November, 2009

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What Makes an Entrepreneur? Four Letters: JFDI

Both Sides of the Table

This is part of my Startup Advice series. I had a picture in the office of my first company with the logo above and the capital letters JFDI. (In case it’s not obvious it’s a play on the Nike slogan, “Just Do It.&# ) I believe that being successful as an entrepreneur requires you to get lots of things done. You are constantly faced with decisions and there is always incomplete information.

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Times Square Strategy Session – Web Startups and Customer Development

Steve Blank

Home Books for Startups Secret History-Bibliography Steve Blank Startup Resources Steve Blank Entries RSS | Comments RSS Categories Air Force (9) Ardent (9) Big Companies versus Startups: Durant versus Sloan (29) California Coastal Commission (3) Conservation (2) Convergent Technologies (1) Customer Development (98) Customer Development Manifesto (22) E.piphany (6) ESL (7) Family/Career (21) Market Types (9) Marketing (17) MIPS Computers (1) Rocket Science Games (7) Secret History of Silico

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Product Manager Entrepreneur Mark Geller

SoCal CTO

Visible networking is turning into a really great opportunity to get to know people better, get to meet new people, and have some interesting conversations. This time I'm getting to know Mark Geller ( LinkedIn , @markgeller ). He has a really interesting background as a product manager and now an entrepreneur. Tell me a bit about your background. Like many product managers, my background is fairly eclectic.

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Web Analytics 2.0 Book: In Stores Now!!

Occam's Razor

I am absolutely thrilled that my book Web Analytics 2.0 has been released and is in retail stores now, online and offline! Hurray!! Even with a broken right hand I can't help but write this post! The waterfall of positive feeling stems from the fact that this book was very hard to write. I only had one job, at Intuit, when I wrote my first web analytics book.

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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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Monetizing Social Networks: The Four Dominant Business Models and How You Should Implement Them in 2010

venturedig.com

The business models within the social media realm are much different than traditional businesses. In social networking, they’re ever-changing, backed by eye-opening revenue and have very little documentation. Reason : as soon as someone sits down to outline ways social networks can be monetized, another model emerges, and another model ceases.

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Passion as a Competitive Advantage

Software By Rob

Software by Rob Passionate about Startups and MicroISVs Lessons Learned by a Serial Entrepreneur home about press micropreneurs archives ← Debt, Equity and a Third (and Fourth) Thing that Might Work Better Book Recommendations – The Best Marketing Books of All Time → Passion as a Competitive Advantage Micropreneurship , Software Development , Startups If youre trying grow your startup youve come to the right place.

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Thanksgiving Day

Steve Blank

Home Books for Startups Secret History-Bibliography Steve Blank Startup Resources Steve Blank Entries RSS | Comments RSS Categories Air Force (9) Ardent (9) Big Companies versus Startups: Durant versus Sloan (29) California Coastal Commission (3) Conservation (2) Convergent Technologies (1) Customer Development (98) Customer Development Manifesto (22) E.piphany (6) ESL (7) Family/Career (21) Market Types (9) Marketing (17) MIPS Computers (1) Rocket Science Games (7) Secret History of Silico

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Cracking The Code: Unveilling of the Bessemer's 10 laws of Cloud.

Cracking the Code

Cracking The Code. Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. Tuesday, November 10, 2009. Unveilling of the Bessemers 10 laws of Cloud Computing and SaaS - Winter 2010 Release. When we first published the Bessemer’s Top 10 Laws for Being “SaaS-y" on Sandhill.com almost two years ago in conjunction with our annual Cloud/SaaS CEO Summit, we were overwhelmed with the positive response and feedback we received.

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Fighting an Asymmetrical Cyber War– Why We Need to Take A Different Approach

Pascal's View

The current issue of Foreign Affairs features an important essay by Wesley Clark and Peter Levin (see bios below), Securing the Information Highway- How to Enhance the United States’ Electronic Defenses. General Clark and Mr. Levin not only succinctly summarize the fact that America remains “an easy target”, especially for “electronically advanced adversaries”, they spend a considerable amount of time on the topic of supply chain assurance and the massive challenge

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Matching Algorithm

SoCal CTO

Because I was the Acting CTO for eHarmony at it's start, I quite often get introduced to people who have an idea for a startup company that is based on some kind of matching algorithm. They describe the company as the eHarmony of careers, clothes, jobs, college, tutoring services, doctors, service companies, investments, etc. In fact, you can get a good idea of these various things by just searching on Google for "eHarmony of" startup.

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Highlights from the 2009 Business of Software Conference

Software By Rob

Software by Rob Passionate about Startups and MicroISVs Lessons Learned by a Serial Entrepreneur home about press micropreneurs archives ← My Pecha Kucha Presentation at the 2009 Business of Software Conference Debt, Equity and a Third (and Fourth) Thing that Might Work Better → Highlights from the 2009 Business of Software Conference Cool News, Links & Reviews If youre trying grow your startup youve come to the right place.

