asterisk2a + lean   34

#TOA Interview with Fred Wilson & Brad Burnham of Union Square Ventures - YouTube
mi 32 - lack of adoption of SV model: no politics, execution, results driven, value creation, accepting Failure as outcome (culture of Stigma in EU and Germany) // min 36 - oh hi there world - buy into the company! a partner, strategic joint venture. shared economic interest, own platform by publishers! // miss-allocation of capital ! // hard things about hard things - Pivot, layoff vs running out of money not finding product/market fit & traction // early on its only hunch & gut based. // #TOA15: ¨Are the Germans Unable to Disrupt?¨ with Christoph Keese (Axel Springer SE) - youtu.be/YyuJmAtZQis - its abt value creation, value add, redesigning of value, chains, product, data. Big corps cant disrupt itself. especially not by committee. Legacy companies unlikely 2 survive bc of patterns 2 stick 2 the conventional & fail than fail with unconventional & look like a fool (risk aversion, Failure in the public eye). Book "Silicon Valley: Was aus dem mächtigsten Tal der Welt auf uns zukommt"
Europe  Start-Up  Scene  Berlin  Start-Up  Scene  Failure  incrementalism  incremental  value  creation  added  value  Core  Product  Proposition  intangible  value  Mittelstand  SME  SMB  Proposition  Venture  Capital  oh  hi  there  world  Fred  Wilson  London  Scene  Wall  Street  shareholder  value  profit  maximisation  book  ecosystem  distortion  asset  allocation  Germany  Europe  industrial  policy  Revolution  2.0  STEM  3D  printing  Software  Is  Eating  The  automation  automotive  Big  Data  Robotics  business  consumer  disrupting  markets  disruption  creative  destruction  Pivot  Product/Market  Fit  traction  self-awareness  MVP  Minimal  Viable  Product  Lean  Start-Up  timing  Internet  Privacy  Privacy 
august 2015 by asterisk2a
LinkedIn Founder Revealed - Member of the Paypal Mafia, He's an Entrepreneur & Venture Capitalist - YouTube
// fail fast to move on to the next thing to try out, put your craftsmanship towards. // launch MVP, can be, should be embarrassing, then iterate. if it isn't embarrassing. you launched too late and developed too much inside your own bubble and ideas about what it could be ... and scratching only product/market fit and core product value prop and value creation. because you don't have the feedback from users and numbers. // see Guy Kawasaki expanding it to - 1:07:30 "MVVVP" Minimal Viable Valuable Validating Product. Viable (sustainable) (valuable, does the world need another fashion blog?) (what does it validate about your vision) - youtu.be/eF3ETXzVm-g
Reid  Hoffman  linkedin  Lean  Start-Up  Start-Up  lesson  Start-Up  advice  of  You  PayPal  Peter  Thiel  iteration  MVP  Minimal  Viable  Product 
august 2015 by asterisk2a
Annual Planning is Killing Your Growth – Try This Plan Instead - First Round Review
use quarterly OKR for people, team wide, department wide, business/company wide // no SWAT analysis. gain advantage and move from a higher level awareness and perspective // [ SAAS ] Especially if you work in the enterprise space where sales cycles can sometimes be very long, it’s tempting to make decisions that make sense within the span of one year but not in the broader context of your business. [...] “If you're wrong about anything in your annual plan, you're probably already too late to fix it.” [...] “Everyone wants to know about the year. It's become the basic unit of comparison across companies. But it shouldn't be.” [...] [ CONTEXT, aspiration, Big Picture for Company and Product (in 3-5 years), a sketch, but also have to be flexible in your approach and the way. stubbornly flexible (balance) ] “It's vital to know what great looks like for your company in the context of your field.”
