June, 2017

Tesla Lost $700 Million Last Year, So Why Is Tesla’s Valuation $60 Billion?

Steve Blank

Automobile manufacturers shipped 88 million cars in 2016. Tesla shipped 76,000. Yet Wall Street values Tesla higher than any other U.S. car manufacturer. What explains this more than 1,000 to 1 discrepancy in valuation? The future.

Go For Culture Add, Not Culture Fit

Feld Thoughts

I’ve come to despise the phrase “culture fit.” ” I don’t remember when I first heard it, but it was many years ago. Over time, it became woven into the world of entrepreneurship, as companies used it as a primary frame of reference for hiring.

Hiring 130

Trending Sources

Doing The Heavy Lifting

A VC : Venture Capital and Technology

Most venture capital investments are made, over time, by syndicates. This means a group of venture capital firms develops around a company, usually built over multiples rounds. Some of the firms in the syndicate agree to (or require) having a partner from their firm join the Board of the company. If you look at the roughly dozen boards I am on, most of them have multiple venture capitalists on them.

Guest Post: Introducing The Customer Happiness Canvas

Grasshopper Herder

The Customer Happiness Canvas is a tool for teams to visualize strategies for getting and keeping customers. The post Guest Post: Introducing The Customer Happiness Canvas appeared first on GrasshopperHerder.com.

10 Guidelines For Storytelling To Hype Your Startup

Startup Professionals Musings

The entrepreneur’s challenge is to effectively communicate their value proposition, not only to customers, but also to vendors, partners, investors, and their own team. Especially for technical founders, this is normally all about presenting impressive facts. But in reality facts only go so far.

Chad 68

More Trending

Open Source Funding Documents

A VC : Venture Capital and Technology

Cooley, one of the top startup law firms, has open sourced the legal documents required to do a Series Seed or Convertible Note financing. They are available on Cooley’s CooleyGo document generation platform and also on GitHub. Kudos to Cooley for doing this. We need to make the transaction costs of getting a financing done as low as possible and putting the legal docs into the public domain is a great step forward in doing that.

The UrbanTech Movement is Transforming Cities

Gust

Urbanization is a defining process of modern life. More than half of the world’s population now lives in cities, and the number of urban citizens around the world is projected to rise to 66% by 2050.

If You Can’t Find An Angel Investor, Look Again, Here

Startup Professionals Musings

If your startup is looking for an angel investor, it makes sense to present your plan to flocks of angels, and assume that at least one will swoop down and scoop you up. Or does it? Actually numbers and locations are just the beginning.

21 Entrepreneurs Explain Their Favorite Songs to Get Them Motivated

Hearpreneur

Music can change your spirit. If you’re having a bad day and listen to your favorite song, it can change your entire mood. Music can also help you to get through difficult moments in life. One of the hardest things anyone can ever do is start and run a business.

Dalhousie University Commencement Speech – 2017

Steve Blank

Light a path for the better angels. Thank you, Chancellor McLellan, President Florizone, Dean Charlebois, Dr. Hewitt, and Dr. Kilfoil for the invitation to speak today and thank you for the honorary degree. I’m honored to speak at a university whose motto is: Pray and Work.

Does VC Fund Differentiation Matter?

Feld Thoughts

I’ve met and emailed with many pre-seed and seed GPs in the past year. Over sushi last night with two of them, who are also long-time friends, one of them asked me “Brad, how do you think we are differentiated?” ” This generated a rant from me that went something like this.

Stop All Social Media Activity (Organic) | Solve For A Profitable Reality

Occam's Razor

Life is short. It is time to point out an ugly truth, and to be the brave person that you are, the intelligent rational assessor of reality that you are, and kill all the organic social media activity by your company. All of it. Seems radical, but let’s take it one step at a time.

What You Can Do To Make Customer Care Your Most Effective Marketing Strategy

YoungUpstarts

by Andrew Tillery, Marketing Director for MAP Communications. What if improving your customer service was all it took to generate more sales and grow your business? No gimmicks, no flashy promotions, no big advertising campaigns; just a dedication to improve the way you treat your customers.

6 Ways To Spot Innovative Thinkers For Your Startup

Startup Professionals Musings

Entrepreneurs are usually highly creative and innovative, but many innovative people are not entrepreneurs. Since it takes a team of people to build a great company, the challenge is to find that small percentage of innovative people, and then nurture the tendency, rather than stifle it.

28 Entrepreneurs Reveal What Entrepreneurship Means to Them

Hearpreneur

Being an entrepreneur is a source of pride. It also evidences an individual with a huge amount of discipline and focus to be able to build a business a lot of times from just an idea. It is the ambition of an entrepreneur that built the most profitable and successful companies.

LLC 48

Hacking for Defense @ Stanford 2017 – Lessons Learned Presentations

Steve Blank

We just finished our second Hacking for Defense class at Stanford. Eight teams presented their Lessons Learned presentations. Hacking for Defense is a battle-tested problem-solving methodology that runs at Silicon Valley speed.

