Remove Customer Development Remove Early Stage Remove Networking Remove Product Development
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Launching a Portfolio Acceleration Platform at a Venture Capital or Private Equity Fund

David Teten

Nick Kim , Crosscut’s Head of Platform, in his presentation at the 4th Annual VC Platform Summit, shared their Platform development methodology, which he viewed as an exercise in product development. For example, recruiting writ large is useful at all stages of development. Customer Development.

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Create Structure out of the Gate and You’ll Thank Yourself Later

Feld Thoughts

Following is his advice to early stage entrepreneurs for creating structure in their company. So, I’ll explain my reasoning through the story of ASC, a fictitious company that has a combination of characteristics I’ve seen across a number of early stage companies. Three months in, the burn is now at $70k/month.

Burn Rate 152
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Building a new startup hub

Startup Lessons Learned

The companies I spoke to all agreed that the community there was extremely supportive, especially in the critical ulta-early-stage. And they expose the startups to a vast network of mentors, none of whom get paid for their involvement. Then, create an encouraging environment for early-stage companies.

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Revisiting the Software Design Manifesto (and what's changed since.

Startup Lessons Learned

When it becomes possible to build products "live" with customers, the cycle time changes and design becomes a much more dynamic process. We still struggle to create Firm software that is defect-free, and it still requires customer insight (and maybe some customer development) to discover what will Delight.

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How to listen to customers, and not just the loud people

Startup Lessons Learned

But the early customers all compared it to MySpace. This was 2004, and we had never even heard of MySpace, let alone had any understanding of social networking. It required hearing customers say it over and over again for us to take a serious look, and eventually to realize that social networking was core to our business.

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Transitioning from a service business to a product-driven company

BeyondVC

In addition, I met a number of interesting companies, a couple of which were service businesses in the process of transitioning their models to become product-driven software companies. This makes a ton of sense as the entrepreneur gets to understand a particular market and pain point for customers.

Product 60
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Love/Hate Business Plan Competitions

Steve Blank

Win, lose or draw, these students have a life changing experience where they can network and get smarter as they see what good startup thinking looks like. MootCorp in particular has an impressive track record of putting early stage tech companies on the right path towards funding.