Thu.Nov 22, 2012

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8 Pragmatics to Avoid Common Entrepreneur Pitfalls

Startup Professionals Musings

Behind most great startup success stories is a long list of mistakes! Unfortunately, for every success story you see, there is an even longer list of failure stories with mistakes that you don’t see. But rather than dwell on the failures, I’ve tried to extract from them a list of practical action items that will improve your survival probability. Every startup mentor has his favorite list of basic strategies to avoid pitfalls, and I’m no exception.

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In a galaxy not too far away.

deal architect

I recently saw a news item which had a buff looking Jabba the Hut (buff for Jabba) with a young looking Hans Solo. I racked my brains – was that from Star Wars 1,2…oh wait, that would be 4,5 …and.

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How many start-ups in the US get seed/VC funding per year?

Gust

In very general terms, roughly 1,500 startups get funded by venture capitalists in the US, and 50,000 by angel investors. VCs look at around 400 companies for every one in which they invest; angels look at 40. There are several million “startups” that are formed each year, so one way of looking at it is that there are several million “great people with a good idea who give up because they just cannot get initial funding” On the other hand, those VCs and angel investors sp

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More Innovation

deal architect

On the New Florence blog The awesome slate at Cognizant Community Fan Conventions Technology and the 2012 World Series Media Room Makeover Vail Resorts EpicMax app Hawaii’s night of tsunami technology and terror Customer experience as a service Data encoded.

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Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in

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Maximizing Your Facebook Advertising

YoungUpstarts

If you ask any small business owner what their social media strategy is, “ Facebook !” is probably the most common answer you’d get. But even if that’s the right strategy for their business – and we’re not saying it is – many of these business owners may not be exactly be sure how to approach the social network.

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Involve developers in the design process: Another reason to have development in-house

The Equity Kicker

Having development in house is really important for startups, principally because it is really hard to iterate quickly when using third parties. This is why technical co-founders are so sought after. Being able to involve developers in the design process is another reason to have your developers on staff. David Royer at UIrrational gives three good reasons why: developers have great ideas – they are typically early adopters of other services which gives them a lot of relevant experience. underst

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Creative Destruction

Jason Ball

Last week, I spent 3 days in Helsinki at Slush. It’s the second time I’ve been there – last visit was three years ago. The differences between the two visits were staggering: last time there were circa 500-700 attendees. This year saw a 3000+ sell-out crowd. The floor was so thick you could barely walk. The demo floor was packed with startups – I, foolishly, thought they would be there both days.

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