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It was like having a bunch of mini- Free Startup CTO Consulting Sessions all in one room. But what was interesting to me was that I found myself recommending that each of them should have a technicaladviser. This is exactly the kind of thing I'm doing as a Part-Time CTO or TechnicalAdvisor for startups.
This is part of my ongoing series “ Start-up Lessons. &# If you want to subscribe to my RSS feed please click here or to get my blog by email click here. Imagine you pour 5 years of your life into your next gig and it starts to become successful. Starting with 25% is even harder. And you’re probably right.
I generally am working as an acting CTO for about 3-4 start-ups or other companies at any one time. Most often I'm being brought in the early stage, Start-up or Expansion (as the company looks at new product lines). Basically, the role is to support both the business strategy and technical strategy.
I have long advisedstartup companies that if you don’t control your messaging somebody else will and your potential customers will form impressions of you shaped by somebody else or by nobody at all. For 1991 I was very technical and also had a lot of practical business implementation experience in technology.
In my years of advisingstartups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. You need to have a technical genius on the team to get your startup product off the ground. The sales professional.
I've had several Startup CTO Consulting sessions recently where it became apparent that the Founder needed help with the business and product as much or more than the technology. Then we discussed how they could go about finding this startup business advisor. Do you have any suggestions for how to find a good mentor?
In my years of advisingstartups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. You need to have a technical genius on the team to get your startup product off the ground. The sales professional.
I’ve worked with 30+ early-stage companies in all sorts of capacities (and spoken to many, many more), so I thought it might be worthwhile trying to classify the various ways that I’ve engaged in different technology roles in startups. Later he posted about his experience in Challenges of Startups.
I made every textbook mistake at my first startup, which is why I believe I was much more effective at my second one. The following are some lessons I learned about early-stage startup marketing. Most people totally advise against stealth. “ We need to learn from doing, by trial-and-error. Be careful about this advice.
I was reading Danielle Morrill’s blog post today on whether one’s “ Startup Burn Rate is Normal. I love how transparently Danielle lives her startup (& encourages other to join in) because it provides much needed transparency to other startups. Let’s set up a framework. Gross Burn vs. Net Burn.
This is part of my Startup Advice series. at a startup that has already raised $5 million the chances of you making your retirement money on that company is EXTREMELY small. I often have career discussions with entrepreneurs – both young and more mature – whether they should join company “X&# or not. That’s Ok.
She started with a story — a parable — as Jewish people are wont to do. You should be asking yourself … how could two boys go down the chimney and one ended up dirty and the other ended up clean?!’ Learning comes from starting with a point-of-view that says, “I don’t know.”
Of course, there's no law saying you have to go to college to start a business. Current young adults have grown up hearing about Bill Gates as the paragon of success. Too many startups fail simply by missing the practical elements of money management, time management, and setting priorities. Build a business plan early on.
One of the biggest complaints you hear from both entrepreneurs and investors in Los Angeles, is the lack of a credible, visible startup accelerator in the Los Angeles area. We caught up with Erik to hear more about MuckerLab, and its efforts to grow the Los Angeles technology ecosystem. Erik, thanks for the time.
This is part of my Startup Advice series. I spent nearly a decade building software for large companies and then advising companies on the same. So I was surprised at the sheer volumes of decisions that had to be made when I became a startup CEO. I didn’t have to make many serious decisions. This was such a guy.
Over my many years of mentoring aspiring entrepreneurs and business professionals, I often hear a desire to start a new business, with a big hesitation while waiting for that perfect idea and perfect alignment of the stars. Start today building a bigger network. Success requires a great amount of hard work.
Let me start with a story. We ended up agreeing a term sheet for $16.5 We had people hearing through the grapevine that we were about to raise money and new investors started calling us to get in on the deal. Guys, I accept that we could probably shop this around but we could also end up with nothing. I was resolute.
In my years of advisingstartups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. You need to have a technical genius on the team to get your startup product off the ground. The sales professional.
Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. If you don't have a team on staff, then a banker is going to want to hear about outsourcing and advisors. An impressive team.
Getting customer attention often takes more innovation today than solving the tough technical problems. As a business adviser, I still see too many new venture founders who skimp on their marketing focus, or start too late. You won’t need the multiple follow-ups and time to close new sales.
Well, I caved and signed up. How they knew anything about us is beyond me, but that is where we got started. I told them I’d be happy to sign up if that rating was increased to an A. Your BBB has formed a strategic alliance to help save you money in your everyday costs starting immediately. Please advise.
