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Some analysis and duediligence along the following lines should be performed on every idea, as a reality check, before committing your efforts and other people’s money to building a business: Look for places where competitors are few. Of course, existing patents don’t stop you from innovating, but charging ahead into a wall is no fun.
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. Of course the naysayers are out again.
In my post, Technology Roles in Startups , I described some of the different ways I engage with startup companies such as CTO Founder , CTO , Part-Time CTO , Acting CTO , Consultant, Advisor and Advisory Board Member. Now, most often technical advisors are part of a broader advisory board. In Why assemble an advisory board?
Leading edge technology software and manufacturing require constant course corrections and iterative restarts. In any case, before you select a specific outsourcing or contract alternative, there is no substitute for doing thorough duediligence. Don’t count on contracts and non-disclosure agreements to save you.
The market was down considerably with public valuations down 53–79% across the four sectors we were reviewing (it is since down even further). ==> Aside, we also have a NEW LA-based partner I’m thrilled to announce: Nick Kim. First in late-stage tech companies and then it will filter back to Growth and then A and ultimately Seed Rounds.
We will have to build (or buy) technology in this area.” The thing is … what I see many sales execs do is burn up countless hours on mid-level campaigns that get torpedoed when the go up the organization due to lack of budget, a desire to own that core IP or other more pressing organization priorities.
I could have listened to her for hours as many of her lessons were ones I hadn’t heard before such as how she used online gaming when she was younger as a way of both teaching herself tech as well as learning to lead remote teams. Nanea Reeves has a storied career in senior leadership roles at technology companies.
I’ve been having discussions with several people recently about the role of the CTO (Chief Technology Officer) in very early stage companies. Of course, I have an advantage because I organize the LA CTO Forum. Of course, since you know those questions, you can just collect up the answers and provide them to your developers.
Periodically we do portfolio reviews to evaluate whether we have enough diversified risk across the fund. We look at stage, geography and of course sector. One such theme was “water conservation” and we morphed it into a broader theme of agriculture technology or “ag tech” for short. 6SensorLabs.
Many times they also pick up product and tech, too. Often times you find the CEO who really just likes to do product or tech. Similarly I talk to CEOs who can’t do a sales pipeline review with me. I once did duediligence on a potential investment where the CEO was projecting $9 million in sales for his next 12 months.
We thought today for our interview, that we'd get an update on the angel investment environment here in Southern California from Scott Sangster , the incoming President of the Los Angeles Chapter of the Tech Coast Angels , the biggest angel investment group in Southern California. Of course not.
Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse duediligence on the investors. Investor duediligence on a startup is not a mysterious black art, but is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan.
Industry reviews. So the “VC associate” is largely a launching pad job for exceedingly bright and hard-working young tech professionals. a really wide angle view of the tech industry since you see so many concepts / so many pitches and REAL data points on how startups perform financially. Deal screening.
And of course you could add up impressions by counting your the followers of everybody who had retweeted plus your own. Of course it’s valuable to know how many clicks you drive. So now even if you’re not technical you can get a little awe.sm , a solution targeted at businesses. Or Likes – LIKES! Today awe.sm
Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse duediligence on the investors. Investor duediligence on a startup is not a mysterious black art, but is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan.
San Diego-based Qualcomm says that its board of directors has decided to stay the course, and will make no change to the company's corporate and financial structure, after a strategic review by a special committee of its board.
Tech entrepreneurs' consternation with MBAs does not rise to the level of loathing. Rather, entrepreneurs' frustrations are often due to an incongruence between an MBA's expectations versus the value they can deliver to a startup. As I stated in my Quora answer, "hate" is the wrong word. Startups Need Execution, Not Administration.
David encourages entrepreneurs to stay away from the big tech firms (such as Google, Facebook, Microsoft, Apple) because they are hard to compete with. I believe entrepreneurs should, in David’s words, “build big businesses on the outskirts” but I don’t believe that Silicon Valley tech giants will outmaneuver startups.
Some pundits argue that the E-Myth principle is now outdated, due to the instant access to information via the Internet, pervasive networking via social media, and courses on entrepreneurship at all levels of education. Hence most fail. Perhaps an innate business savvy is no longer a requirement for starting a successful business.
Many of the founders of these companies are surprised to learn that I'm willing to review what they are doing (maybe an hour) and get on the phone for an hour with them and provide free advice. Of course, I provide part-time CTO services. What's you believe is your biggest technology risk, if any? What Is This? Send brief bios.
It is often the fortuitous mixture of new technologies, customer awareness and then acceptance of the technology and then the slow adoption into our daily lives that leads to markets exploding. We technology leaders also make this mistake. He was tech. In the end, of course, our productivity actually suffered.
Many of the founders of these companies are surprised to learn that I'm willing to review what they are doing (maybe an hour) and get on the phone for an hour with them and provide free advice. Of course, I provide part-time CTO services. What's you believe is your biggest technology risk, if any? What Is This? Send brief bios.
