Sat.Feb 13, 2010 - Fri.Feb 19, 2010

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73.6% of all Statistics are Made Up

Both Sides of the Table

How to Interpret Analyst Reports. The headlines in the media are filled with that latest stats. Stats sell. The stats are often quoted from the latest reports. People then parrot them around like they’re fact when most of them are complete bullsh*t. People throw them around at cocktail parties.

My experiments in lean pricing

Venture Hacks

This guest post is by Ash Maurya , a lean entrepreneur who runs a bootstrapped startup called CloudFire. If you like it, check out Ash’s blog and his tweets @ ashmaurya. What you charge for your product is simultaneously one of the most complicated and most important things to get right.

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2009 First VC Investments in Israel Down 50 Percent

VC Cafe

T erra Venture Partners, a $25 million fund made the most first investments in 2009 (6 deals) followed by Carmel, Giza, JVP, Magma, Pitango, Sequoia and TriVentures (another small fund with $25 million under management), who all made 5 first time investments.

Common Contract Terms: Indemnification

VC Ready Blog

If you own your own business, sooner or later you’ll encounter a contract with legal terms that will send you scrambling for a dictionary (or a lawyer). We can’t rid the world of legalese (believe it or not, there’s often a good reason for it), but we can try to make reading legal documents a little less mind-numbing by describing a few concepts that appear in almost every contract you’ll ever read and explaining why they may matter to you.

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App is Crap (why Apple is bad for your health)

Both Sides of the Table

Absolute Power Corrupts, Absolutely. I was living in Europe in 2000 when the first WAP phones (Wireless Access Protocol) were introduced. These phones were so over hyped. They were going to bring the Internet to your mobile phones ushering in the era of “m-commerce.&# Gag.

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More Trending

I Would Only Fund an Entrepreneur with High Integrity

Both Sides of the Table

Back in November I agreed with Nivi over at VentureHacks to do a series on the ten most important attributes of a successful entrepreneur. This is the last post in that series. This is actually an addendum to my list rather than “on&# my list. That in itself will be controversial, I know.

How to optimize web apps with KISSmetrics

Venture Hacks

Thanks to KISSmetrics for supporting our interview with Sean Ellis. If you want an intro to KISSmetrics, send me an email. I’ll put you in touch if there’s a fit. Thanks. Hiten Shah from KISSmetrics recently sat down with me to discuss how to optimize funnels with their upcoming analytics tool, KISSmetrics. You may know Hiten from his Crazy Egg days and survey.io , which Hiten and I discussed in How to measure product/market fit with survey.io.

Understanding Liquidation Preferences

VC Deal Lawyer

A liquidation preference is exactly what it sounds like, priority treatment for certain stockholders upon the liquidation, sale, merger, IPO or dissolution of a company. It is a typical Series Preferred Stock right in venture financing transactions.

Sunk Costs: An invisible, pervasive peril

A Smart Bear: Startups and Marketing for Geeks

Many of my mistakes can be traced back to a failure to recognize and appreciate "sunk cost.". The term comes from economics: "Sunk Cost" is money you've already spent and cannot get back no matter what.

Nature vs Nurture and Entrepreneurship

A VC : Venture Capital and Technology

I went down to Philly yesterday and spent the afternoon with students and faculty at Wharton Entrepreneurial Programs, the entity that administers the entrepreneurship major/courses at Wharton and runs a bunch of fantastic "outreach" programs like the Venture Initiation Program. 

Oblong Dazzles More Than Just Me

Feld Thoughts

If you are a long time reader of this blog, you know that I’m a huge believer that the way we interact with computers in 20 years will be radically different than how we interact with them today.

MicroISV Digest – 02/13/2010

47 Hats

Community News: The 19th annual Software Industry Conference will be held this year in Dallas, Texas at the Hyatt Regency DFW, July 15-17, 2010. The conference runs each year from Thursday through Saturday. It is designed for both beginners and experienced Micro ISVs and internet marketers.

Don’t Let Your Ignorance Stop You

Entrepreneurs-Journey.com by Yaro Starak

This is the fourth article in a series on Positive Change. My goal with this series is to give you the tools necessary to manifest positive change in your reality, or simply put, to get what you want and eliminate what you don’t want in your life. Before you read this article, make sure you read the first three in the series in this order – Is It Really Possible To Create The Change You Want In Your Life? What I Can Teach You About Getting What You Want.

Permissionless Innovation and Patents

A VC : Venture Capital and Technology

My partner Brad Burnham wrote a post today explaining why he disagrees with  Nathan Myhrvold's recent Harvard Business Review piece  in defense his patent holding company, Intellectual Ventures. In the post, Brad talks about the power of "permissionless innovation" and says: The real reason the independent software industry emerged is that operating systems and APIs made it possible for independent software vendors to develop applications independently.

Love A Little Today

Feld Thoughts

Megan Sweeney , the awesome person who put together the TechStars Founders video series , put up a beautiful video of her golden retriever Owen explaining his Rules of Love. Owen’s rules of love are (1) Don’t limit your love, (2) Let yourself be loved, and (3) Never give up.

12 Months to your Business Launch

START-UP BUSINESS TALK

Two years ago I started a business that centered around the theme of helping aspiring entrepreneurs and start-ups create a business model within a year. Before that, I was working in banking and advising people to do the same. Why a year? Two reasons: 1) My "field" experience (if you want to call it that) has told me that it takes that time to at least get a structure around a business idea and 2.

New moderators and flair on Answers OnStartups

A Smart Bear: Startups and Marketing for Geeks

The startup community over at Answers OnStartups has really taken off! Dharmesh and I started it just a few months ago and it's already helped thousands of people. And vice-versa: For every question I've answered, there's another where I've learned something too.

