Startup Professionals Musings

JANUARY 6, 2021

Based on my experience advising new entrepreneurs as well as more mature businesses, I recommend the following strategies for building business momentum, while still optimizing the limited resources of every small business: Find more customers that like what you do best. The company has since gone public, and is still a market leader.

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Technical Review Technical Cofounder Advisory Board Cofounder 400

Startup Professionals Musings

OCTOBER 9, 2023

Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. Products too expensive for the market won’t succeed, and prices too low will leave you exposed. Match with competitor prices and market demographics.

Technical Review 220

Technical Review Advisory Board Software Review Business Model 220

Startup Professionals Musings

JANUARY 30, 2021

Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. Products too expensive for the market won’t succeed, and prices too low will leave you exposed. Match with competitor prices and market demographics.

Technical Review 399

Technical Review Product Advisory Board Business Model 399

Startup Professionals Musings

JANUARY 18, 2020

They couldn’t possibly understand the new social media culture, new technologies, or have the determination to beat their younger counterparts in the market. Pew says the Boomer demographic is the largest mainstream pool of experienced talent in the market today, and will be for the foreseeable future. Member of the Advisory Board.

Advisory Board 312

Advisory Board Startup Dividend Angel Investor 312

Startup Professionals Musings

NOVEMBER 26, 2022

One of the myths I often hear as an advisor to many entrepreneurs is that their lifestyle would somehow be better if they could more easily find other people’s money to build their startup. Most entrepreneurs never forget for a moment that having investors means owing money, even if they can legally argue that equity is not debt.

Cost 267

Cost Bootstrapping Advisory Board Startup 267

Startup Lessons Learned

OCTOBER 26, 2009

Lessons Learned by Eric Ries Monday, October 26, 2009 A real Customer Advisory Board A reader recently asked on a previous post about the technique of having customers periodically produce a “state of the company&# progress report. One example is having a real Customer Advisory Board.

Advisory Board 151

Advisory Board Customer San Francisco Lean 151

Startup Professionals Musings

NOVEMBER 1, 2014

They couldn’t possibly understand the new social media culture, new technologies, or have the determination to beat their younger counterparts in the market. Gallup says the Boomer demographic is the largest and still growing mainstream pool of experienced talent in the market today (76 million people strong).

Entrepreneur 266

Entrepreneur Advisory Board Dividend Angel Investor 266

Startup Professionals Musings

DECEMBER 25, 2022

Unfortunately, many entrepreneurs seem to prefer to fail their way to the top, rather than do some research and learn from the successes and mistakes of others. In general I try to focus on the positives and tell entrepreneurs what works, but sometimes it’s important to reiterate the common things that simply don’t work.

Technical Review 250

Technical Review Advisory Board Due Diligence Silicon Valley 250

Startup Professionals Musings

NOVEMBER 4, 2022

Yet every entrepreneur I meet wants to talk about the idea, and rarely mentions the team. Thus I was happily surprised when I found the classic book, “ The Tech Entrepreneur’s Survival Guide ,” by Bernd Schoner, PhD, and cofounder of ThingMagic, which leans heavily on the people side of the equation. The financial suit.

Technical Cofounder 309

Technical Cofounder Cofounder Advisory Board Startup 309

Startup Professionals Musings

FEBRUARY 29, 2020

One of the myths I often hear as an advisor to many entrepreneurs is that their lifestyle would somehow be better if they could more easily find other people’s money to build their startup. Most entrepreneurs never forget for a moment that having investors means owing money, even if they can legally argue that equity is not debt.

Bootstrapping 310

Bootstrapping Advisory Board Venture Capital Startup 310

Startup Professionals Musings

NOVEMBER 1, 2021

Every entrepreneur and business owner I know has had more setbacks than they would like to admit, in this age of rapid change and constant surprises, like the current pandemic. Rather than get angry and upset, fall back to your initial process for evaluating markets, customer needs, and financial implications.

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Advisory Board Leadership Customer Developer 317

Startup Professionals Musings

MARCH 30, 2020

Unfortunately, many entrepreneurs seem to prefer to fail their way to the top, rather than do some research and learn from the successes and mistakes of others. In general I try to focus on the positives and tell entrepreneurs what works, but sometimes it’s important to reiterate the common things that simply don’t work.

Technical Review 314

Technical Review Advisory Board Due Diligence Silicon Valley 314

Startup Professionals Musings

SEPTEMBER 30, 2013

I hear a lot of entrepreneurs contemplating their great “idea” for several years with little discernable progress, and looking for money to start. Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction.