Start-Up  lesson  Lean  Start-Up  Start-Up  advice  OKR  people  management  business  model  KPI  measuring  measure  measurement  team  management  planning  business  plan  business  management 
august 2015 by asterisk2a
The Traction Book: 5 Steps To Traction & Business Growth
product distribution is part of start-up failure, find and focus 2-3 great distribution channels - test hypothesis what channels should work - evaluate (measure), why or why not, ... figure out what works, [keep moving. if you stop moving, you will fail]. double down on what works. test, test, test. spend time - 50/50 - marketing/product early on. find a great distribution strategy! traction. have goals determin your action. without a goal you cant score. focus on activities that move you forward towards the goal. // Justin Mares, Co-Author, Traction, Startup Grind Ottawa - youtu.be/R3OxmLBIsRg &! Startup Metrics Toronto December 2014 - Justin Mares on User Onboarding - youtu.be/9HzNxCkHias
book  Start-Up  lesson  Start-Up  advice  traction  growth  hacking  growth  hacker  viral  coefficient  Net  Promoter  Score  Product/Market  Fit  MVP  Core  Product  Value  Proposition  Value  Proposition  Minimal  Viable  Product  marketing  advertisement  affiliate  marketing  content  marketing  Lean  Start-Up  A/B  Testing  marketing  channel  distribution  strategy  conversion  user  acquisition  PR  public  relations  brand  awareness  user  engagement  user  generated  content  user  churn  customer  retention  customer  acquisition 
july 2015 by asterisk2a
[PREMONEY 2014] Micro-Waves: 10 Years Of Cycles...& What You Can Learn From Them - YouTube
7:30 - Have a Hypothesis (destiny, vision, future) where you product and company fits in in the big puzzle for the future (Testing your hypothesis/thesis first in small scale - youtu.be/3KteaWhL9hs see Zappos example), be a kick ass team, make a kick ass product, target a kick ass market (big, disputable, low regulation and low political barriers >> opposite is healthcare USA; entrenched interest groups, lots of regulation, lots of hard wired behaviour >> opposite was Uber and Lyft and Airbnb as it turned out). // 10:00 know and accept that you can't know everything - Blind Spots - WORK ON BLIND SPOTS/VECTORS, fill those positions in the team that supplement and make everyone stronger (team, company as a whole).
Start-Up  lesson  Start-Up  advice  Venture  Capital  Angel  Investor  Product/Market  Fit  MVP  Lean  Start-Up 
april 2015 by asterisk2a
Bootstrapping Is The New Seed | TechCrunch
With a 10 percent startup success rate, the decision to bootstrap means that your plan of execution needs to be as tight as possible. // Focus - Build something people want (fix your internal need) - Know Your Customers Better Than Anyone Else (Feedback loop w customer, 1000 true fans, delighting them every time and exceeding their expectations) - Build a Predictable Lead-Gen Channel (analytics) - Know How Much You’re Worth (there is a price point for every product to sell much and make much and to sell less and still make much, it also reflects on your worth, and also if cheap invites certain kind of customers. Tim Ferriss talks about this in one of his podcasts. Pricing.)
Start-Up  lesson  Start-Up  advice  Lean  Start-Up  execution  bootstrapped  bootstraped  bootstrapping 
march 2015 by asterisk2a
The Responsive Enterprise: Embracing the Hacker Way - ACM Queue
The "Seven Aspects of our Culture," as described in a Netflix slide presentation (Values are what we Value; High Performance; Freedom and Responsibility; Context, not Control; Highly Aligned, Loosely Coupled; Pay Top of Market; and Promotions and Development) provides a crisp formulation of people-management values for a software-centric enterprise.4 Here is our take on four of Netflix's seven core values: [...] No company embodies the hacker culture better than Facebook, and CEO and founder Mark Zuckerberg explained the idea eloquently in his letter to investors when Facebook filed for its IPO: "Hacker culture is also extremely open and meritocratic. Hackers believe that the best idea and implementation should always win—not the person who is best at lobbying for an idea or the person who manages the most people."10
Start-Up  advice  Start-Up  lesson  Lean  Start-Up  corporate  culture  corporate  values  personal  values  feedback  loop  Software  Is  Eating  The  World  Future  of  Work  meritocratic  meritocracy  Power  Play  Patriarchy  Aristocracy  IQ  EQ  abuse  of  lobby  gender  politics  gender  pay  gap  gender  policing  gender-based  discrimination  STEM  Women  in  Tech  Silicon  Valley  Open  Source  decision  making 
december 2014 by asterisk2a
Show HN: No more “idea websites” – here's a problem solving website | Hacker News
from comments: "Ideas are just ideas. Actually solving problems requires a different skillset that can't be accomplished with the "magic" of crowdsourcing. Calling this a "problem solving website" is incredibly misleading." [...] [&] "Maybe so, but the first step of problem solving is identifying the problem. And problems come from people." [...] Ideas are worth nothing. The idea of an electric car manufacturer ... worth nothing. Tesla Motors (founded in 2003, http://en.wikipedia.org/wiki/Tesla_Motors) ... worth $29bn.
Start-Up  lesson  Start-Up  advice  Lean  Start-Up 
october 2014 by asterisk2a
(12) What are the early symptoms that a startup is going to fail? - Quora
6.) A desire for perfection. Perfection kills. The things that your early adopters care about? Those should be awesome. Everything else? Fuck it. A team that has a hard time being pragmatic will spend a lot of their time and money on shit that doesn't matter. And that will keep them from getting the product out early enough to get useful feedback. [...] 10.) Teams that know that they don't know much: generally awesome. Teams that think they know it all? Very dangerous.