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Don’t Roll out the Red Carpet on the Way out the Door

Both Sides of the Table

This is part of my Startup Advice series. Before I started my first company in 1999 I worked for Andersen Consulting (now Accenture). One of the things I noticed was that when really talented people – The “A players&# – wanted to quit, the firm would quickly scramble to try and keep that person from resigning. Suddenly it was star treatment and all sorts of promises about the future.

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Relentless – The Difference Between Motion And Action

Steve Blank

Home Books for Startups Secret History-Bibliography Steve Blank Startup Resources Steve Blank Entries RSS | Comments RSS Categories Air Force (9) Ardent (9) Big Companies versus Startups: Durant versus Sloan (29) California Coastal Commission (3) Conservation (2) Convergent Technologies (1) Customer Development (98) Customer Development Manifesto (22) E.piphany (6) ESL (7) Family/Career (21) Market Types (9) Marketing (17) MIPS Computers (1) Rocket Science Games (7) Secret History of Silico

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Cracking The Code: New SaaS 13 Index: Welcome to LogMeIn.

Cracking the Code

Cracking The Code. Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. Tuesday, November 10, 2009. New SaaS 13 Index: Welcome to LogMeIn (Nasdaq: LOGM)! While poised with a limited number of transactions this year, the world of public Cloud Computing and SaaS companies has been marked by two events in the past few months: the acquisition of Omniture by Adobe and the high profile IPO of LogMeIn, a leading provider of PC remote access a

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ProfessorVC: Can Entrepreneurship Be Taught?

Professor VC

ProfessorVC. The last blogger in Silicon Valley. Thursday, November 19, 2009. Can Entrepreneurship Be Taught? I attended the annual LP meeting for a venture capital firm this week and got into a discussion about the above question. Seems like a good question to ponder given that I spend several hours each week as a professor of Entrepreneurship. At a high level, I definitely agree that being an entrepreneur and being in school dont necessarily mix.

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Negative Customer Acquisition Costs - Creative Startup Marketing Ideas - Eric David Greenspan

SoCal CTO

I’ve recently had a chance to reconnect with Eric David Greenspan ( LinkedIn , Twitter ) He’s the CEO of Make It Work a high quality, personal, high touch technology service provider for homes and small businesses. He’s done several startups and is a board member of the Technology Council of Southern California (which is where I met him originally).

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RSS Troubles (FeedBurner)

Software By Rob

Software by Rob Passionate about Startups and MicroISVs Lessons Learned by a Serial Entrepreneur home about press micropreneurs archives ← Crowdsourcing Your Product Name My Pecha Kucha Presentation at the 2009 Business of Software Conference → RSS Troubles (FeedBurner) About this Blog If youre trying grow your startup youve come to the right place.

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5 Tips to Becoming a More Customer Centric Organization

Both Sides of the Table

Turn Your Organization Inside Out. This is part of my ongoing posts on Startup Advice. The world has changed much since I started my first company in 1999. As organizations we have become more open and I believe this is great for businesses and their customers. In the first 4 years of running BuildOnline we were an “Outside In&# organization.

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Customer Development: Past, Present, Future

Steve Blank

Home Books for Startups Secret History-Bibliography Steve Blank Startup Resources Steve Blank Entries RSS | Comments RSS Categories Air Force (9) Ardent (9) Big Companies versus Startups: Durant versus Sloan (29) California Coastal Commission (3) Conservation (2) Convergent Technologies (1) Customer Development (98) Customer Development Manifesto (22) E.piphany (6) ESL (7) Family/Career (21) Market Types (9) Marketing (17) MIPS Computers (1) Rocket Science Games (7) Secret History of Silico

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How to Work with the Media for Free Publicity

Rembrandt Communications

You’ve got an interview scheduled with a key media venue. Great! To have a good experience and improve your chances of being quoted correctly, follow these helpful tips: 1) Know your company. - Review your company’s website, history and key events. - Understand your company’s marketing messages, key practices, products, and services.

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New York: three straight days of Lean Startup (two of which are free)

Startup Lessons Learned

Lessons Learned by Eric Ries Thursday, November 12, 2009 New York: three straight days of Lean Startup (two of which are free) Greetings from Europe, where Im just wrapping up an incredible (and exhausting) speaking tour. Ive been so busy with talks and travel that I havent had much chance to post updates to the blog, but many of the events here have had video, and I will try and post details soon.

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Early Stage Marketing and Branding – Farida Fotouhi

SoCal CTO

I've known Farida for quite a while. Maybe ten years. She is a go to person for me when I have questions around technology or early stage marketing and branding. I hadn't talked to her in a while and then because of a presentation I did around Social Media for Service Professionals she and I reconnected. It has been fun to get to know her again. And I'm looking forward to more interaction now that she's blogging.

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You Hardly Ever Fail Because of Your CTO

Babbling VC

This has been said many times before but I'll say it again. It's not about technology or innovation. It's all about customers and sales. I've noticed recently that you have lots of entrepreneurs always pitching their newest "mousetrap". Unfortunately, the discussion about how you're going to find customers for your product and sell it to them comes late or never.

