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It’s very common for startup companies to have COO’s. But … Startups don’t need – shouldn’t have – COOs. I have this conversation with every startup that comes to see me and has a CEO & a COO. I think usually a COO title at a startup is an ego thing. CEO’s run things.
Anyone looking for signs that the economy is turning around, might want to look at what appears to be happening in Southern California's technology jobs market. Mangers said that it appears that for companies that have survived the storm of 2009 and the economy, things are looking up. Why the disconnect?
Of course you could start your own company. As I talked about in “ Is it Time to Learn or Time to Earn ” – overwhelmingly the best economics go to those that start successful companies. But not everybody has the right skills to build a highly successful and valuable startup from scratch.
The press around the raise & company was fantastic and the promise of their technology – wireless charging that works as easily as WiFi – would positively affect many of our lives. uBeam’s tech does work and I have safely seen it demo’d in the real life many times.
Even if you don’t have “direct&# sales I would tell you that “everything is a sale&# including fund raising, hiring, getting press and doing business development. Evangelical sales – Understanding startup sales people and process. This is probably because many founders are product or technology people.
Everyone seems to be in such a rush to get shacked up these days. You’ll be able to give them an update on key hires, pilot customers, key tech innovations – whatever. Swing by their offices to make it easy for them to say yes and promise not to take up more than 30 minutes for the update (and stick to it).
Andrew & Petri posed a question to me, “If Walt Disney were starting his company today, what kind of company would he build? They had all of their character development started (they showed up mock-ups) and the basic gameplay for Game 1 was through through (but not yet built). The results?
I’m a very big proponent of the “lean startup movement&# as espoused by Steve Blank & Eric Ries. In the late 90′s I saw a dangerous trend creeping into the startup world, which was that companies were suddenly raising huge amounts of money too early in their existence. This post originally appeared on TechCrunch.
If you’re funding the same stuff as everybody else and if you started your activities when the clues were obvious you’re much less likely to drive enormous returns. In other words, if it seems this obvious to us then it must be this obvious to many other investors and probably to many other teams gearing up to compete.
Even though the color of their money is always green, all startup investors are not the same. Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse duediligence on the investors. Personally visit another startup funded by this investor. It’s no fun for either side.
Chris Dixon is one of my favorite people in tech and writes one of the few blogs I read religiously. If you don’t read it and you care about tech & entrepreneurship, you should. If you like the quick summary notes, please check out Adam’s blog on tech, entrepreneurship & VC as a thank you.
Yesterday I wrote a post about “ the politics of startups ” in which I asserted that all companies have politics, which in its purest sense is just about understanding human psychology. I think as a tech industry we have bred a culture that places more emphasis on product excellence than managing human behavior.
I’m inspired by the enthusiasm of the young, emerging startup ecosystem that is here. Seattle should be the envy of any non Silicon Valley tech community in the country. As I gear up to give a keynote at the annual Seattle 2.0 As I gear up to give a keynote at the annual Seattle 2.0 I will start recruiting soon.
I’ve written a lot about recruiting and hiring at startups including my controversial post on whom not to hire and my rapid response to the flame war. We will have to build (or buy) technology in this area.” She might gladly tell you who gets decisions made, who is a pain in the arse, who is super technical, etc.
When the masses start all running one way without questioning “why?&# – and when it defies any logic I can figure out in my head – I call bullshit. They have marked-up paper gains propped up by an over excited venture capital market that has validated their investments. “ Question Authority.&#.
Nearly every successful techstartup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. Innovate In the early years of a startup there is a lot of kinetic energy of enthusiastic innovators looking to launch a product that changes how an industry works.
This is part of my ongoing posts on Startup Advice. The world has changed much since I started my first company in 1999. some came from our customer service, some were to improve performance / scalability from tech ops, some were bug fixes, etc.) Tim started to change our processes. Turn Your Organization Inside Out.
The final episode of Bravo’s Start-ups: Silicon Valley aired recently, wrapping up an 8-episode run of what could be considered the most bizarre depiction of entrepreneurs and start-ups to date. They sound serious about start-ups, however actions speak louder than words. What was that ?
I spend a lot of time with startups and thus hear many companies talk about their approach to sales and their interactions with customers. Starting with a positive. The press don’t get your financials. ” I can’t make this stuff up. You’d be very wrong.
Let’s start with the fund. If you’ve been following the press about VC funds you’ll know this is no small feat. Santa Monica is the place where the highest concentration of early-stage startups are created if you consider also the contiguous geography of Venice Beach. What’s up with that?
For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's high tech community. We asked the same four questions of a variety of top technology entrepreneurs, investors, and others, to hear what they're thinking about, and are sharing it here over the next week.
But then Marc Andreessen weighed in – as did I and several others – and the media picked up on his comments. David encourages entrepreneurs to stay away from the big tech firms (such as Google, Facebook, Microsoft, Apple) because they are hard to compete with. billion less than 5 years after it was created. Laughable now.
