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Entrepreneurs Need Focus on Their Business Model

Startup Professionals Musings

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. Sample trade show or user group. Limited rollout.

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This Woman’s Company Should Have Been Named After Her, Not Her Husband

InfoChachkie

On her lunch break, at the age of 20, Ruth entered a local furniture store with samples of her husband’s plastic chairs. Sensing a more inclusive, gentler approach to parenting following World War II, Ruth marketed Mattel’s revolutionary commercials directly to children. She walked out of the store with a $500 purchase order.

Company 100
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13 Ecosystem Builders That Are Boosting Startup Growth

Tech.Co

If you’re an early-stage entrepreneur, technology has served you well. With a focus on impact investing, their efforts to drive social change are based on three key pillars: revolutionizing philanthropy, unleashing entrepreneurs and igniting civic engagement. Watch our video series at SXSW 2018 with The Case Foundation.

Startup 141
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Crowd-Funding Success Usually Brings New Challenges

Startup Professionals Musings

Many entrepreneurs seems to be convinced that the “crowd” of regular people using the Internet will somehow solve their startup funding needs, when they sense a lack of interest from accredited investors. When pitching to consumers, online or offline, the feedback will likely be on features and design. Marty Zwilling.

Funding 101
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This Week in VC with Farb Nivi, Founder of Grockit

Both Sides of the Table

This was really a fun week at TWiVC because we decided to have an entrepreneur come and talk about raising capital rather than having a VC come on. It’s always such a pleasure for me to spend time with Farb because he has all of the enthusiasm and energy you love to see in entrepreneurs. He’s also candid, humble and helpful.

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73.6% of all Statistics are Made Up

Both Sides of the Table

Fortunately I was mostly a technology consultant, which meant that I coded computers, designed databases and planned system integration projects. 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.

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Technical Product Elegance is Not a Business Model

Startup Professionals Musings

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. Sample trade show or user group. Limited rollout.

Product 94