September, 2017

How companies strangle innovation – and how you can get it right

Steve Blank

A shorter version of this post first appeared on the HBR blog. — I just watched a very smart company try to manage innovation by hiring a global consulting firm to offload engineering from “distractions.”

Some Thoughts On Burn Rates

A VC : Venture Capital and Technology

The startup and venture capital businesses are based on a general idea that you can and should invest heavily into your business in order to increase value creation, amplify it, and accelerate it. These investments mostly take the form of operating losses, driven by headcount, where the monthly expenses are larger, often much larger, than revenues. These losses are known in the industry vernacular as “burn rates” – how much cash you burn on a monthly basis.

Seattle Screenings of For Here or To Go?

Feld Thoughts

Amy and I have been big supporters of a movie about immigration called For Here or To Go? With our friends at Boundless , we are sponsoring a week of screenings in Seattle.

The Case For & Against Cryptocurrencies (for those tired of all the noise)

Both Sides of the Table

In more than a decade of writing about the Internet and tech-enabled businesses I’ve learned that mobs don’t do nuance well.

10 Negatives That Still Make Going Public A High Risk

Startup Professionals Musings

In the old days, every entrepreneur dreamed of easily taking their startup public, and making it big. Today the rate of startups going public (IPO – Initial Public Offering) is up from the dead zone, but is still half the rate of 15 years ago.

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All Entertainment in the Next Decade Is Digital Entertainment

View from Seed

Certain areas of the Everyday Economy , such as home and food , have been largely insulated from the internet and other technological forces. But one aspect of our daily lives has already changed dramatically since the dawn of the internet: How we are entertained. We now take for granted technologies that fairly recently seemed like far-off predictions, such as affordable and ubiquitous broadband along with smartphone penetration.

Removing the Roadblocks to Corporate Innovation – When Theory Meets Practice

Steve Blank

Innovation theory and innovation in practice are radically different. Here are some simple tools to get your company’s innovation pipeline through the obstacles it will encounter.

More Trending

Mesmerizing 30 Day Timelapse At Sea

Feld Thoughts

This is worth the full ten minutes. Sit back, relax, and be amazed. The post Mesmerizing 30 Day Timelapse At Sea appeared first on Feld Thoughts. Things I Like

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Why the Former President of Nickelodeon Joined mitú as CEO.

Both Sides of the Table

Why the Former President of Nickelodeon Joined mitú as CEO.

8 Attributes Of The Most Creative Startup Founders

Startup Professionals Musings

An entrepreneur is literally “one who creates a new business.” The best new businesses are ones that have never been done before, so mastering creativity and recognizing creativity are key skills and mindsets. But how does one recognize and nurture creativity in a person or team?

The Great Retail Reinvention: How the Internet Is Reshaping the Way We Buy Clothing

View from Seed

Apparel is currently one of the most fascinating categories within the Everyday Economy. It’s a $1T+ global industry undergoing tectonic shifts. We are currently seeing the most rapid collapse of retail since the Great Recession, due to the internet changing consumer demand and purchasing patterns. In 2017 alone, we’ve seen widespread store closures or bankruptcies from apparel retailers, including: True Religion. JC Penny. Macy’s.

Strategic Activities for a Company Retreat

A Smart Bear: Startups and Marketing for Geeks

I am planning a company retreat. What are some great questions we can work on as a company? cc @RNeivert @robwalling @asmartbear. — James Kennedy (@JamesKennedy) July 15, 2017. I happened to be sitting on the tarmac, delayed.

You Make Money With Wins, You Make Friends With Losses

A VC : Venture Capital and Technology

Brad Feld has a great post about the emotional toll of the collapse of the internet bubble. Near the end, he writes: When I reflect on my relationship with Seth, Jason, and Ryan much of the intense loyalty between us was forged in the period during and after the debacle that was the collapse of the Internet bubble. Some of my lifelong friendships, with people like Len Fassler, Dave Jilk, Jenny Lawton, Will Herman, Ilana Katz, and Warren Katz were solidified by the intensity of this time frame.

Book: Against Our Will: Men, Women and Rape

Feld Thoughts

“Men are afraid that women will laugh at them. Women are afraid that men will kill them.” – Margaret Atwood. A few weeks ago, after reading the New York Times Sunday Review article The Book That Made Us Feminists , I asked Amy for several recommendations for books that were foundational to the feminist movement. I purchased all that she suggested and added them to my infinite list of books to read.

“Convince Me” said the Investor. “No” said the Founder.

Hunter Walker

It’s in a founder’s natural disposition to want to convince people of their point of view.

7 Action Items For Introverts Starting New Ventures

Startup Professionals Musings

You can’t win as an entrepreneur working alone. You need to have business relationships with team members, investors, customers, and a myriad of other support people. That doesn’t mean you have to be a social butterfly to succeed, or introverts need not apply.

The Man Who Coined “Product-Market Fit” Shares Mental Models for Entrepreneurs [Traction #47: Andy Rachleff]

View from Seed

On the podcast today, NextView cofounder Rob Go sits down with Andy Rachleff, VC veteran and the president, CEO, and executive chairman of Wealthfront. They talk about how Andy came up with the term product-market fit, how he applied his own lessons (and updated them) in building Wealthfront, and the mental models founders can use to unlock their real unfair advantage in a tactics-obsessed world: how you think. Follow Andy on Twitter. Follow Rob on Twitter.

Is Passion Enough to Make Your Business Succeed?

Up and Running

To succeed as a small business owner and an entrepreneur, you need passion. That’s what led me to start my business, BlueVine , four years ago. BlueVine, which is based in Redwood City, California, offers online working capital financing to small- and medium-sized businesses in many industries.

