Gust

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Scaling a Business by Cloning Yourself is Tough

Gust

In addition, the statistics show that over half of new startups, perhaps as high as 75%, provide services only (no product). Another reality is that angel investors and venture capital groups almost never invest in a services-only company.

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Investors Fund Solutions Rather Than Technology

Gust

Too many entrepreneurs develop a new product without regard for market demand , then build an entire strategy based on creating a need, rather than acting on an existing market need. Investors characterize this approach as a “solution looking for a problem.” These don’t get funded.

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Investors Like Ideas, But Measure You On Execution

Gust

After the idea, it’s all about execution. I often hear from investors that a great idea is necessary, but not sufficient. The most important thing is a proven team , meaning one who has built a startup before, and has experience with the execution process in this domain.

Cost 114
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The Rhythm Method of Product Iteration

Gust

But one crucial one that you can implement might be called the “Rhythm Method”: imparting a well-known beat to your product and service upgrades. Of course, Steve Jobs left us a lot of incredible lessons. Unfortunately, some of the really key ones, like “Be a genius”, can be tough to execute (I’ve been trying for years).

Product 70
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Of Birchbox and Bricks

Gust

Without a doubt, Birchbox is one of the hottest startups on the planet right now. They are mentioned in any print, website, or television content concerning beauty, startups, New York, great entrepreneurs, women leaders , or the next generation of IPOs. So, its almost impossible to avoid them.

IPO 70