Conversations with prospects unfold in real time: you must listen for what’s said and not said, manage your emotions, and understand the implications.
Conversations With Prospects: Practice, Review, Share Notes, Ask for Feedback Read More »
Jim Manzi, founder of Lotus and Applied Predictive Technologies, advises entrepreneurs to “Focus on delivering value to customers at a foreseeable profit” in “How to Succeed in Business by Really, Really Trying.” How to Succeed in Business by Really, Really Trying. It’s a great article and also on the limits of advice to entrepreneurs, in particular autobiographies
Jim Manzi: Focus on Delivering Value to Customers at a Foreseeable Profit. Read More »
Sid Faulkner, CFO of Ciranova gave a talk today on “Navigating the Treacherous Path of Mergers and Acquisitions” at an event at Abbot Stringham and Lynch. Mr. Faulkner was Vice President and Chief Financial Officer of Oak Technology, Inc. where he led the 1995 initial and secondary public stock offerings, established an active program of
Three Tips from Sid Faulkner For Preparing To Sell Your Startup Read More »
A link to the Valve Employee Handbook made it to front page of Hacker News recently and I can see why, it makes for very interesting reading.
Four Excerpts from the Valve Employee Handbook That Belong In Yours Read More »
Focus on delighting early customers over accumulating followers. You need proof of deep value in a niche over small value dispersed over a large market.
Focus on Delighting Early Customers Over Accumulating Followers Read More »
The technology is nothing without the team. Teams listen to customers and translate technology into supported products.
The Technology is Nothing Without the Team Read More »
It’s very hard to forecast the rate of adoption of a genuinely new offering in an emerging market, one that is discontinuous with current practice. A focus on scaling is premature until you have proof of value and have found your niche.
Worry About Scaling After You Find Your Niche Read More »
“Beta customer” blurs beta tester, beta user, and early customer. If you sell to business, beta customers are early customers, not beta testers.
A Beta Customer Is Not A Tester Or A User But An Early Customer Read More »
Here is our Startup Stages Overview video, it explains our startup stages model and the risk reducing milestones that separate each stage.
Startup Stages Overview Video Read More »
Early focus on a niche market (a small market) enables a startup to achieve “small wins” faster (and experience “small losses” instead of large ones). Over time these accumulate into larger wins.
Small Wins Enable Larger Wins Read More »
Honor Customer Commitments To Avoid Poisoning the Well “In a small way, every talent acquisition poisons the well for future, bootstrapped startups. It erodes the confidence of users and potential customers. People put their company blog on Posterous, they add their business to GoWalla, they gave AdGrok a few hours of their time, etcetera, etcetera.
Honor Customer Commitments To Avoid Poisoning the Well Read More »
The first observation of a new insight is often published in a lab notebook or personal journal or as notes from a meeting that captured an anecdote. Self-publishing often marks the first generation of new knowledge because “new” is often hard to comprehend and not accepted by the status quo or established publication channels. If
Self-Publishing Often Marks The First Generation of New Knowledge Read More »
“Unhappy users in the EDA industry don’t continue to file bug reports; they start writing business plans.”Michael “Mac” MacNamara
Bug Reports vs. Business Plans Read More »
Last week was a thought provoking one for me with Big Data Camp on Mon February 27, a “Great Demo” workshop on February 29, and a tour of the Strata 2012 exhibit hall on March 1. I encountered either examples or stories of visualizations that required hundreds to thousands of CPU hours to create at
A Picture Is Worth a Thousand CPU Hours Read More »
Alberto Savoia defines pretotyping as determining that you are “building the right product before you invest in building your product right.” His book “Pretotype It” (Second Edition available as a Free PDF or on Kindle for $2.99) lists a set of seven techniques for pretotyping on pages 39-40. This post analyzes and elaborates on the techniques
Pretotyping – Techniques for Building the Right Product Read More »
Some comments on Rich Skrenta’s observation: “I think it’s still a long time before we’ll have building codes for software.”
Building Codes For Software Read More »
Startups originate in the mind of an entrepreneur, often as the result of observing something that seems odd, or is the result of juxtaposing two or three seeming unrelated or even incongruous ideas. The first challenge the entrepreneur faces turn his insight into something others can critique and improve upon: to show them sketches of
Sketching The Likeness Of An Imaginary Business Read More »
Here are three common questions technical entrepreneurs have for potential co-founders.
3 Questions Technical Entrepreneurs Have For Potential Co-Founders Read More »
On Wed-Feb-22 at Noon PST the Book Club For Business Impact covered lessons learned applying a number of techniques for associating from chapter 2 of the “Innovator’s DNA” by Jeff Dyer, Hal Gregersen, and Clayton Christensen.
Associating, Pattern Matching, and Sensemaking Read More »
The primary challenge when you are first targeting a set of prospects for your product is to resist the urge of seeing the product as broadly applicable, instead focus narrowly where you bring strong benefit to get traction.
Defining Your Benefit and Targeting a Set of Prospects Read More »