Intellectual Property 281

Intellectual Property Entrepreneur Sweat Equity CTO Hire 281

Startup Professionals Musings

NOVEMBER 5, 2014

Unfortunately, many entrepreneurs seem to prefer to fail their way to the top, rather than do some research and learn from the successes and mistakes of others. In general I try to focus on the positives and tell entrepreneurs what works, but sometimes it’s important to reiterate the common things that simply don’t work.

Technical Review 274

Technical Review Entrepreneur Advisory Board Due Diligence 274

Startup Professionals Musings

FEBRUARY 9, 2020

Yet every entrepreneur I meet wants to talk about the idea, and rarely mentions the team. Thus I was happily surprised when I found the classic book, “ The Tech Entrepreneur’s Survival Guide ,” by Bernd Schoner, PhD, and cofounder of ThingMagic, which leans heavily on the people side of the equation. The financial suit.

Technical Cofounder 308

Technical Cofounder Cofounder Advisory Board Stock Options 308

Steve Blank

SEPTEMBER 16, 2010

Along the way I also learned yet another way entrepreneurs see the world differently from their investors. Advisory Board. At one of our initial board meetings we had agreed on the general principle of an advisory board and put together an overall stock budget to compensate advisors. Thanks But No Thanks.

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Advisory Board Part-Time VPE CTO Hire Stock 264

Steve Blank

OCTOBER 19, 2009

I would discover that there was a more effective alternative in building a marketing department than hiring traditional marketers with MBA’s. .&# I would discover that there was a more effective alternative in building a marketing department than hiring traditional marketers with MBA’s. Context here.)

Engineer 221

Engineer Silicon Valley Part-Time VPE Advisory Board 221

Hearpreneur

APRIL 12, 2019

Being in love with your business, when you’re an entrepreneur, is even better. Although there are days when tossing in your hat seems like a viable option, remembering how much you love your “job” can quickly snap an entrepreneur out of that mentality. We asked some entrepreneurs what they loved about “being their own boss.”. #1-

Entrepreneur 128

Entrepreneur St. Louis Florida Colorado 128

Steve Blank

OCTOBER 11, 2016

When they found out, they questioned my decision-making and me as an entrepreneur. How to recognize when it’s time to pull the plug on your startup idea, and why founders can’t operate afford to operate in a vacuum were the focus on today’s Entrepreneurs are Everywhere radio show. Dan Miller. Brian Zuercher.

Columbus 248

Columbus Entrepreneur Ohio Cofounder 248

Hearpreneur

DECEMBER 12, 2021

Business mentors are as old as the concept of entrepreneurs themselves. From Oprah and Maya Angelou to Steve Jobs and Mark Zuckerberg, famous mentorships have a powerful impact on the lives of entrepreneurs. We asked entrepreneurs and business owners about the role of a mentor in their business and here are the responses. #1-

Entrepreneur 125

Entrepreneur Technical Review Advisory Board Leadership 125

NZ Entrepreneur

APRIL 28, 2019

Here’s how to build a startup advisory board. And while it often seems more involved and complex than it is in reality, setting up an advisory board is something you should look to put in place in the early stages of your entrepreneurial venture. Selecting an advisory board is the tricky part.

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Advisory Board Early Stage Startup United States 67

Hearpreneur

FEBRUARY 8, 2023

As an entrepreneur, joining organizations or networking groups can allow you to connect with like-minded people who can provide you with information and support, and refer customers to you. The Young Entrepreneur Council (YEC) is an exclusive group for business owners under the age of 40. #6- These relationships are always useful.

Community 96

Community Architecture Entrepreneur Networking 96

Startup Professionals Musings

FEBRUARY 16, 2018

The market is changing so fast these days, and if you are not planning a solution today for tomorrow’s customers, you may be setting yourself up for failure and don’t even realize it. I often hear entrepreneurs who seem to rely wholly on their own passion, and the view of a few friends.

Customer 144

Customer Advisory Board Technical Review Angel Investor 144

Startup Professionals Musings

OCTOBER 17, 2018

This can happen through early marketing, independent of whether you have yet delivered a single product, proven your business model, or have any real customers. Assemble a credible inside advisory board and partners. A sure sign of no traction is a lone inexperienced entrepreneur looking for an investor.

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Advisory Board Technical Review Metrics Business Model 199

www.instigatorblog.com

MARCH 2, 2010

Home About Contact My thoughts & lessons learned on startups, entrepreneurship, marketing and other stuff. The Importance of Advisory Boards for Startup CEOs Tweet When a startup receives financing it will need to setup a Board of Directors. The Board probably existed beforehand, but was made up only of the founders.

