Berkonomics

JANUARY 16, 2014

All parties need to perform due diligence to ensure that the assumptions are correct, that neither partner has financial issues which could affect the partnership, and that the opposite partner has the skills to contribute to the partnership. Addition of new services or product lines. Access to new technologies.

Technical Review 204

Technical Review Startup Examples Metrics 204

TechEmpower

JULY 24, 2023

At TechEmpower, we frequently talk to startup founders, CEOs, product leaders, and other innovators about their next big tech initiative. After all, that’s what tech innovation is all about. Background Questions Let’s start with some background questions about the business and product. Who are the customers?

Develop 520

Develop Development Technical Review SEO 520

Both Sides of the Table

JULY 16, 2013

It is what is commonly referred to as “vanity metrics” as in, “Look at how many more followers I got us! But until recently we had not made these tools available to non-technical people – namely marketers who want to control their campaigns without necessarily wanting to call in the IT team to implement tools.

Marketing 307

Marketing Technical Review Startup Tool 307

Both Sides of the Table

JUNE 4, 2013

You need to first create a compelling product. Compelling in the sense that you solve a real problem a target group of potential customers has with a product that is significantly better than the alternatives on that market. You need product / market fit. Product / market fit is everything. ” True.

Startup 401

Startup Customer Custom Technical Review 401

Startup Professionals Musings

MARCH 6, 2021

A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. A required metric is average days to payment compared to expectations. If you fail to pay a cash obligation when it is due, the business is technically insolvent. This difference will kill your profit margin.

Technical Review 151

Technical Review Startup Summary Pricing 151

Both Sides of the Table

DECEMBER 27, 2011

Exec Summary: Most companies (98+%) in the world (even tech startups) should be very profit focused. They have have raised $2-3 million, built a product that has some amount of market traction and got to annualized revenues of around $1 million. Is it one product line or multiple? If you don’t, somebody else WILL!”

Startup 418

Startup Venture Capital Sales Technical Review 418

socalTECH

NOVEMBER 12, 2013

In a move to convert that huge pile of data into something much more meaningful, Los Angeles-based Ninja Metrics (www.ninjametrics.com) launched a new predictive analytics product for the industry. The company announced a first round of funding Monday for its technology. Explain what Ninja Metrics is doing? READ MORE>>.

Metrics 113

Metrics Software Review Research Startup 113

Both Sides of the Table

MAY 23, 2012

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. Try charging customers for your product when you have 12 competitors giving the product away free finances by $20 million of VC.

Venture Capital 347

Venture Capital Capital Technical Review Startup 347

socalTECH

DECEMBER 20, 2017

At productboard we aim to bake best practices of product management straight into the interface, so you can improve the way you manage your products right out of the box. In the meantime, we’ll continue publishing thoughts and ideas we’ve learned from great product managers here. Why has product management be so slow to adapt?

Technical Review 100

Technical Review Metrics Ideas Product 100

Startup Professionals Musings

JUNE 23, 2021

For example, I commonly see metrics to keep track of revenue per employee, overtime, and absenteeism, but I don’t often see measures of overall customer satisfaction with individual employees. Incentives should be a combination of metrics and recognition to highlight results. Provide training, tools, and required decision authority.

Customer 147

Customer Custom Technical Review Metrics 147

Startup Professionals Musings

JANUARY 6, 2021

In reality, too many choices actually dilutes customer interest in your existing market, and makes your job of production, marketing, and support much more complex. New entrepreneurs, especially technical ones, are excited by early adopters, and tend to focus on their feedback, which will always suggest more product features and options.

Technical Review 160

Technical Review Technical Advisors Startup Mentor 160

socalTECH

NOVEMBER 12, 2013

In a move to convert that huge pile of data into something much more meaningful, Los Angeles-based Ninja Metrics (www.ninjametrics.com) launched a new predictive analytics product for the industry. The company announced a first round of funding Monday for its technology. Explain what Ninja Metrics is doing? READ MORE>>.