Start-Up  lesson  Start-Up  advice  Lean  Start-Up  traction  Net  Promoter  Score  user  experience  user  churn  user  acquisition  viral  coefficient  Minimal  Viable  Product  Product/Market  Fit 
october 2014 by asterisk2a
Fab Was Burning Through $14M/Month Before Its Layoffs And Pivot | TechCrunch
[operational cost low in Berlin. 'running out of cash before traction and revenue starts to climb'] “We have years and years of cash left,” Goldberg notes. It seems that even if there may be new kinds of overhead with the design, building, selling and distributing of furniture, it’s nothing compared to the burn of a startup with hundreds of employees and the challenges of grappling with inventory from dozens and dozens of suppliers. Real estate is one part of that cost base: in New York, Fab paid $250,000 per month for two floors of office space. In Berlin, the company spends $125,000 per year on rent. [min11 ... a choice you have to make about your business; scale with low margin ie Amazon, Zalando&co *commodity business. or the reverse. tight curated sought out offering with high margins with a shelf life of very few months *ie seasonal high end fashion, designer items of any kind, hand manufactured stuff] & techcrunch.com/2014/10/20/justin-kan-disrupt/ & youtu.be/CyIMNDCyuBM
Fab.com  Hem  Jason  Goldberg  Berlin  Start-Up  Scene  New  York  Start-Up  Scene  Silicon  Valley  burn  rate  runway  Lean  Start-Up  commodity  business  commoditization  Zalando  margin  Europe  Start-Up  Scene 
october 2014 by asterisk2a
Andreessen: High burn rates risk more than just running out of cash | PandoDaily
Bill  Gurley  Venture  Capital  hunt  for  yield  ZIRP  NIRP  QE  negative  real  interest  rate  equity  bubble  asset  bubble  bubble  speculative  bubbles  bubbles  Silicon  Valley  burn  rate  runway  Start-Up  advice  Lean  Start-Up  Start-Up  lesson  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  New  York  Start-Up  Scene  cost  of  living  living  standard  living  spaces  living  environment  standard  of  living  Benchmark  Capital  San  Francisco  Palo  Alto  distortion  risk  taking  centralbanks  trust  trustagent  confidence  Wall  Street  Taper  discounting  risk  discounted  risk  risk  discount  timing  business  cycle  financial  cycle  GFC  unintended  consequences  unknown  unkown  unknown  unknowns  cash  flow  business  model  monetization  monetisation  Fred  Wilson  AVC  bootstrapped  bootstrapping  growth  round  Expenditure  Fab.com  sustainability  sustainable  a16z  Marc  Andreessen  Ben  Horowitz  SF  war  for  talent  labour  economics  labour  market 
september 2014 by asterisk2a
Winter Is (Probably) Coming (Soon) | TechCrunch
"The more you boost your burn, the more risk you take on. [...] The underlying point of Gurley’s and Wilson’s respective riffs is that many companies will have to reduce their burn in the future. And it won’t be easy. And the pair likely won’t be willing to give larger sums to companies that just torched their prior round in ways that they didn’t precisely approve of. Cash is the oxygen of business. When it runs out, the company dies." ... being nimble, frugal, Lean, conservative ... via https://news.ycombinator.com/item?id=8338411
Bill  Gurley  Venture  Capital  hunt  for  yield  ZIRP  NIRP  QE  negative  real  interest  rate  equity  bubble  asset  bubble  bubble  speculative  bubbles  bubbles  Silicon  Valley  burn  rate  runway  Start-Up  advice  Lean  Start-Up  Start-Up  lesson  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  New  York  Start-Up  Scene  cost  of  living  living  standard  living  spaces  living  environment  standard  of  living  Benchmark  Capital  San  Francisco  Palo  Alto  distortion  risk  taking  centralbanks  trust  trustagent  confidence  Wall  Street  Taper  discounting  risk  discounted  risk  risk  discount  timing  business  cycle  financial  cycle  GFC  unintended  consequences  unknown  unkown  unknown  unknowns  cash  flow  business  model  monetization  monetisation  Fred  Wilson  AVC  bootstrapped  bootstrapping  growth  round  Expenditure  Fab.com  sustainability  sustainable 
september 2014 by asterisk2a
Knowing when to pivot | WSGR Startup Basics - YouTube
>> iterated on the idea - http://techcrunch.com/2014/09/17/classpass-lands-12-million-series-a-led-by-fritz-lanman-hank-vigil/ "At launch, the company was originally centered around logistics, allowing users to discover new classes, complete with reviews, pricing info, and schedules, and then sign up to attend these classes. Turns out, paying per individual classes (no matter how easily you can discover them) was too much of an obstacle to users. [... >>> ...] Classtivity Pivots To Subscription Model So You Actually Work Out. [...] Turns out, finding a class isn’t as difficult as actually going to a class, which is why most fitness-based business models revolve around packages. That said, Classtivity is today pivoting to offer the same access to fitness classes with a brand new business model."
