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Technical Advisors: Every Startup Needs One

TechEmpower

Startup founders make decisions on a daily basis – significant decisions that will have lasting impact on their business. Why do this without the right technical advisor? Just like attorneys, technical advisors can help navigate waters that many find murky. Actually, many startups need two kinds of technical advisors.

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10 Tips On Due Diligence On Any Startup Funding Offer

Startup Professionals Musings

But people are still begging for more technology or laws, often to protect them from themselves. Most of these are easy to avoid if you do your homework up front, but can cost you dearly if you get sucked in. If you feel confused by conflicting time zones, differing currencies, and up-front costs, it’s time to run the other way.

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6 Due Diligence Concerns Before Outside Contracting

Startup Professionals Musings

Recently, I’ve seen a lot of discussion about bringing the work back home, since costs have gone up in less-developed countries, there are issues with intellectual property, and time zone and language differences make management difficult. It’s easy to find companies in certain countries that will quote cost reductions up to 75 percent.

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7 Due Diligence Checks On Your Idea To Save Some Pain

Startup Professionals Musings

In my experience, consummate entrepreneurs tend come up with more startup ideas than they can ever implement, and some of the ideas may not even make business sense. Passion, optimism, and determination are necessary but not sufficient to assure a successful startup. Choose projects with financial resources within your reach.

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Startup Metrics

TechEmpower

When talking to startup founders or other innovators, we always ask questions to better understand their business as a core. Proving your Business Model Works - Build, Define, and Review But how do you prove your numbers? Start by building just enough of your product to get early CAC and CLV signals (they won’t be perfect).

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6 Reasons Technical Expertise Does Not Make A Startup

Startup Professionals Musings

The E-Myth (“Entrepreneurial Myth”) is the mistaken belief that most businesses are started by people with tangible business skills, when in fact most are started by “technicians” who know nothing about running a business. Perhaps an innate business savvy is no longer a requirement for starting a successful business.

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Technical Advisors: Every Web/Mobile Startup Must Have One

SoCal CTO

It was like having a bunch of mini- Free Startup CTO Consulting Sessions all in one room. But what was interesting to me was that I found myself recommending that each of them should have a technical adviser. Review the code being built. Strategic Technical Advisor. I was very worried for several startup in the room.