Video 91

Learn To Do Everything Lightly

Feld Thoughts

An hour into dinner last night with Alex Rigopulos, he picked up his phone, tapped away at it for a few seconds, and slid it across the table to me. I then read the following: “It’s dark because you are trying too hard. Lightly child, lightly. Learn to do everything lightly. Yes, feel lightly even though you’re feeling deeply. Just lightly let things happen and lightly cope with them. I was so preposterously serious in those days, such a humorless little prig.

The Evolution of THE STARTUP WAY Cover

Startup Lessons Learned

Guest post by Marcus Gosling, VP of Product, Long-Term Stock Exchange. I’m excited to reveal the final cover for Eric’s next book, THE STARTUP WAY , coming October 17.

3 Lessons From High Achievers On Work-Life Balance

YFS Magazine

Take a look at 3 valuable lessons from high-achievers who have successfully maintained fulfilling personal lives while advancing in their career. Lifestyle lifestyle success advice work-life balance

45

5 Reasons Entrepreneurs Need To Highlight Small Wins

Startup Professionals Musings

Managing and motivating a team in a startup is more than just using the right interpersonal skills. It’s more than providing recognition, tangible incentives, and clear work goals.

7 Content Marketing Tips For Small Business Owners

YoungUpstarts

by Keval Padia , co-founder and CEO at Nimblechapps. What makes aspiring small businesses different from their big brothers is that they have an insufficiently small budget to fulfill big dreams. But interestingly, such dreams are worthy enough in the level playing field of content marketing.

We Have A Moral Obligation

Steve Blank

I was in Boston and was interviewed by The Growth Show about my current thinking about innovation in companies and government agencies.The interviewer was great and managed to get me to summarize several years of learning in one podcast. It’s worth a listen. At the end of the interview I got surprised by a great question – “What’s the Problem that Still Haunts You?” ” I wasn’t really prepared for the question but gave the best answer I could on the fly.

I Don’t Accept This Apology

Feld Thoughts

I don’t believe that one starts an apology with the sentence “ The past 24 hours have been the darkest of my life.” In my world, the apology is to another person. It’s not a tone setting exercise, or a plea for sympathy, for the one making the apology. I was fuming after seeing the public apology on Axios from Justin Caldbeck. I could be wrong, but it felt like it was written by a crisis management PR firm. I spent most of Friday evening angry and upset. Embarrassed by the behavior of some men.

Should Startups Care About Profitability?

Both Sides of the Table

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. One of them is whether profitability matters.

Canada's Housing Situation

Chaganomics

While some say Canada is experiencing a bubble (Vancouver/ Toronto) others are stating that Canada is now finding her footing. Asian money is flowing in clearly to BC and global money - from Iran to Russia - is said to be flooding Toronto.

4 Traits To Strive For To Make You An Extreme Leader

Startup Professionals Musings

By definition, most entrepreneurs are thought leaders. They have the ability to recognize a market need, the skills to design and implement a solution, and the drive to start a business from that solution. It all comes from within themselves.

How To Avoid Costly Mistakes When Staffing Your Finance Team

YoungUpstarts

by Michael Burdick, CEO of Paro. When it comes to financial activities, trust and credibility matter. They affect how well your financial team performs, your company’s reputation, and, ultimately, its bottom line.

Theres gold in them thar piles of contracts

deal architect

The category of Contract Lifecycle Management (CLM) software has been rapidly evolving from its document management and audit roots to automation of complex legal language and sophisticated measurement of exposure to risk. That came out loud and clear when I. Silicon Collar Vertical Markets (Banking, Retail etc

Women Forward in Technology Scholarship Program

Feld Thoughts

Are you a woman who is an undergraduate or graduate student enrolled full-time at an accredited university in the US, in a STEM field? If you are, you now have an opportunity to apply for a Women Forward in Technology Scholarship. Distil Networks just led a group of us, including Foundry Group, Techstars, Cooley, Yesware, Help Scout, Cloudability, Kulesa Faul, FullContact, and Anchor Point Foundation, to raise $50,000 to advance female representation in technology.

What is the Right Burn Rate for your Startup?

Both Sides of the Table

One of the hardest decisions entrepreneurs make when they start a company and raise outside capital is figuring out what an acceptable “burn rate” is.

27 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

Each business has a story. No matter if the business is a Goliath like Wal-Mart, or a local business owned by a couple or family, the business has roots in an idea. For each business owner, the story of their journey can range from monetary needs or the passion for a unique project.

10 Behavioral Tips To Raise Your Cool Factor At Work

Startup Professionals Musings

Every business professional needs to stay cool under pressure, to be a top performer, and for the sake of their own health. Yet everyone has a melting point – a critical threshold where pressure causes them to respond irrationally.

8 Tips For Online Startups To Improve Customer Experience

YoungUpstarts

In a physical environment like a cafe or a restaurant, people recognise that there are external factors that affect their experiences and that these factors are out of a business control. Hence they naturally have a lower standard for what is deemed a satisfactory experience.

How to Use Texting for Your Small Business (Plus Infographic)

Up and Running

From sales and marketing to internal memos, text messaging is one of the best ways for modern small businesses to communicate. Most smartphone users have their devices in-hand 93 percent of their waking life. 90 percent of the time, people read texts within three minutes of receiving them.

SMS 42