Metrics 100

Metrics Software Review Research Startup 100

Berkonomics

AUGUST 15, 2013

And with the rise of modern technology-driven businesses, the same is true of management in the business world. You should consider creating such a dashboard, or reviewing the one you use if already driving with one at hand. Earliest warning metrics: What good is information if you can’t act upon it in a timely manner?

Metrics 184

Metrics Software Review Technical Review Statistics 184

Startup Professionals Musings

OCTOBER 20, 2012

A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. A required metric is average days to payment compared to expected. If you fail to pay a cash obligation when it is due, the business is technically insolvent. This difference will kill your profit margin.

Technical Review 109

Technical Review Startup Entrepreneur Summary 109

Both Sides of the Table

NOVEMBER 14, 2017

Nearly every successful tech startup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. Innovate In the early years of a startup there is a lot of kinetic energy of enthusiastic innovators looking to launch a product that changes how an industry works.

Startup 286

Startup Technical Review Customer Custom 286

Both Sides of the Table

JULY 17, 2018

You get to have interesting conversations with founders and review business plans and then see how these businesses evolve over the years. " Revenue doesn't pay your bills, GM does  —  @msuster 2/ Founders obsess with revenue as a vanity metric. Some even grow "bad" revenue just to show growth.

Software Review 242

Software Review Technical Review Pricing Metrics 242

Startup Professionals Musings

OCTOBER 27, 2021

Most of the entrepreneurs I meet as an investor and advisor have no shortage of right-brain thinking, showing vision and creativity, but often don’t realize that their potential is being limited by a balancing focus on results, metrics, and customer specifics. Show results with a minimal viable product (MVP).

Technical Review 133

Technical Review Satisfaction Metrics Startup 133

Both Sides of the Table

JUNE 5, 2011

2 preamble issues having read the comments on TC today: 1: I know that the prices of startup companies is much great in Silicon Valley than in smaller towns / less tech focused areas in the US and the US prices higher than many foreign markets. This article originally appeared on TechCrunch. I acknowledged this in the article.

Startup 336

Startup Pricing Technical Review Marketing 336

Startup Professionals Musings

NOVEMBER 28, 2013

A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. A required metric is average days to payment compared to expectations. If you fail to pay a cash obligation when it is due, the business is technically insolvent. This difference will kill your profit margin.

Technical Review 100

Technical Review Entrepreneur Summary Pricing 100

Berkonomics

JULY 9, 2020

And with the rise of modern technology-driven businesses, the same is true of management in the business world. You should consider creating such a dashboard or reviewing the one you use if already driving with one at hand. Find metrics that will be “leading indicators” of trouble to come. Managers need real time information.

Metrics 156

Metrics Software Review Technical Review Statistics 156

Startup Professionals Musings

APRIL 28, 2021

If you are the hot-shot technical innovator that invented your solution, make sure you have an equally adept business and marketing expert to complement your skills. “If Bill Gates was the technical genius, but Steve Ballmer, from Procter & Gamble, ran the business side of the equation. Needed help can be your biggest burden.

Technical Review 131

Technical Review Case Study Mentor Software Review 131

InfoChachkie

SEPTEMBER 15, 2011

I review these tenets with my entrepreneurial students at UC Santa Barbara at the beginning of each quarter to reinforce many of the key topics we will cover in the following weeks. But we do it anyway, because we believe that the short-term metrics probably aren’t indicative of the long term.”. Don’t Chase The Quick Buck.

Tips 279

Tips Startup Framework Customer 279

Startup Professionals Musings

FEBRUARY 6, 2021

Words alone, like “improved efficiency”, “paradigm shift,” and “breakthrough technology” won’t convince people to follow you. For example, early adopters may be easily sold, but new technology product success really hinges on adoption by certain demographics, perhaps more influenced by celebrities or mommy bloggers.

Startup 155

Startup Resource Metrics Technical Review 155

Startup Professionals Musings

AUGUST 4, 2017

Not so long ago, every business assumed that the keys to success were the highest quality product, the best value for the buck, and the best customer service. Exploit your product and service differences. You must be able to highlight these differences between your products and services, and those of your competitors.

