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Technical Review: A Trusted Look Under the Hood

TechEmpower

Most innovators don’t have a technical background, so it’s hard to evaluate the truth of the situation. And unless they have a tech background, they can’t look under the hood themselves. The answer is to engage a trusted outside source for a Technical Review – a deep-dive assessment that provides a C-suite perspective.

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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. No good innovator turns down advice!

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6 Due Diligence Goals When Vetting Business Partners

Startup Professionals Musings

Business partners can be co-founders in a startup, multiple owners of an existing business, or a joint venture. You need to do the due diligence to make that decision before you sign away your equity. I was pleased to see this approach highlighted as well in a new book for startups, “ Zero to IPO ,” by Frederick Kerrest.

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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. Saving cost won’t help you if you can’t make the daily innovations required to stay competitive.

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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. Find a recognized billion dollar and growing market.

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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. These two questions/answers can help define the early proof points for your company. Proving your Business Model Works - Build, Define, and Review But how do you prove your numbers?

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