And do I fit as a Part-Time CTO , Technology Advisor , CTO Founder , Acting CTO ? Consider what Ryan Waggoner tells us How to Find a Technical Cofounder : When I was doing freelance development, I had about one pitch per week for an equity-only opportunity. Go to tech (or other relevant industry) events. Go to user groups.
If you’re a technology startup you need to excel at product, of course. While many tech startups do this intuitively (say, SnapChat thinking it would be much better if our photos out partying disappeared) it still happens. Of course reciprocity matters so they would all leap into action. But it wasn’t to be.
I think as a tech industry we have bred a culture that places more emphasis on product excellence than managing human behavior. Of course it makes no sense to have great people management and a crappy product. When they started their company of course they had to pick one to be CEO and the other to have a different title.
Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse duediligence on the investors. Investor duediligence on a startup is not a mysterious black art, but is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan.
The “span of control” for a growing tech startup is probably 6-9 people. You help them prioritize their objectives and review the results. You course correct. Marketing of course often feels the opposite. They review competitors offerings and analyst reports. You set direction. You hire great people.
They can read reviews, see pictures and even talk to the family before confirming. I then clicked on reviews, looked at pictures and read the owners descriptions of what they were looking for. I told her the story of Aaron, the company, the reviews, etc. Tech Market Analysis' I registered. and upload that. She told me.
His ideas to date hadn’t totally resonated and of course ideas matter, too. His message was that he realized he needed to move his girlfriend’s stuff into a storage facility due to apartment flooding. The first one out even won a major tech conference award. Of course there is competition! So I was doing my job.
According to a recent Forbes article , UC Santa Barbara''s Technology Management Program offers students a superior startup education over the University of Pennsylvania (home of Wharton), as well Harvard, Northwestern and even its acclaimed southern neighbor, the University of Southern California. Want to be an entrepreneur? Techpreneurs.
Good entrepreneurs can admit when their course of action was wrong and learn from it. The technology team disagrees on direction and wants resolutions. There’s a guy in Los Angeles that I met at several tech networking events. They move the ball forward every day. They are quick to spot their mistakes and correct.
Of course, Jeff Bezos no longer needs investors, but he worked hard in his early days courting potential investors, building relationships and credibility that allowed him to get the money he needed to scale his company quickly. Quality of your technical and business teams. Proprietary technology with a high barrier to entry.
AngelList 101 : As you know, AngelList is a platform where angels can invest in semi-screened tech deals. Therefore of course they need to be more selection when writing checks and can’t spread their bets across 75 deals. Of course the same goes with traditional VCs. Of course the same goes with traditional VCs.
The frantic pace of technology cycles, the amount of tech news, the blogs, the conferences, the demo days, the announcements, the fundings, the IPOs. Anybody who has worked in venture can tell you that if you took every intro that came your way you’d simply spend all of your time in meetings reviewing new deals sent to you.
Some analysis and duediligence along the following lines should be performed on every idea, as a reality check, before committing your efforts and other people’s money to building a business: Look for places where competitors are few. Of course, existing patents don’t stop you from innovating, but charging ahead into a wall is no fun.
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.
The main thrust of the post is that with YouTube taking a 45% of revenue and talent taking 70% of the remaining revenue, YouTube Networks didn’t have sustainable businesses unless they invested heavily in technology as a tool to increase margin and provide defensibility. That is the definition of Disruptive Technology.
These can be positive attributes in an entrepreneur, but in a more rational world, technology investors wouldn’t overvalue them. In the real world, of course, proof is hard to come by. Risk capital would be allocated based mostly on evidence, data, progress towards milestones—in short, on proof.
And it’s the latest in a series of investments we’ve made in building out our practice as the LA technology market continues to grow robustly and attract entrepreneurs and investors. Of course – some people can be remote. He of coursed required me to lobby on his behalf as well. Help us review a few deals.
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. And of course the funding problem coincided with the stock market correction that took away most exit options for years to come.
And of course the most successful technology companies: Google, Facebook, Salesforce.com [duh], Oracle, Microsoft all have loads of sales people. As in, “Well, as a tech firm we put tons of effort into APIs so that you can do your own integrations. But they’re technology people not sales people!
Nearly 17 percent of tech workers admit to being under the influence of marijuana while at work at some point in their careers, according to a new study. The stats come from CBD publication Remedy Review , which surveyed 1,000 workers across the nation to learn more about how the modern employee incorporates marijuana into their working life.
Of course you could start your own company. Of course I’m not suggesting people shouldn’t start a company. For some aspiring to be tech entrepreneurs, I often suggest a two-step process, as I argued in this post that “ The First Startup Founder You Need to Invest in Is You.” ” (Warren Buffett).
Of course I have. Seattle should be the envy of any non Silicon Valley tech community in the country. It really wouldn’t take much to turn a great technology ecosystem into a truly electric one. You need to have passionate tech entrepreneurs who want to build businesses locally. I’m in Seattle this week.
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