Startup Professionals Musings

NOVEMBER 15, 2010

By utilizing economies of scale, location, and common design, you may be able to provide a better solution faster for a lower cost. They know you and your brand, so this should minimize your customer acquisition cost for the new product. New products or services to existing customers.

Entrepreneur 250

Entrepreneur Bandwidth Incubator .Net 250

Startup Professionals Musings

JANUARY 16, 2015

Re-live that moment of inspiration that resulted in an innovative design and implementation for your product, and is now providing you with a sustainable competitive advantage. This may also be the moment when you get your first big acquisition offer, rather than a clone appearing.

Sweat Equity 120

Sweat Equity Salary Viral Leadership 120

Startup Professionals Musings

OCTOBER 13, 2010

For instance, if your company is only a few weeks old and you have zero customers and your product offering is still in design, don’t expect someone to hand over $10 million to fund your efforts. If your startup is at the wrong stage for the investor you are approaching, the courting is a waste of time for both of you.

Investment Bankers 231

Investment Bankers Venture Capital Startup Initial Public Offering 231

Startup Professionals Musings

NOVEMBER 27, 2017

Hoffman should know, as an icon in the Silicon Valley, having educated and trained hundreds of startup founders as the CEO of “ Founders Space ,” designated by Inc.com as one of the top ten incubators and accelerators in the world. Lock in customers with loyalty and high cost of change.

Silicon Valley 136

Silicon Valley Differentiation Angel Investor Incubator 136

Startup Professionals Musings

MARCH 5, 2023

Customer acquisition, retention, and support. Most experts agree that acquisition of a new customer costs six times retaining existing customers. Follow-up is required for every sales lead, a pipeline built, and a sales process documented, with training for new reps.

Cofounder 389

Cofounder Startup Term Sheet Acquisition 389

Startup Professionals Musings

JUNE 5, 2020

Customer acquisition, retention, and support. Most experts agree that acquisition of a new customer costs six times retaining existing customers. Follow-up is required for every sales lead, a pipeline built, and a sales process documented, with training for new reps.

Entrepreneur 307

Entrepreneur Cofounder Term Sheet Acquisition 307

Startup Professionals Musings

MAY 15, 2016

Customer acquisition, retention, and support. Most experts agree that acquisition of a new customer costs six times retaining existing customers. Follow-up is required for every sales lead, a pipeline built, and a sales process documented, with training for new reps.

Cofounder 120

Cofounder Term Sheet Acquisition Metrics 120

Startup Professionals Musings

MAY 9, 2015

Customer acquisition, retention, and support. Most experts agree that acquisition of a new customer costs six times retaining existing customers. Follow-up is required for every sales lead, a pipeline built, and a sales process documented, with training for new reps.

Cofounder 120

Cofounder Startup Term Sheet Acquisition 120

Startup Professionals Musings

FEBRUARY 22, 2019

In software, hackers love the intellectual challenge of confronting a system designed to do one thing and cleverly exploit it to achieve something different. They enjoy engaging in informal partnering and co-design solutions with other stakeholders, while making the total opportunity as much possible about others.

Software Review 233

Software Review Early Stage Acquisition Design 233

Startup Professionals Musings

SEPTEMBER 11, 2023

If you want money, rather than just feedback, you need to actually design, develop, and prove that you have something worth people’s hard-earned funds before you launch your campaign. You need a polished, tested concept, not just an idea. Crowdfunding to gauge demand is not recommended, since failed campaigns don’t usually recover later.

Accredited Investor 252

Accredited Investor SEC Campaign Equity 252

Startup Professionals Musings

DECEMBER 26, 2020

If you want money, rather than just feedback, you need to actually design, develop, and prove that you have something worth people’s hard-earned funds before you launch your campaign. You need a polished, tested concept, not just an idea. Crowdfunding to gauge demand is not recommended, since failed campaigns don’t usually recover later.

Accredited Investor 378

Accredited Investor SEC Campaign Equity 378

Startup Professionals Musings

MARCH 10, 2013

These companies, designated the “ gang of four ” by Eric Schmidt a couple of years ago, are clearly driving a consumer and business revolution on the Internet today. Seek intelligent acquisitions, extensions, and directions. Plan on making strategic acquisitions to enhance your core competency, both in terms of depth and breadth.

API 247

API Acquisition Business Model Technology 247

Startup Professionals Musings

JANUARY 5, 2012

These companies, designated the “ gang of four ” by Eric Schmidt last year, are clearly driving a consumer and business revolution on the Internet today. Seek intelligent acquisitions, extensions, and directions. Plan on making strategic acquisitions to enhance your core competency, both in terms of depth and breadth.

API 242

API Startup Acquisition Business Model 242

Startup Professionals Musings

DECEMBER 16, 2015

If you want money, rather than just feedback, you need to actually design, develop, and prove that you have something worth people’s hard-earned funds before you launch your campaign. You need a polished, tested concept, not just an idea. Crowdfunding to gauge demand is not recommended, since failed campaigns don’t usually recover later.

Accredited Investor 120

Accredited Investor SEC Campaign Equity 120