How Unique Is A Unique Visitor?

A VC : Venture Capital and Technology

I access the web each day from at least seven browsers;  Chrome on my macbook pro,  Firefox on my macbook pro,  Chrome on my windows desktop in the office,  Firefox on our "kitchen laptop",  Safari on our "kitchen laptop",  The Android browser on my google phone,  The blackberry browser on my Blackberry 9700. I know that I am not your typical web user.

Are We Already Working For The Computers?

Feld Thoughts

After spending the last seven hours in front of my computer, a phrase came to mind that my brother Daniel recently said to me in response to reading The Singularity Is Near: When Humans Transcend Biology. Daniel said: “What if we we are already working for the computers?”.

Entrepreneurs are Survivors, Never Victims

Startup Professionals Musings

People with a victim mentality should never be entrepreneurs. We all know the role of starting and running a business is unpredictable, and has a high risk of failure. For people with a victim mentality, this fear of failure alone will almost certainly make it a self-fulfilling prophecy.

Death By Revenue Plan

Steve Blank

In my last post I described what happened when a company prematurely scales sales and marketing before adequately testing its hypotheses in Customer Discovery.

SeedStart NYC

A VC : Venture Capital and Technology

For several years, we've been talking on this blog about programs like Y Combinator, TechStars, SeedCamp, and many others. I call them startup accelerators. One thing I've consistently heard is that NYC needs its own startup accelerator. Well it is happening this summer, courtesy of the city's own NYC Seed fund. The program is called SeedStart. The program mirrors much of what the pioneer in this sector, Y Combinator, does. It is an eight week summer program.

Phenomenal Essay On Why Software Patents Are The Problem

Feld Thoughts

If there is one thing you read today, go read Brad Burnham at Union Square Ventures excellent essay titled Software patents are the problem not the answer.

Business 2010 – A Time for Optimism and Work

Startup Professionals Musings

Even though it has been a long haul, it’s nice to see some optimism on the horizon for 2010. Just yesterday, a new study “ U.S. Small Business Outlook 2010: Lessons Learned – A Case for Greater Optimism ,” was published by CIT Group, Inc., in conjunction with Forbes Insights.

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10 Questions Never to Ask a Reporter

Rembrandt Communications

When you prepare to contact a reporter, it is essential to conduct some research first. Media members receive hundreds of calls and e-mails each week, and you want to make a good, first-impression without being annoying. To stand out and get your story heard, here is a simple reminder of ten questions you should never [.]. Business Copywriting Increase Sales Marketing PR SEO SEO Copywriting free publicity [link] [link] business [link] public relations Small Business Public Relations

Some Interesting Facts About Chatroulette

A VC : Venture Capital and Technology

We had a very interesting discussion about Chatroulette here last week. Since then, reporters at the NY Times got the founder to talk and they posted the email exchange here. Here are some interesting facts from the NY Times piece: The founder, Andrey Ternovskiy, is a 17 year old high school student who lives in Moscow. He created the site for "fun" and had no "business goals" for it. It was inspired by his extensive use of Skype web chat with his friends.

Patents Are A Weak Measure of Innovation Activity

Feld Thoughts

After not seeing the word patent in my daily information routine for a few weeks, I saw it twice today – first in an article titled Turning Patents Into ‘Invention Capital’ (in the NY Times) and then in Region Sustains Robust Patent Production in the WSJ. Both stirred me up early this morning, but for different reasons. If you are interested in patents, I encourage you to read Turning Patents Into ‘Invention Capital’ as I’m very interested in your reaction.

Tune In to the Secrets of Real Business Leaders

Startup Professionals Musings

A while back I found some great product leadership guidance in “ The Secrets of Tuned In Leaders ”, by Craig Stull, Phil Myers & David Meerman Scott. They did a series of interviews with CEOs to understand how technology companies create success, and why most fail.

10 Questions Never to Ask a Reporter

Rembrandt Communications

When you prepare to contact a reporter, it is essential to conduct some research first. Media members receive hundreds of calls and e-mails each week, and you want to make a good, first-impression without being annoying. To stand out and get your story heard, here is a simple reminder of ten questions you should never [.]. Business Copywriting Increase Sales Marketing PR SEO SEO Copywriting free publicity [link] [link] business [link] public relations Small Business Public Relations

People Putting an Extra 50k Miles Or More On Their Cars

Venture Chronicles

Read this an it immediately resonated with me. According to a study by Auto MD, which is owned by the US Auto Parts Network, Inc.

Water Equals Food Equals Income

Feld Thoughts

Innovation happens all over the place. While I typically write about innovation in software and the Internet (which are the two areas I invest in), it’s useful to occasionally step back and tell a story about innovation in a different area that I’ve been exposed to.

Startups Need a Grand Vision but Micro Focus

Startup Professionals Musings

It’s great to dream big, but your startup needs a laser focus in the beginning to get market and investor attention. Google did it with search engines, Apple did it with a personal computer, and even Wal-Mart did it through low prices.

Logos: Watch Out! A Real-World True Story

Up and Running

Leaders get copied. Artists copy each other and we package it all up and call it a trend or a movement, like the impressionists, or baroque, or whatever. Poets and novelists do the same thing. Television producers copy good shows to make better show or bad shows, until we get sick of them.

Stuck in the middle with you (an uncut rant)

VC Cafe

T he single “Stuck in the Middle With You&# by Stealers Wheel (Joe Egan and Gerry Rafferty) sold over one million copies in 1972-1973.