Get flash to fully experience Pearltrees
Top Startup Accelerators
How to pitch your startup
Takeaways from startups' success/failure
This past week was a remarkable one in the technology business. At the start of the week, Steve Jobs passed the leadership of Apple to Tim Cook and at the end of the week, Eric Schmidt passed the leadership of Google to founder Larry Page. Apple and Google are two of the most important technology companies in the world and the leaders in the mobile business which is certainly the next frontier in tech.
DFN: I’m about to begin valuing a startup, so personally, the article is very timely and talks about valuation in terms that even I can understand.
Posted on January 12, 2011 . Filed under: startups , venture capital | I find it strange that with all the VC and Angel blogs out there, nobody seems to explicitly talk about the single most interesting term in startup financing: Valuation.
The first step in a lean transformation is learning to tell the difference between value-added activities and waste. That foundational idea, so clearly articulated in books like Lean Thinking, is what originally led me to start using the term lean startup. I admit that I haven't always done such a good job emphasizing this connection; after all, there's an awful lot to the lean startup theory, and I'm always struggling with how best to explain it fully.
The unmodified "waterfall model".
"Lean Startup" is an approach for launching businesses and products, that relies on validated learning , scientific experimentation, and iterative product releases to shorten product development cycles , measure progress, and gain valuable customer feedback. In this way, companies, especially startups, can design their products or services to meet the demands of their customer base without requiring large amounts of initial funding or expensive product launches. [ 1 ] [ 2 ] [ 3 ] [ 4 ] [ 5 ]
Today’s high-tech entrepreneurs have at their command more than just the ability to invent new technologies — they have mastered the discipline and the methodology required to harness those technologies in order to serve customers. Such a combination of new technology and new understanding is unlocking new opportunities.
Part of the magic of having such a large number of good people all in one place is the effect that has on those at the bottom of the food chain.
Startup Weekend , an organization dedicated to the worldwide education and proliferation of entrepreneurship, has made a name for itself over the last few years with its unique weekend-long events. Over 17,000 participants have attended one of the organization's 120+ global events, from which over 560 new startups have launched. Thanks to a grant announced today from the Kauffman Foundation , Startup Weekend to continue to grow and better educate entrepreneurs in more cities around the globe. For those unfamiliar with the Startup Weekend model, the 54-hour event takes place, as its name would suggest, over the course of a weekend. On a Friday night, attendees meet up for the first time and pitch their ideas for startups, eventually breaking into groups. For the remainder of the weekend, the groups work to bring their idea to life, wrapping up with a pitch contest at the end of night on Sunday.
Mark Suster is one of those unique venture capitalists in that he has experience as an entrepreneur prior to joining the VC world (or the "dark side" as he calls it). Twice, in fact. That's why he calls his blog "Both Sides of the Table," because he has literally sat at both sides of the negotiating table. It's this experience as both an entrepreneur and a VC that provides him a fresh perspective on startups and the investment market, so what does Suster think are the most important factors to securing investment? Apparently, it comes down to four M's.
The goal here at ReadWriteStart over the last year or so has been to provide a place where first-time entrepreneurs and early-stage startups can find curated advice, tips and information to help them launch successful ventures. This is the nature of the entrepreneurial community; to help others that want to follow in your footsteps. Some might say that the path to success for each prospering startup has been different, but author Bill Murphy Jr. believes there is a science to it all. In his book, The Intelligent Entrepreneur: How Three Harvard Business School Graduates Learned the 10 Rules of Successful Entrepreneurship, Murphy provides an entrepreneurial roadmap that could increase the odds of success for any startup. Murphy introduces us to Marla Malcolm, Chris Michel and Marc Cendella - all members of the 1998 HBS graduating class, and all successful entrepreneurs with thriving companies.