In my years of advisingstartups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. You need to have a technical genius on the team to get your startup product off the ground. The sales professional.
We’ve heard this from startup founders, product managers, development team leads, CTOs, and others who see their product gaining traction, but simultaneously see performance falling off a cliff. Often this situation is characterized as a “good problem to have” until you’re the technical person who needs to solve the problem—and quickly.
Based on my experience advising new entrepreneurs as well as more mature businesses, I recommend the following strategies for building business momentum, while still optimizing the limited resources of every small business: Find more customers that like what you do best. Focus first on finding more of the right customers.
As an advisor to entrepreneurs, I often hear the desire to run their own company, to avoid having someone else telling them how to run the business. Sure, this may limit the type and scope of your startup, but it’s the only way to get the control and freedom you want. Avoid family members and close personal friends.
For those who haven’t heard of what Startup Weekend is all about, it’s building a company on STEROIDS! Friday Night, people started trickling in at Coloft at 6pm. People were so excited for the weekend, many of who have participated in Startup Weekend before and a few like me, who were there for the first time.
I would argue that this mostly consists of consumer Internet companies (although not exclusively) and it is predominantly early-stage people who are product gurus and have a mildly technical bend to them. I talked about this in the TWiVC video but I didn’t do a good enough job of writing it up in the summary notes in the post.
Len Short is truly an online marketing pioneer, heading up marketing at Charles Schwab, AOL and then (PRODUCT)RED. I recently caught up with Len outside of George Lucas’ Skywalker Ranch. Despite this technical glitch, I opted to publish our discussion, given the high-quality content of his comments.
In my years of advisingstartups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. You need to have a technical genius on the team to get your startup product off the ground. The sales professional.
Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. If you don't have a team on staff, then a banker is going to want to hear about outsourcing and advisors. An impressive team.
Our own subsidiary, of a major technology company, started to repair and service competitive products in order to maintain our own technical staff and service capabilities. We retained legal council in Milan and were advised that we would loose if the case went to trial. You may recall the Chevy Nova, a compact car from GM.
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. A lot of companies, like Lodsys above, buy up software patents that are over-broad, and hold startups hostage, after the fact, through royalties and litigation.
Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. If you don't have a team on staff, then a banker is going to want to hear about outsourcing and advisors. An impressive team.
Yet, whether you’re looking to start a business or take an existing venture to the next level, there is actually a wealth of opportunities out there to help you reach your potential. While the prize fund varies per year, this year a cash sum of $2,250 is up for grabs. You can unsubscribe at any time.
Many of the entrepreneurs I advise or invest with spend considerable time on the Internet, keeping up with technology, customers, and competitors, but very few feel the need for an early personal presence. Every future entrepreneur should start by networking. Make your lifestyle a model of the online reputation you want.
PartySlate (www.partyslate.com)--which is backed by a slate of LA area investors--offers up a place to browse photos on events, find venues, and most importantly, planners who put those events on, so your next big event can be an unforgettable one. That's how I came up with the idea. I said, that's what we need for the event industry.
Of course you could start your own company. As I talked about in “ Is it Time to Learn or Time to Earn ” – overwhelmingly the best economics go to those that start successful companies. But not everybody has the right skills to build a highly successful and valuable startup from scratch.
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. A lot of companies, like Lodsys above, buy up software patents that are over-broad, and hold startups hostage, after the fact, through royalties and litigation.
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. A lot of companies, like Lodsys above, buy up software patents that are over-broad, and hold startups hostage after the fact, through royalties and litigation. Marty Zwilling.
If you are one of the thousands of entrepreneurs who need equity funding to get your startup going (no loans to repay), you are probably overwhelmed at the prospect of finding, contacting and pitching to the huge number of qualified angels and investment groups around the country. Register Internet and social media startup names.
Most small businesses I advise still rely on traditional advertising models, assuming they can create enough media “noise” to get customers attention and sway them. This is technically called “permissioned,” and it comes in two forms: implicit and explicit. You now need a personal context in your marketing to get results.
Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. If you don''t have a team on staff, then a banker is going to want to hear about outsourcing and advisors. An impressive team.
In my business of mentoring new entrepreneurs and advising small company owners, I recognize that most don’t start as experienced leaders, and most don’t realize that people leadership is a primary key to their future success. Building a business is not a one-person job, and leading by edict rarely works today.
I’m convinced that is why many great business leaders remember working their way up the ranks. For example, Howard Schultz was not the founder of Starbucks, but started his career in one of their first 60 shops. This starts with picking your roles carefully – to be in the right place at the right time.
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