rather than VCs) a good idea for entrepreneurs. His view: sometimes entrepreneurs expect too much value from the partner. An investment doesn’t guarantee your product will suddenly be on the investor’s price sheet. Are “strategic investors&# (e.g. This is astounding and myopic in my view.
InfoChachkie
JULY 14, 2011
This is especially true for companies with expensive and complex products or services that are more consultative in nature, like insurance, financial services, home services, education and travel, etc. Do you have any words of caution or advice for entrepreneurs who attempt to “Get Their Band Back Together”? “In Be prepared to iterate.
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