April, 2013

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When Hell Froze Over – in the Harvard Business Review

Steve Blank

'“I refuse to join any club that would have me as a member.” Groucho Marx. In my 21 years as an entrepreneur, I would come up for air once a month to religiously read the Harvard Business Review. It was not only my secret weapon in thinking about new startup strategies, it also gave me a view of the management issues my customers were dealing with.

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Do You Have What it Takes to Attract Investors?

Startup Professionals Musings

'I’ve noticed that some entrepreneurs seem to have no trouble attracting investors, while others with a great business plan struggle with it. The reality is that angel investors are humans, and personal traits often make or break the relationship, even before the investment is considered. On the top line, angel investors look to invest in entrepreneurs that have an almost unwavering passion and sense of urgency.

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How to Get Picked as a Speaker for The Lean Startup Conference

Startup Lessons Learned

'This post was written by Sarah Milstein, co-host of The Lean Startup Conference. We’re looking for speakers for the 2013 Lean Startup Conference. Last week, we announced that our short application form was live. Today, we’re following up with answers to frequently asked questions we’ve received since then , because the answers will help your app lication succeed.

Lean 165
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How to find funding for your hardware startup while we’re waiting for the hardware revolution

Version One Ventures

'hardware (Photo credit: alorenzi). Despite the recent media buzz surrounding the hardware revolution and emerging maker space, the overwhelming majority of hardware startups have a hard time attracting financing today. Hardware requires time, money, and inventory. As a result, most venture capitalists are reluctant to touch hardware projects, opting for the lower costs and smaller risks of software.

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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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Making the Most of Your Drip Email Campaign: Content, Length & Frequency

ConversionXL

'Most people won’t buy anything on the first visit, so you need to capture emails. And then what? In this article we’re going to dive deep into a discussion about creating content for your autoresponder campaign. We’ve talked about ReOptimizing your autoresponders and creating effective drip campaigns before. This article is about how to not sound like a robot and keep that personal vibe even when your content is on auto-pilot.

Campaign 130
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How To Cut Costs In Your Business, Without Hurting It

Mike Michalowicz

'The formula is simple. You fix your bottom line by increasing revenue or cutting costs or both. Yet, most entrepreneurs put all their efforts on the sell side only. They try to “sell their way out” of an unprofitable business. Its not necessarily the best thing to do, and not even logical at times. Selling is unpredictable. You can’t guarantee that you will increase revenue by next month, but you can guarantee that your rent will be due.

Cost 151

More Trending

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10 Questions Startups Use to Make Change Happen

Startup Professionals Musings

'Change is hard. I see entrepreneurs every day who are trying to change the world with a new idea, and startups that are trying to survive their hyper-growth phase by changing processes to meet demand. In both cases, it’s easy for them to become frustrated and give up, since most have never been trained in change management, and don’t even know what questions to ask.

Startup 253
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Twitter Link Roundup #173 – Small Business, Startups, Innovation, Social Media, Design, Marketing and More

crowdSPRING Blog

'Every day on the crowdSPRING Twitter account and on my own Twitter account , I post links to posts or videos I enjoyed reading or viewing. These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Here are some of the links that I’ve liked and shared this past week!

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Volunteering in China with my son

David Cohen

Recently, I took my 11 year old (Andrew) to Beijing, China for 10 days. Inspired by Mark Solon , and organized through Globe Aware , we worked in a school for the children of migrant workers who have no government services. The goal was for my son to experience more of the world and to learn how many others are not as fortunate as we are. Mission accomplished.

China 127
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How Software Developers Really Spend Their Time

readwrite.com

'And you thought being a software engineer was all about dreaming up clever algorithms or amazing graphics routines and then instantiating them in elegant, tightly written code. Shows what you know. It turns out, at least according to a survey conducted by software delivery service Electric Cloud , that developers spend almost 20% of their time. waiting.

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Frameworks Round 3

TechEmpower

'We''ve previously posted two rounds of results of benchmarking many web application platforms and frameworks. The community''s response remains strong! We have really enjoyed your comments, advice, questions, criticism, and pull requests. Speaking of pull requests, we received tests for several additional frameworks since Round 2 and we have posted Round 3.

Framework 509
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The First Anniversary of Legalized Crowdfunding Is A Bit of A Let Down

Growthink Blog

'On April 4th of last year, the JOBS Act was signed into law. As part of the JOBS Act, equity-based crowdfunding was made legal in the US. However, before entrepreneurs could start using equity-based crowdfunding, the SEC had to write the specific rules governing it. The SEC was given 9 months to write those rules; they were due on December 31, 2012.

