article thumbnail

7 Ways To Preclude The Most Common Investor Rejection

Startup Professionals Musings

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. Signed contracts with big name customers, like IBM, AT&T, or Wal-Mart, is a strong indication of traction. First of all, a definition.

Startup 121
article thumbnail

Startup CTO Speaking

SoCal CTO

He's also led significant technology projects for a very impressive list of companies including Citibank, Lexus, Microsoft, Nissan, Universal, IBM, HP, Sun, and the list goes on. Its common for startups to think about services like hosting/computing, storage, analytics, maps, email delivery and tracking, and eCommerce. Tony has a Ph.D.

CTO Hire 175
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Ways To Improve Your Odds Of New Business Success

Startup Professionals Musings

No matter how passionately you believe that everyone needs one, and positive feedback from friends and early adopters (false positives), before you invest in scaling the business, make sure you set and meet good metrics in cost of customer acquisition, recurring sales, and margin. You need predictable miracles and moonshots for success.

article thumbnail

How Much Traction is Enough for Investors?

Startup Professionals Musings

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. Signed contracts with big name customers, like IBM, AT&T, or Wal-Mart, is a strong indication of traction. First of all, a definition.

Startup 106
article thumbnail

8 Keys To Migration From A Consultant To A Freelancer

Startup Professionals Musings

I learned this the hard way, when I left IBM a few years ago to share what I had learned with the exciting world of startups in Silicon Valley. Adopt a project-based revenue model with metrics. It also highlights all aspects of required customer service, satisfaction, testimonials, and referrals to friends in the business.

article thumbnail

Freshplum Harnesses Data Science to Grow Online Businesses

Tech Zulu Event

Freshplum , founded by Sam Odio, Michael Yuan and Nick Alexander, uses data science to help businesses that sell goods and services electronically increase their overall revenue while reducing their online promotion spend. Finally, for electronics, the average order value and revenue per visitor is high on Christmas eve.

Sales 77
article thumbnail

Realistic Entrprenuers Guide to Venture Capital

SoCal CTO

His work in social media, e-Learning and Performance Support has won awards and has led him into engagements at many Fortune 500 companies including Credit Suisse, Royal Bank of Canada, Citibank, Lexus, Microsoft, Nissan, Universal, IBM, Hewlett-Packard, Sun Microsystems, Fidelity Investments, Symbol Technologies and SHL Systemhouse.