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6 Tips for Coming Up With Your Million-Dollar Business Idea

Up and Running

David sold his recording equipment for $50,000 and they borrowed the rest of their seed money from a bank. Don’t get focused on the tech or how to dominate the market, just identify a problem and set about solving it. “I Along the way, the group brought on another classmate, Joe Miller, to handle the technology end.

Detroit 156
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Should Startups Focus on Profitability or Not?

Both Sides of the Table

Exec Summary: Most companies (98+%) in the world (even tech startups) should be very profit focused. Being profitable allows you degrees of freedom you don’t have when you rely upon other people’s money. If you spent the 3 years perfecting some hugely differentiated technology IP that may also be different.

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The Series A crunch is hitting now. Have we even noticed?

pandodaily.com

“The tech industry creates roughly 10 awesome companies per year,” he says. “That’s independent of how much money VCs have or how many companies funded. “I wouldn’t expect anyone except seed investors to complain about it,” Graham says. Scanadu: Technologically-savvy healthcare.