When you first start your company and raise initial venture capital your board probably consists of 1-3 founders and 1-2 VCs. Most experienced VCs won’t push you to give up founder control at this stage of the business nor should they. Reviewing financial & operational performance. As You Start to Mature.
Even though the color of their money is always green, all startup investors are not the same. Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse duediligence on the investors. Personally visit another startup funded by this investor. It’s no fun for either side.
I tapped my friends at big tech companies (Salesforce, Google, Oracle). I think my mentality to banker pitches was best summed up in this article about Y Combinator in which Paul Graham apparently made the following quotes. start-ups are overvalued. How good they were at follow up. I attended events. I hustled.
I always start my answer to this question with, “you’d have to be a pretty big baby to complain about being a VC.&# When I was running startups I felt like a horse with blinders on because I was super focused on the content management market and ignored many other markets. Then I spent many years as a startup CEO.
There is a telltale sign of an inexperienced startup entrepreneur. As a startup you shouldn’t focus on buying other companies until you’ve figured out your own business. As a startup you shouldn’t focus on buying other companies until you’ve figured out your own business. I understand this.
How do you apply technology to help improve that industry? We want to handle everything from helping them with duediligence, making offers and making counteroffers, reporting to sellers, checking out analytics, figuring out how well deals are tracking, and everything to manage properties, to best and finals with buyers.
I have been close to the tech & startup sectors for more than 20 years and I can’t think of a period in which I felt more optimistic about the innovation and value creation I see in front of us. The number of startups being created has increased by an order of magnitude. Thank you, Aaron Sorkin! Today’s Normalization.
I tapped my friends at big tech companies (Salesforce, Google, Oracle). Before I tell you the reasons I’m concerned about investment banking intros, I should start by saying I think bankers are enormously helpful for entrepreneurs in raising money. start-ups are overvalued. I spent time on college campuses.
If you’re a technologystartup you need to excel at product, of course. The starting point of product IS marketing, which is what a lot of young entrepreneurs that never studied business don’t realize. The start of marketing is figuring out a market need and a way to solve that need better than anybody else.
Full press release with more details is here. We will be selecting 10 startup companies to participate. Applications are due April 6th, 2010, the form is on the website and the Twitter address is @launchpadlad. John Morris from the Tech Coast Angels was encouraging me to do something similar. We connected.
The insurance industry today is one of the last industries to fully jump into adopting technology for offering up their products, says Wayne Slavin , CEO and founder of SURE (www.sureapp.com), and just needs some help in getting there. It's not a disruption being caused by startups, it's a change in the evolution of this market.
Prorata rights are one of the most important rights of a private market technology investors and yet are seldom fully understood. would you want to give up the right to invest in subsequent rounds? Do investors always take up their prorata rights in later rounds? ” Some do, some don’t.
Even though the color of their money is always green, all startup investors are not the same. Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse duediligence on the investors. Personally visit another startup funded by this investor. It’s no fun for either side.
It influenced a generation of tech marketers. The book popularized the technology adoption lifecycle curve that originally came out of Iowa State University shown below. So the early part of a technology company is about finding your hard core group of early adopters and making them passionate about your products.
I never implied that startups are all great and job hoppers are all at fault. Most of what I learned about operating startups I learned from the really tough years at my first company from 2001-2003. That is when no customers wanted to work with Internet startups because we as an industry had burned so many customers.
This applies equally to VCs, startups & big company executives. When I need to give a speech and I’m writing a slide for my deck, I think up the story in my mind that I’m going to tell for this slide. I want to know how many people, their level of tech sophistication, their age and their interests.
In fact, according to the latest Index of Startup Activity by the Kauffman Foundation and recent press reports , these Baby Boomers are actually driving a new entrepreneurship boom. With longer life expectancies and greater health in later life, older generations are moving to start new firms -- and mentor young entrepreneurs.
Some great content around the intersection of startups and being a Startup CTO in June this year. This continues my series of posts: Top 29 Startup Posts May 2010 Startup CTO Top 30 Posts for April 16 Great Startup Posts from March There was some really great content in June. It shows a lack of interest.
You can have the best technology, but if customers don’t know you exist, or they don’t know how your technology solves a real problem for them, your startup will fail. Yet I see many technology entrepreneurs that focus on the basics of marketing too little and too late. Start networking smarter and smaller.
I suppose I should have imagined that this line would get more press than all other comments combined. People get too worked up over the word. Responses ranged from, “hey, they’re in a HUGE market&# to “it is an amazing company and their technology rocks.&# I will write more about this in the next 2 weeks.
It’s always fun debating companies with Dana because she’s always so knowledgeable on deals – particularly those in the digital media, ad-tech and eCommerce spaces. Another topic we debated early in the program was “lean startup” vs. “ fat startup ” where we both took the obvious hedge and said “it depends.”
If there were such a thing as a "Dream Team" for mobile advertising, you would be hard pressed not to pick the founding team of Los Angeles-based Gradient X (www.gradientx.com), whose founders include Michael Lum (formerly of OpenX), Brian Baumgart (formerly at Adconion), and Julie Mattern (formerly of Rubicon Project). Why tackle mobile?
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