Worry

A VC : Venture Capital and Technology

I remember when I was in my early 20s and just starting out in the venture capital business, I came across an old wall street saying that “a market climbs a wall of worry.” ” I didn’t understand it and that made me want to. I read a bit about the saying and came to understand that bull markets require an uneasy feeling. Worrying is a fundamental characteristic of most investors I know. Greed and fear are the two opposing elements of market forces.

Emotional Lessons From the Collapse of the Internet Bubble

Feld Thoughts

My friend Dave Jilk recently shared the following Robert Frost poem with me. Lodged. by Robert Frost. The rain to the wind said, ‘You push and I’ll pelt.’ ’ They so smote the garden bed. That the flowers actually knelt, And lay lodged–though not dead. I know how the flowers felt. That perfectly describes how 2001 felt to me. We now have at least one generation of VCs and entrepreneurs who didn’t experience the collapse of the Internet bubble.

5 Ways To Unleash The Full Potential Of Your Team

YFS Magazine

People are the life blood of your business. Therefore, creating a culture that taps into their potential should be a priority. Company Culture Grow company culture employee appreciation employee engagement workplace development

7 Ways To Be The New Venture Leader Investors Seek

Startup Professionals Musings

In the beginning all businesses are just people playing out an idea. It’s never the other way around – there is no idea so big that it doesn’t need people to make it succeed. Investors know this, hence the saying “Bet on the jockey (founder), not the horse (idea).”

An Essay On Bitcoin Pricing

Chaganomics

The concept of bitcoin is really fantastic. Groups of people join together sharing power and computer power and by virtue of the blockchain and its characteristics, you create more coins.

Build the Ultimate In-Store Customer Experience With These 5 Tips

Up and Running

Even though shopping online has never been more popular, you may be surprised to hear that many customers still prefer to shop in good old-fashioned brick-and-mortar stores.

Audio Of The Week: Andy Weissman on Twenty Minute VC

A VC : Venture Capital and Technology

In this podcast, my partner Andy talks a lot about USV’s investment process. It’s a good interview. VC & Technology

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Enjoy Every Day

Feld Thoughts

Ted Rheingold just passed away. He was an amazing guy beloved by many. Endlessly joyful, inspiring, and loving. His autoresponder (typos and all) is one for the books, and like great poetry, worth reading over and over. My cancer (ccRCC, metastic) has gotten the upper hand and I’ll be. putting all my resources into managing it. In my stread, please keep these very important messages in place: * be good to each other. enjoy evert day. wanting is suffering. *

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4 Ways To Improve B2B Client Relationships

YFS Magazine

Customer happiness isn’t easy. Most people think a great personality and a smile makes great service, but there’s more to it. Customer Service Grow client management client relations customer satisfaction

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10 Steps To Investing Successfully In New Ventures

Startup Professionals Musings

Investing in entrepreneurs and startups is a fun but different world from investing in conventional stocks, bonds, and commodities. First of all, it’s more of an investment in people than in a business, since the startup is usually an idea barely half-baked when they need your money.

How to Analyze Your A/B Test Results with Google Analytics (Updated)

ConversionXL

A/B testing tools like Optimizely or VWO make testing easy, and that’s about it. They’re tools to run tests, and not exactly designed for post-test analysis.

How to Create an Elevator Speech (With Examples)

Up and Running

An elevator speech is a 30- to 60-second answer to the question, “So, what do you do?” It’s a quick summary of your business and its value proposition. A great elevator speech will spark interest in your business and hopefully lead to a deeper conversation.

Motivational Hacks From 4 Successful Entrepreneurs

YoungUpstarts

Making money is the yardstick of success in Western culture. And for better or worse we seldom hear about inspirational people whose achievements measure well against different expectations.

Last Chance to Sign Up For The Fall 2017 Venture Deals Course

Feld Thoughts

Kauffman Fellows and Techstars are running another cycle of the Venture Deals course with me and Jason Mendelson. Signups close tomorrow as the course runs from 9/24/17 – 11/13/17. The course is free to everyone. The seven-week course, which is about five hours of work each week, has the following agenda. Week 1 – Introduction of key players/Form or join a team. Week 2 – Fundraising/Finding the Right VC. Week 3 – Capitalization Tables/Convertible Debt.

This Is The Difference Between A Wantrepreneur And An Entrepreneur

YFS Magazine

If you want to keep it real and prove to the world you aren’t another wantrepreneur, here's what you need to know and do now! Lead leadership personal development success advice wantrepreneur

Startup Marketing Should Skip Traditional Advertising

Startup Professionals Musings

The power and influence of paid media advertising, including print ads, TV commercials, radio, and even online digital campaigns is waning, in favor of unpaid earned and owned messaging from your website, social media, key market influencers, and existing customer word-of-mouth.

24 Entrepreneurs Explain What They Love About Being An Entrepreneur

Hearpreneur

Being in love is great. Being in love with your business, when you’re an entrepreneur, is even better. Waking up each morning knowing you are getting to do exactly what you love is more than most people could ever say about any “job” they have had.

Give the Best Elevator Pitch Ever With a 3,000-Year-Old Technique

Up and Running

You’re riding in an elevator with just one other passenger and the guy looks familiar somehow. He smiles and you smile and he says something like, “Hey did you drop this?”

Ethanol Outlook September 2017

Chaganomics

Ethanol prices remained relatively unchanged over the past month, as increasing production in the U.S. and Brazil kept a tab on demand-induced upward price pressures. The spot price registered on 8 September was USD 1.64 per gallon. The price was 0.6%