What's one way to maximize the potential success of your startup while minimizing risk? Make sure that your business and application are ready by testing on users before you make a big marketing push, says Eric Ries, author of The Lean Startup.
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Paul Hontz at the Startup Foundry wrote, “When a startup leaves out numbers I assume it’s because the numbers suck and you’re trying to sound bigger then what you really are. If you’ve just started out and the only people using it are your friends and family, tell us. There is no shame in that. People love rooting for the underdog.” I think that’s terrible advice.
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If you’re passionate about your new startup it most likely never feels like work, so why classify it as work? Of course it’s not a hobby. It’s a passion. Who else goes sleepless for days, gets madly obsessed when talking about their project, looses complete track of time while doing ‘their thing’. In fact, I don’t know a single founder who looks at their watch waiting for the end of the day.
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Y Combinator and TechStars are two of the first seed-stage venture funds, and they’ve each had some successful companies. But how can we analyze how they’re doing so far? One way is acquisitions, but there’s not always complete information about who sold or for how much (and anyway, most of them haven’t sold yet). Another metric would be valuations — are companies becoming more valuable over time
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“Today, we’re announcing $2 billion in public and private resources to help entrepreneurs start and grow their businesses. Now it’s time for Congress to do its part. It was encouraging to see members of both parties in the House come together to pass legislation that will help small businesses get ahead, and I’m calling on the Senate to do the same. But America’s small businesses can’t wait for...
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The startup world is littered with stories of bad behavior, arguments, bullying and trickery that few people would tolerate in normal life. But German researchers suggest this might not just be a coincidence -- and that perhaps it's crucial to a company's success. The startup economy is well-known for lauding the most successful young entrepreneurs, those twenty-somethings who are turned into mil
The iPod isn't the first MP3 player to have hit the market, but it's by far the most successful. Benj Edwards tells the story of how the iPod came to be.
No matter your position in startup world, I think appearing ignorant beats remaining ignorant, even for those who are supposed to “have all the answers.” And discounting a person’s ability to contribute because they can’t write code feels like a fad. Facebook’s doing it; Google sort of did it; the tech press and VCs are obsessed with it, so it must be right. I’m not convinced.
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The venture capital industry remains dominated by white men, according to a new demographics survey released today by the National Venture Capital Association and Dow Jones. Only 21% of the 590 survey respondents were woman, and just 11% identified themselves as "investors." This is down from 14% from a similar survey in 2008. The rest were administrators, including chief financial officers (wher
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All that can be emotionally draining. And you often need support to get through. Here is what I do – I keep my “thank you” notes close at hand. Whenever I feel like giving up on a boring task or procrastinating on a huge chunk of work I pull out a “thank you” note and read it. That always points me in the right direction and gets me started with my work. I even like to have my notes printed,...
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