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How to Deal with Skeletons in your Closet

Both Sides of the Table

This is part of my series with Advice on Raising Venture Capital. I recently wrote a post on how to Deal with your Elephants in the Room during your VC meetings. Elephants being big issues that the VC will be thinking whether you bring it to his/her attention or not. My advice with Elephants was that you need to take them head on in your first VC meeting because the VC is already thinking about the issue whether you bring it up or not.

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Closure

Steve Blank

Home Books for Startups Secret History-Bibliography Steve Blank Startup Resources Steve Blank Entries RSS | Comments RSS Categories Air Force (9) Ardent (9) Big Companies versus Startups: Durant versus Sloan (29) California Coastal Commission (3) Conservation (2) Convergent Technologies (1) Customer Development (98) Customer Development Manifesto (22) E.piphany (6) ESL (7) Family/Career (21) Market Types (9) Marketing (17) MIPS Computers (1) Rocket Science Games (7) Secret History of Silico

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Have a Bad Day? Be Thankful.

Rembrandt Communications

Ok. So it’s 5:00 a.m., and I walk to the kitchen to get a cup of coffee with my eyes half open. Ugh! I forgot to put coffee into the machine last night, and there is just a pot of hot water waiting for me. Oh well. I’ll make a fresh batch and use the [.].

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$5k to pitch your business? Who falls for this??

VC Adventure

The NY Times is reporting today on the question of entrepreneurs paying to pitch their companies to prospective investors - “Should Start-Ups Pay to Pitch?”. Highlighted in the piece is a Boston-based group – Revolutionary Angels – that charges companies $4,995 to enter their “business plan competition” (the winner of the competition receives an investment from the group).

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SEO for Startups

SoCal CTO

I recently had a conversation with an pre-launch startup where they discussed how SEO was going to be really important for them. They went on to describe a fairly common type of site that has some original content, but not much. They are in a space where there is lots of search traffic, but they didn't have anything particularly interesting to say about how they were going to get ranked.

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It's Not About Paychecks. It's About Equity!

Babbling VC

I've often made the dating reference when it comes to VC's and entrepreneurs. Well, there's one further point which I want to make clear, although to many it's obvious. After we invest, we want to eventually sell our stake. Be it via an IPO or a trade sale, we eventually want out. This means that our premise for investing is taking the money we initially invest and increasing it tenfold or better.

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The Case for In-Stream Advertising

Both Sides of the Table

The topic of whether in-stream advertising has heated up. I just read well written pieces on the topic by Ross Kimbarovsky , Robert Scoble , Paul Carr and the NY Times. I myself recently covered the topic when I spoke about why GRP Partners invested in Ad.ly. Let me lay out my defense of In-Stream Advertising because I believe the topic is really important. 1.

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Raising Money Using Customer Development

Steve Blank

Home Books for Startups Secret History-Bibliography Steve Blank Startup Resources Steve Blank Entries RSS | Comments RSS Categories Air Force (9) Ardent (9) Big Companies versus Startups: Durant versus Sloan (29) California Coastal Commission (3) Conservation (2) Convergent Technologies (1) Customer Development (98) Customer Development Manifesto (22) E.piphany (6) ESL (7) Family/Career (21) Market Types (9) Marketing (17) MIPS Computers (1) Rocket Science Games (7) Secret History of Silico

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Why Aren’t People Reading Your Blog?

Rembrandt Communications

Many new clients tell me that they have a blog, but no one is reading it. Other clients ask me if they need a blog. Well, if you have a blog, or are wondering if you need one, you may have these questions: What’s the point? Before you start writing, figure out why you want [.].

PR 113
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News Corp is spoiling Google’s fun (not to mention ours)

VC Adventure

So it’s really come down to this? News Corp is thinking about inking a deal with Microsoft/Bing whereby not only will Bing get access to News Corp data (WSJ, Fox, etc.) but they’ll also prevent Google from indexing their sites. This sounds like a lose/lose/lose/lose proposition. News Corp loses - fewer page views, less revenue for their online content, and to the 90% of Internet users who use Google for search their properties will effectively stop existing.

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Attorney and Startup Business Advisor – Aaron Shechet

SoCal CTO

I recently got together with Aaron Shechet and an early stage startup to discuss the direction the company might want to take. It was a great conversation and I thought it would be a good idea to do some visible networking with Aaron to get to know him better. Tell me a bit about your background. I grew up in Los Angeles and went to undergrad at UC Santa Barbara, graduating in 2003 with Honors in Economics.

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Can't We All Just Get Along? (VC's & Entrepreneurs)

Babbling VC

Fred Destin has an interesting post up today where he is asking his readership to let him know why VC's and entrepreneurs have become such enemies. I have to admit I too have been sensing an ever growing gap between VC's and entrepreneurs and oftentimes find it completely unfounded. At the same time, I've seen so much poor behavior from both sides of the coin that it doesn't surprise me.

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Deal with Your Elephant in the Room

Both Sides of the Table

This is part of my series on Raising Venture Capital. There’s an old saying that if I’m talking with you and I start the conversation by saying, “whatever you do, DO NOT think about Elephants &# then you can’t help but thinking about elephants while we’re speaking. It’s called “The Elephant in the Room&# and there’s a lot of truth in this adage.