What VCs Look for in a Startup

What VCs Look for in a Startup

I was watching a great talk from Ben Horowitz given at UC Berkely and in part of his address he covered the subject of what he as a VC looks for when he is considering investing in a tech startup.  Really interesting and worth mulling over if you’re considering a startup or plan to raise finance at some point for your business.

What Do We Look For?

  • The size of the opportunity
  • The quality of the team
  • A bad market always beats a good ...
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Four Key Questions

Its always interesting to hear someone’s response when you ask what their new business is about. The answer is often lengthy,  muddled.   Sometimes technical founders have an over-eagerness to express the detail of the solution rather than just focusing on core value – to satisfy a felt need to share everything proudly architected in the dark hours past midnight. Its wrong, customers don’t care. Stop it.  I love this TEDx talk ...

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Lean Startup Methodology in Large Companies

Lean Startup Methodology in Large Companies

I love that the #leanstartup conversation has started including discussion around application to corporate environments and even government. I spent many years at Microsoft and recognize the wisdom that could be applied there. I have also been a leader in a “startup” within a pretty old-school corporate environment that had too much rigidity around processes etc inherently – a culture inherently counter to the kind of environment most startups thrive in. The experience really helped emphasize ...

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Customer Validation and Personas

Customer Validation and Personas

Usually when product management folk talk about personas, they are referring to user personas.  And technical founders of a new software service often have a mindset oriented around testing functional relevance (problem-solution fit) with customers, making sure that the features being delivered are going to scratch an itch in just the right place and in just the right manner.

It is important to remember is that the discovery and validation phase of your business is not just about validating a problem-solution ...

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Collaborative pipeline management

Collaborative pipeline management

Marketing and Sales teams are often at odds with each other because each has a slightly different view of the world. Are you on the same page as your sales management when it comes to your sales funnel and the KPIs that drive activity?

Sales teams can be critical of lead quality, especially when they are achieving low conversion rates through their part of the pipeline, or are not hitting their monthly targets.
The marketing team may stop short of what ...

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