Remove Bootstrapping Remove Business Model Remove Channel Remove Product Development
article thumbnail

Strategy Roundtable: Spotlight On Jacksonville, Florida

ReadWriteStart

Eric has done some technology scouting, and believes he can deliver on the specs of the product. The problem, however, is that he is assuming that an investor would fund the product development. Even seed investors generally fund businesses that are already rolling. Investors rarely fund concepts. SustanAbin.

article thumbnail

Lessons Learned: Validated learning about customers

Startup Lessons Learned

What matters is proving the viability of the company’s business model, what investors call “traction.&# Of course this is not at all true of many profitable small businesses, but they are not what I mean by startups.) In fact, this company hasn’t shipped any new products in months.

Customer 167
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

25 Entrepreneurs Discuss The Technologies That Will Have the Biggest Impact On Entrepreneurship

Hearpreneur

Technologies that promote remote working and make the experience more productive for both businesses and employees will have the biggest impact on entrepreneurship. Remote working is here to stay, and entrepreneurs will continue adapting their business models to this new reality. 11- AI-led Video Content Development.

article thumbnail

It's a startup, not a spreadsheet

Startup Lessons Learned

She has a separate team, with its own culture and office, and a mandate straight from top management to innovate without regard to the company’s historic products, channels, or supply chain. For example, say that your business model calls for a 4% conversion rate – as ours did initially at IMVU.

article thumbnail

Strategy Roundtable For Entrepreneurs: Non-dilutive Financing Through Revenue Sharing

ReadWriteStart

This partnership speaks to a core philosophy of the program where we encourage entrepreneurs to get as much customer validation as possible before raising too much money, use other people's channels if you can get to them, don't burn too much cash, and all that good fiscal conservative stuff. SOCO Games.

Dilution 114
article thumbnail

The #1 thing successful founders think about for their next startups

Hippoland

In other words, if you can get 1000 people to come to your website consistently for under $5, then this business model works for you. So you will likely get outspent on any paid marketing channel you may use to drive traffic to you at scale if there are other people trying to drive traffic to the same property.

Founder 48
article thumbnail

The #1 thing successful founders think about for their next startups

Hippoland

In other words, if you can get 1000 people to come to your website consistently for under $5, then this business model works for you. So you will likely get outspent on any paid marketing channel you may use to drive traffic to you at scale if there are other people trying to drive traffic to the same property.

Founder 48