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Real Startups Never, Ever Discount Their Prices

InfoChachkie

A version of this article previously appeared in the Wall Street Journal. Avoid a simple pricing mistake which could sink your startup. Because I am cheap and I know that car dealers are incentivized by the manufacturer to hit quarterly and annual sales goals. The ā€œDā€ word - Discounts. I buy my cars in December.

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Tech and Entertainment Have a Home in Silicon Beach

Tech Zulu Event

The Los Angeles Business Journal recently reported data compiled by SoCalTech.com showing that ā€œL.A. According to the Wall Street Journal , these included Ooma founder Andrew Frame purchasing in Bel Air, and Facebook head of market development Matt Jacobson buying in Manhattan Beach. Here, prices can climb higher.

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Entrepreneurs Who Relish Being Wrong Usually Win

InfoChachkie

A version of this article previously appeared in the Wall Street Journal. For instance, if the team assumes that a higher price will result in a lower number of customers, it will have a tendency to recall those instances when a customer cancels due to price. Despite the 50% price increase, our sales exploded.

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With New Data, Amgen Promises Refund If Cholesterol Drug Doesnā€™t Work

Xconomy

Stung by slow sales of its next-generation anti-cholesterol drug, Amgen hopes new clinical data, released this morning, will spur doctors to boost prescriptions and—perhaps more important—drive insurers to loosen their restrictions. political issue, and pricey new cholesterol drugs have been a key battleground.

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Why are Good Business Plans So Rare These Days?

Startup Professionals Musings

This is sad, since ā€œhow to write a business planā€ is a frequent topic found in every business journal, and a common title in the business section of every book store. A few thousand dollars is a small price to pay for a successful business, or for that $1M investment you expect the plan to entice. No problem.

Sample 92
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A Business Plan is for You First, Then for Investors

Startup Professionals Musings

This is sad, since ā€œhow to write a business planā€ is a frequent topic found in every business journal, and a common title in the business section of every book store. A few thousand dollars is a small price to pay for a successful business, or for that $1M investment you expect the plan to entice. No problem.

Sample 96
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Bio Roundup: Mylanā€™s Shock, Hillaryā€™s 3%, Duchenne Lessons & More

Xconomy

Mylan bumped up the price of the EpiPen 400 percent, presidential nominee Hillary Clinton responded with a tirade against drug price hikes, and—much like when Clinton railed against drug pricing last year—biotech indexes promptly plummeted more than 3 percent. It was the tweet heard around the biotech world, again.

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