I am reading a quick note from Phil Rosenzweig, Wharton and Harvard guy: "High performance comes from doing things better than rivals, which means that entrepreneurs have to take risks. Decisions must be made where there isn't 100% accuracy. Thus, strategy involves making decisions under uncertainty. The goal of strategic analysis should therefore be one […]
“What’s in it for them?” As the little guy, you’ll probably get quite a lift by structuring a deal with a large company. New links, good press, etc. So, you know what’s in it for you. But when you’re pitching the deal, always think about the other company. What benefit are you bringing to the table that they simply do not have, or would be to costly to build/buy. Show how these assets can make their site/company a better product.
As an entrepreneur, it’s a constant struggle to know what to build, and what to outsource – who you should partner up with, and who you should politely take a pass on. Even the big guys like Google don’t deliver 100% of the time, and smaller companies with API’s you can tie into most likely fail even more frequently.
Venture Hacks has great commentary on Adam Smith’s letter to Y Combinator companies. Y Combinator is a mini-incubator that focuses on getting very early-stage companies access to seed money, technical and business advice, and other things that help raise the probability of getting to market. One particularly enlightening part of the post included the discussion […]
Here’s an opening quote from Steven Gary Blank, taken from his book, “The Four Steps to the Epiphany“: “All new companies and new products begin with an almost mythological vision – a hope of what could be, with a goal that few others can see. It’s this bright and burning vision that differentiates the entrepreneur […]
Enrique was a top-notch musician. He had gotten a music performance degree a few years back, and followed his passion into music. He played all over San Diego, and was the drummer for our regional-touring rock band, Across The Room. One Saturday afternoon, the band had just finished an acoustic set at a sea-side coffee […]