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Advisory Board Startup Cofounder Equity 40

Startup Professionals Musings

AUGUST 7, 2021

Most entrepreneurs avoid setting up a board of directors for their new business unless or until they sign up an investor who demands a seat on the board. At most, one other senior insider would be appropriate, but a board that is dominated by insiders or family members with minimum business experience is generally not effective.

Advisory Board 362

Advisory Board IPO Government Acquisition 362

Startup Professionals Musings

JULY 8, 2020

Many startup founders I know avoid establishing a formal advisory board or board of directors for as long as possible, with the excuse that this is just another burden, or it has more risk than value to the founder. If you expect that board members will always agree, or always support you, then you are destined for trouble.

Advisory Board 336

Advisory Board Startup IPO Government 336

Steve Blank

JUNE 6, 2016

How to make corporate innovation work and drive success in startups were the topics of discussion with the guests on today’s Entrepreneurs are Everywhere radio show. He is a senior advisor to several multinational corporations and a recognized thought leader on corporate innovation, big data, cloud computing, and digital marketing platforms.

Silicon Valley 120

Silicon Valley Entrepreneur Fractional CTO Analytics 120

Startup Professionals Musings

MARCH 14, 2018

Unfortunately, many entrepreneurs seem to prefer to fail their way to the top, rather than do some research and learn from the successes and mistakes of others. In general I try to focus on the positives and tell entrepreneurs what works, but sometimes it’s important to reiterate the common things that simply don’t work.

Technical Review 158

Technical Review Advisory Board Due Diligence Silicon Valley 158

Hearpreneur

SEPTEMBER 23, 2022

Building a business venture has a lot of steps, and every entrepreneur has their own favorite among them. We asked Entrepreneurs what they liked the most. I would say that while a significant amount of investor capital is invested in research and development and concept concepts, the market only accepts things that are effective.

Entrepreneur 97

Entrepreneur Advisory Board Green Networking 97

Startup Professionals Musings

NOVEMBER 7, 2022

After many years in business, working in large companies as well as startups, I’m no longer surprised at why mature and successful companies struggle with introducing innovative new ventures as the market and environment changes. Make sure everyone comes with an entrepreneur mindset for real innovation.

Advisory Board 359

Advisory Board Incubator Dilution Agile 359

Steve Blank

OCTOBER 11, 2016

When they found out, they questioned my decision-making and me as an entrepreneur. How to recognize when it’s time to pull the plug on your startup idea, and why founders can’t operate afford to operate in a vacuum were the focus on today’s Entrepreneurs are Everywhere radio show. Dan Miller. Brian Zuercher.

Columbus 120

Columbus Entrepreneur Ohio Cofounder 120

The Next Web

OCTOBER 17, 2012

HubSpot , the company behind HubSpot 3, a “powerful, comprehensive, and tightly-integrated” all-in-one marketing software system, announced that serial entrepreneur and acclaimed author, Eric Ries , is joining the company’s Advisory Board.

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Advisory Board Lean Houston Marketing 117

YoungUpstarts

JUNE 4, 2019

The first post drilled down into the often-overlooked notion of “market-engineering” and why it’s so critical. Most early stage startups tend to do well in this area because entrepreneurs generally launch their startups believing they have a great product idea. What does this mean for their early stage investors? Revenue Architecture.

Framework 127

Framework Architecture Cleveland Early Stage 127

Version One Ventures

JULY 24, 2019

These individuals can be entrepreneurs, engineers, PMs, data scientists, designers, creatives, writers, students, etc. The primary responsibility will be to help manage the day-to-day activities of the fund, including: Identifying new and interesting entrepreneurs and companies that align with our investment thesis on network effects.

Technical Review 124

Technical Review Advisory Board Due Diligence LP 124

Startup Professionals Musings

JUNE 11, 2014

Yet every entrepreneur I meet wants to talk about the idea, and rarely mentions the team. Thus I was happy to see a new book, “ The Tech Entrepreneur’s Survival Guide ,” by Bernd Schoner, PhD, and cofounder of ThingMagic, which leans heavily on the people side of the equation. dream team entrepreneur startup technical'

Technical Cofounder 245

Technical Cofounder Cofounder Advisory Board Startup 245

Startup Professionals Musings

JULY 3, 2012

The challenges stem from the simple fact that every entrepreneur is starting something new, where things are predictably unpredictable. Add an advisory board or experienced mentor to reality-check your financial projections, timeframes, and milestones before you publish them. Strategically timid and haphazard marketing.

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Advisory Board Forecast Early Stage Product Development 240