YoungUpstarts
NOVEMBER 1, 2019
You need to engage in discussions and create the need of your products in order to tap into the right customer circles. It is a customizable, widget-driven, API-first community platform that enables users to discuss and connect under brand names. This can include code components, product specs, marketing plans, etc.
Both Sides of the Table
AUGUST 8, 2009
Traction can simply mean showing that you’re making progress with customers, product development, channel partners, initial revenue as a proof point, attracting well-known angel investors, winning industry awards / recognition. They tell you they’re going to ship product and they do. They hire key staff.
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Feld Thoughts
OCTOBER 28, 2011
He procrastinated for a few weeks because he was deep in product development, but surfaced a few days ago when he realized they had an investor meeting coming up and really should have at least a basic financial model ready in case the investor asked about it.
This is going to be BIG.
JULY 25, 2022
For example, you may decide that a small business needs a widget like yours (hypothesis) so you outbound to 100 of them (goals) with a vaporware deck to see if you could sell some pre-orders. Very quickly, those bullets turn into a few things: One or more hypotheses. Goals for early efforts to prove or disprove your hypotheses.
Steve Blank
MARCH 11, 2015
I just spent a day working with Bob, the Chief Innovation Officer of a very smart large company I’ll call Acme Widgets. for new product development that emphasize immediate returns. Bob summarized Acme’s impediments to innovation. “At At our company we have a culture that fears failure.
Startup Lessons Learned
OCTOBER 23, 2013
If I think I can sell 100 widgets at $10 apiece, and they cost me $5 to build and market, that''s a business model. But if my measurements show me that people will only pay $8 a widget, is that a failure? That''s why the most critical attribute of early-stage product development is the ability to learn quickly.
Up and Running
JULY 3, 2014
It might look like this: “We make the absolute-best purple widgets on the planet.”. “We We will export purple widgets.”. “We We will export purple widgets to France.”. “We We will consider making other type widgets, say in red, if a customer in France is large enough to justify the change.”. Next Week’s Extract.
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