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Startup Survival is All About Relationships at Work

Startup Professionals Musings

'Most entrepreneurs, and members of any small team, naively assume that the key to their success is hard work, dedication, and long hours at the business. In reality, their effectiveness is usually more related to how well they develop their work relationships with peers and business leaders. First they need to decipher correctly every relationship as a workship, friendship, or foe.

Startup 249
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Through the Looking Glass: Hiring Sales People

Ben's Blog

'He’s a big bad wolf in your neighborhood. Not bad meaning bad, but bad meaning good. —Run DMC, Peter Piper. Perhaps the most common mistake that I see a technical founder make when building her sales organization is she applies strategies that worked in building the engineering team to the sales hiring process. This may sound shocking, but sales people are different than engineers and treating them like engineers does not work well at all.

Hiring 78
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5 Lessons from a Failed Business

Duct Tape Marketing

'Thursday is guest post day here at Duct Tape Marketing and today’s guest is Vitra Singh – Enjoy! I started a small business. And I failed. Not exactly the ideal outcome for an aspiring entrepreneur. Looking back, there are things I should have done differently. Here are 5 pitfalls to avoid, based on my own experiences: 1. Avoid jumping in too quickly: I came up with my business idea while in grad school for my MBA.

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My Favorite Entrepreneur Story in a Long Time

Both Sides of the Table

'This article originally appeared on TechCrunch. If you don’t like it hot, use less,” he said. “We don’t make mayonnaise here.” . This morning I was reading my social media and came across an article that Christine Tsai had posted on Facebook. It was about the founder of Sriracha sauce, David Tran, displaced from Vietnam when the North’s communists took power.

Vietnam 415
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Of Oracle and Decathlons

deal architect

'In two seperate venues this week I saw Oracle execs, Thomas Kurian (in front of customers) and Steve Miranda (in front of analysts) passionately and articulately talk about cloud computing. Thomas talked about the speed clouds bring citing a Herbalife.

Cloud 383
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China – The Sleeper Awakens (Part 1 of 5)

Steve Blank

'I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. In these series of 5 posts, I thought I’d share what I learned in China. My post about Japan will follow. All the usual caveats apply. I was only in China for a week so this a cursory view. Thanks to Kai-Fu Lee of Innovation Works, David Lin of Microsoft Accelerator, and my publisher China Machine Press.

China 315
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The E-Myth Principle is Still Alive and Flourishing

Startup Professionals Musings

'Over 25 years ago, Michael E. Gerber wrote a best-selling business book called The E-Myth: Why Most Businesses Don’t Work and What to Do About It. The E-Myth (“Entrepreneurial Myth”) is the mistaken belief that most businesses are started by people with tangible business skills, when in fact most are started by “technicians” who know nothing about running a business.

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Through the Looking Glass: Hiring Sales People

Ben's Blog

'He''s a big bad wolf in your neighborhood Not bad meaning bad, but bad meaning good —Run DMC, Peter Piper. Perhaps the most common mistake that I see a technical founder make when building her sales organization is she applies strategies that worked in building the engineering team to the sales hiring process. This may sound shocking, but sales people are different than engineers and treating them like engineers does not work well at all.

Hiring 77
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Are You Ever “Finished” with Inbound Marketing?

Duct Tape Marketing

'Enjoy this guest post from Michael Reynolds is President/CEO of SpinWeb. photo credit: Folk Media via photopin cc. Inbound marketing is both an art and a science. The technology, metrics, measurements, testing, and goals are the science part of it while the creative campaigns and intuitive ideas are a critical part of the art of inbound marketing. While the numbers and metrics are very quantifiable, the multifaceted nature of inbound marketing can make it somewhat challenging to tackle from a p

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Two Amazing Women Setting Out on Their Startup Journey

Both Sides of the Table

'Note: if you’re a parent please check out their website. Kara called me on a Tuesday. She was leaving IAC to start a company. “Tasha, clear some space on my calendar tomorrow. OK?” “I want you in my offices tomorrow, Kara. Does that work for you?” Kara came. She didn’t tell me she was bringing anybody. I didn’t ask her for a deck.

Haiti 398
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Consumerization of IT with a Capital C

deal architect

'Consumerization is not a new concept. In 2005, Gartner defined it as "the growing practice of introducing new technologies into consumer markets prior to industrial markets". Unfortunately, in the years since, the definition has gotten narrower - to where many.

