“….first-time entrepreneurs often fail to realize that when you build something new, no one will care. People won’t use your product, won’t tell people about it, and almost certainly won’t pay for it. (There are exceptions – but these are as rare as winning the lottery). This doesn’t mean you’ll fail. It means you need to be smarter and harder working, and surround yourself with extraordinary people.”
“For most of the past 50 years, finding the successful formula for repeatable startup success has remained a black art. Founders have continually struggled with and adapted the “big business” tools, rules, and processes taught in business schools when startups failed to execute “the plan,” never admitting to the entrepreneurs that no startup executes to [...]
Founding a company is a sheer act of will and tenacity in the face of immense skepticism from everyone—investors, customers, friends, family, and employees, to name a few. Great founders live for chaotic moments. Anyone who can’t manage chaos and uncertainty, isn’t totally oriented for action, and has no sense of urgency, is in the wrong business.
“Will the use of gamification, game mechanics, feedback loops, and rewards to spur interaction and boost engagement, buy-in, loyalty, fun, and/or learning continue to gain ground and be implemented in many new ways in people’s digital lives between now and 2020?” 53% of respondents say, “By 2020, there will have been significant advances in the [...]
Steve Blank, author of recently released The Startup Owner’s Manual highlights the Customer Development process, best practices, tips and instructions contained in this book. In this book, he identifies 9 deadliest sins, which startups do often commit. He spells out them to caution the fledglings, carving an entrepreneurial niche. Find the excerpts here: 1. Assuming [...]
“Business journeys originated in a different place, a place we call the Heart.They were conceived not with a document but with a feeling and doing for an authentic vision. Clarity of purpose and passion ruled the day with less time spent writing about an idea and more time spent just doing it. At a business’s [...]
Angel List is a hybrid social network, communication and crowdsourcing platform offers a greater degree of visibility to startups that might not have access to investors, and, on the flip side, has become an important resource for investors looking to boost dealflow and connect with other investors.
I am perplexed. Yes, I am. I am perturbed and perplexed by perpetually vexing problem of how to invent a new future. After years in “Cube farms” [euphemism (!) for organizations ] that discourage, stifle employee engagement and, as a result, strangle innovation, one very fine day I said “Duh! No more cribbing. Enough is [...]
The seeding of my dream was because of my participation in an Interactive Discussion “Experiences in Entrepreneurship in America and India” organized by Indian Angel Network, where Hemant Kanakia, board member of IAN and an active investor, shared his experiences and his understanding about Indian Startups Ecosystem viz-a-viz that of the US. He orchestrated the whole session exceptionally well, peppered with bits of his entrepreneurial and now angel investor’s vision.
“Customers can’t or shouldn’t participate much in the innovation process”. It’s a myth. Break the myth. Turn your company into a customer platform that allows customers to create their own experience and value. [Insight For Innovators]