Customer 85

Customer Custom Product Marketing 85

Both Sides of the Table

FEBRUARY 27, 2019

If you buy into the argument that a strong board can actually help you then this post will lay out how to help you have more productive meetings by preparing properly in advance. How Most Board Meeting Prep Works I’ve been sitting on tech boards for two decades so I have some experience with what goes wrong.

Startup 226

Startup Slides Metrics News 226

Startup Professionals Musings

OCTOBER 14, 2022

In his classic book, “ The Leadership Capital Index ,” Dave Ulrich, a best-selling author, business consultant, and business school professor, provides some real insights and metrics on what makes up the elements of goodwill in the minds of top valuation experts. I have paraphrased his key points here as follows: Leader personal impact.

Technical Review 129

Technical Review Funding Organization Coach 129

Startup Professionals Musings

AUGUST 7, 2020

In my experience, even in startups, longer-term strategy often gets pushed off the agenda due to current challenges. By being proactive, and empowering and rewarding your frontline employees for improving processes, you will enhance your business productivity and growth in both the short term as well as the long term.

Technical Review 124

Technical Review Layoffs Social Media Metrics 124

Startup Professionals Musings

JANUARY 15, 2020

In his classic book, “ The Leadership Capital Index ,” Dave Ulrich, a best-selling author, business consultant, and business school professor, provides some real insights and metrics on what makes up the elements of goodwill in the minds of top valuation experts. I have paraphrased his key points here as follows: Leader personal impact.

Technical Review 124

Technical Review Organization Coach Satisfaction 124

Startup Professionals Musings

JUNE 24, 2020

For example, if your idea is so new and different that it implies real social or technological change is necessary before widespread acceptance, investors will define your market as nascent or unproven, and be very reluctant to fund you, no matter how convincing your projections may be. Typical valuations range from 3x-5x revenues.

Marketing 174

Marketing Startup Artificial Inteligence Technical Review 174

SoCal CTO

MARCH 22, 2007

We have been using LinkedIn for both sourcing recruits and reviewing backgrounds for recruits. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. Technology Jobs in Southern California – a Rebound. Its been great to zero in on very specific skillsets.

Blogging 150

Blogging CTO Coach CTO Hire Southern California 150

Startup Professionals Musings

FEBRUARY 8, 2020

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. It’s hard to recover from a tarnished image.

Entrepreneur 129

Entrepreneur Resource Metrics Customer 129

Startup Professionals Musings

OCTOBER 17, 2018

This can happen through early marketing, independent of whether you have yet delivered a single product, proven your business model, or have any real customers. Here are some of the key specifics for credibility and acceptance as you create and use these metrics: Itemize investment levels from you, insiders, and family.

Tips 79

Tips Metrics Technical Review Customer 79

Tech Zulu Event

DECEMBER 13, 2013

The nuts and bolts of our tech company is that CMS in the middle, the connection engine. When I went full-time, I did not have the full-time support on the tech side I wanted. So, I have no tech support right now. Which I have shown to do, but anybody who invests in tech, invests in team. It’s a huge challenge for me.

Technical Review 87

Technical Review Mobile Startup Los Angeles 87

Startup Professionals Musings

NOVEMBER 2, 2022

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. It’s hard to recover from a tarnished image.

Resource 121

Resource Metrics Entrepreneur Customer 121

Startup Professionals Musings

NOVEMBER 4, 2015

In a new book, “ The Leadership Capital Index ,” Dave Ulrich, a best-selling author, business consultant, and business school professor, provides some real insights and metrics on what makes up the elements of goodwill in the minds of top valuation experts. I have paraphrased his key points here as follows: Leader personal impact.

Technical Review 100

Technical Review Organization Coach Satisfaction 100

Startup Professionals Musings

SEPTEMBER 9, 2015

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. It’s hard to recover from a tarnished image.

Startup 115

Startup Resource Metrics Entrepreneur 115

Startup Professionals Musings

JANUARY 8, 2021

It must be understandable, written down, and verifiable, with regular measurements and metrics to make it real, benchmarked against the competition. Leaders have found that keeping everyone on top of changes in technology, competition, and customer demands is critical to success. Make your service deliver process “happy.”

Startup 154

Startup Training Customer Custom 154