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Ask yourself: if you started over today, would you build the same product? If not, consider significant changes to what you are building. The popular word for this today is “pivoting” and I think it is apropos. You aren’t throwing away what you’ve learned or the good things you’ve built. You are keeping your strong leg grounded and adjusting your weak leg to move in a new direction.
The investing socialsphere has been all a-Twitter ever since Paul Kedrosky predicted an upcoming super-seed crash. The result has been a series of opinion pieces, both for and against, that tackle various aspects of the issue — whether super angels are a fad, if there is a seed bubble (I’m on record as saying that there is), what this means for entrepreneurs …
When you’re starting a business, it’s really easy to forget how amazing what you’re doing really is. And understandably so. There’s a lot to consider when starting a business. Is there a market for the problem you’re trying to solve? Do you have the right business partners or founders?
It’s been about two months since I joined Mixpanel as employee #1, and I thought it would be helpful to use my experienced so far to develop a brief guideline for what should be thought about before joining a very early stage startup.
Networking has delivered more return on investment than any other tool in my business. Both financially and in non-monetary terms, my network has delivered so much value that I can not imagine what my situation would be like without it. If there is one thing that I could suggest that would be guaranteed to boost any business, networking would be it.
Finding your company’s voice in your marketing efforts and written content is a rich way to connect with your customers, engage potential customers, and develop a loyal audience base. Voice is one of the imponderable elements of good writing, and unlike punctuation and spelling it can not be taught with a swift rap from a strong wooden ruler.
Steve Blank defines premature execution as attempting to force a new business down a particular path before you have explored, learned and iterated on the product and business model to ensure that you have made something people want.As he points out in his approach to customer development, this can lead to dramatic failure.
We’ve been talking about the basic wonder of putting a price on your product for such a long time that it almost seems trite at this point. I certainly thought that point would have lost propulsion long ago, but I keep being surprised by the contrary. It seems that the web has been so thoroughly infected by the memes of “the future is free”, “we’ll all live from ads”, “VC money will get us there”
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