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Bootstrapped CPC rule of thumb: MRR/25

A Smart Bear: Startups and Marketing for Geeks

'In the first year of business, you have literally no data for making decisions and predictions. Even after the first hundred customers, half of those were serendipitous one-offs, not representative of repeatable, controllable customer acquisition, and the scale of the data isn’t statistically significant. One of the root questions you have at the start, which is supposed to be data-driven (but you don’t have data) is: What’s the maximum I should bid for CPC (cost-per-click) ca

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The Rise of Chinese Venture Capital – (Part 3 of 5)

Steve Blank

'I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. In these series of 5 posts, I thought I’d share what I learned in China. All the usual caveats apply. I was only in China for a week so this a cursory view. Thanks to Kai-Fu Lee of Innovation Works, David Lin of Microsoft Accelerator, Frank Hawke of the Stanford Center in Beijing , and my publisher China Machine Press.

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Gen-Y Should Thank Gen-X For Social Media Today

Startup Professionals Musings

'What happened to Generation X? They are generally defined as anyone born between 1965 and 1980, sandwiched between 80 million Baby Boomers and 78 million Gen-Y (Millennials). Gen-X has just 46 million members, but they continue to lead the way and set the standards in the startup world. Gen-X is the group that will bridge the two larger generations of Boomers and Gen-Y.

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Sales Is a Function of Marketing Pure and Simple

Duct Tape Marketing

'Over the years one of the great breakdowns in many of the small businesses that I’ve worked with lies in area of sales. Now it might be tempting to conclude that what I referring to is a lack of sales, but what I’m really getting at is a misunderstanding there’s actually a distinction between sales and marketing. Some of this might simply be semantics because the terms are widely fumbled around in various places, but here’s what I find to be true.

Sales 69
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Stop Trying to Catch Lightning in a Bottle

Both Sides of the Table

'I’m sure you’ve all heard saying derived from Voltaire, “don’t let perfect be the enemy of the good” which in a way is encapsulated in the lean startup movement and the ideology of shipping a “minimum viable product” (MVP) and then learning from your customer base. Or to borrow a simple life lesson from Gretchen Rubin , “The 20-minute walk I take is better than the 3-mile run I never start.

Viral 371
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Mobile is hot. Somebody better tell enterprise vendors.

deal architect

'Salesforce.com pre-briefed me on their refreshed mobile SDK which will be generally available this summer. This should allow developers to more easily link their CRM data to mobile applications, whether native, HTML5 or hybrid. As they were presenting, it occurred.

Mobile 310
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5 Signs That You Have A Brilliant Business Idea

YoungUpstarts

'By Ella Sorenson. Starting your own business is a huge gamble, but you can increase your chances of success before you begin by making sure that you have the best possible plan. This post will offer five criteria to evaluate your business idea before you go ahead with it. It Is Financially Viable. Money talks, so carefully consider the financial side of your business to determine whether it is actually a viable idea.

SEO 268
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Zhongguancun in Beijing – China’s Silicon Valley (Part 4 of 5)

Steve Blank

'I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. In these series of 5 posts, I thought I’d share what I learned in China. All the usual caveats apply. I was only in China for a week so this a cursory view. Thanks to Kai-Fu Lee of Innovation Works, David Lin of Microsoft Accelerator, Frank Hawke of the Stanford Center in Beijing , and my publisher China Machine Press.

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10 Surprising Assertions From Elite Entrepreneurs

Startup Professionals Musings

'Most people agree that entrepreneurs have to think differently and take risks to have much chance of building a successful business. Yet I have found that serious entrepreneurs usually go way beyond these platitudes in their actions and thinking, and often won’t volunteer their real views, for fear of alienating “regular” people, and being branded a fanatic.

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Frameworks Round 2

TechEmpower

'Last week, we posted the results of benchmarking several web application development and frameworks. The response was tremendous. We received comments, recommendations, advice, criticism, questions, and most importantly pull requests from dozens of readers and developers. On Tuesday of this week, we kicked off a pair of EC2 instances and a pair of our i7 workstations to produce updated data.

Framework 559
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How to Raise Money When You’re Not in a Major VC Market

Both Sides of the Table

'I travel the country a lot. And I am often approached by entrepreneurs in cities which don’t have a vibrant VC community. They often ask whether they have to move to SF, NY or LA to get financed. I have the same response always, “Where do you want to live? Where do you want to build your community, your relationships, your family?” I’m trying to get a feel for their commitment to local community versus being in a place where financing is easiest.

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SAP faces massive HANA pushback

deal architect

As SAP chases the Big Data market it is running into competition from IBM, Oracle, HP, SAS, Cloudera and a host of other analytical players. But a more existential threat to the product may be coming from an unexpected source.

Analytics 300
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Public Relations Tips for Your Small Business to Boost Sales Now

Rembrandt Communications

'Is your PR program helping your small business succeed? If you just launched a new business and want to build buzz fast, or you are a struggling small business owner who needs to increase sales right away, try these… 3 Public Relations Tips for Your Small Business to Boost Sales and Awareness Now! 1. Post [.].