Start-Up  lesson  Start-Up  advice  Pivot  Lean  Start-Up  iteration  frictionless  friction  discovery  offline  experience  shared  experience  user  experience  business  model  curation  curator  niche  specialization  ClassPass  Payal  Kadakia 
september 2014 by asterisk2a
Burn Baby Burn – AVC
From one of the comments: "f you're backing companies that have bootstrapped their start, you get a different, focussed culture & attitude on burn rates and costs. It forces you to think twice about every cost item. You're running as fast as you can to get traction, customers, product, team, everything aligned within tight costs. It's not about frugality but more aligned to reality. " +++ via https://news.ycombinator.com/item?id=8324047 +++ !!! Fancy Offices - bit.ly/1piSnxO +++ !!! +++ "Gurley and Wilson point to sky high burn rates, not valuations as the red flag in Silicon Valley [...] Gurley and Wilson are lamenting the exorbitant burn rates that have become the norm among venture-backed startups and the lack of fear and accountability signaled by this hyper-aggressive approach." - bit.ly/1m93G0M +++ !!! +++ bit.ly/YQY2WS +++ !!! +++ "Which VCs Have the Most Portfolio Companies with $100M+ of Funding?" - bit.ly/1wo7BHF
Bill  Gurley  Venture  Capital  hunt  for  yield  ZIRP  NIRP  QE  negative  real  interest  rate  equity  bubble  asset  bubble  bubble  speculative  bubbles  bubbles  Silicon  Valley  burn  rate  runway  Start-Up  advice  Lean  Start-Up  Start-Up  lesson  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  New  York  Start-Up  Scene  cost  of  living  living  standard  living  spaces  living  environment  standard  of  living  Benchmark  Capital  San  Francisco  Palo  Alto  distortion  risk  taking  centralbanks  trust  trustagent  confidence  Wall  Street  Taper  discounting  risk  discounted  risk  risk  discount  timing  business  cycle  financial  cycle  GFC  unintended  consequences  unknown  unkown  unknown  unknowns  cash  flow  business  model  monetization  monetisation  Fred  Wilson  AVC  bootstrapped  bootstrapping  growth  round  Expenditure  Fab.com  sustainability  sustainable 
september 2014 by asterisk2a
Venture Capitalist Sounds Alarm on Silicon Valley Risk - WSJ
"Be fearful when others are greedy and greedy when others are fearful." And then you wrote: "Although we may have not reached the level of observing obvious greediness, there is most certainly an absence of fear. Those that managed companies in 2008, or 13 years ago in 2001, know exactly how fear feels. And this is not it." [...] Right now youve got private companies raising $200, $400, $500 million. If youre in a competitive ecosystem & you raise that amount of money, the only way you use it—because these companies are all human-based, theyre not like building stores—is to take your burn up. [2 things: exorbitant high burn rates like '99 & the allure of working for $ loosing companies. &the justification is 'it's Landgrab time,it's still day 1'] &living cost, employee cost &perk &rent cost in SV/SF &surroundings isnt helping either. rising cost is fuelling burn rates &valuations w/ big ABC-Rounds. Didnt we have the glorification of Lean ~3 years ago? A bubble is one WHEN IT POPS!
Bill  Gurley  Venture  Capital  hunt  for  yield  ZIRP  NIRP  QE  negative  real  interest  rate  equity  bubble  asset  bubble  bubble  speculative  bubbles  bubbles  Silicon  Valley  burn  rate  runway  Start-Up  advice  Lean  Start-Up  Start-Up  lesson  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  New  York  Start-Up  Scene  cost  of  living  living  standard  living  spaces  living  environment  standard  of  living  Benchmark  Capital  San  Francisco  Palo  Alto  distortion  risk  taking  centralbanks  trust  trustagent  confidence  Wall  Street  Taper  discounting  risk  discounted  risk  risk  discount  timing  business  cycle  financial  cycle  GFC  unintended  consequences  unknown  unkown  unknown  unknowns  cash  flow  business  model  monetization  monetisation 
september 2014 by asterisk2a
BuzzFeed’s Ben Smith: ‘We didn’t fully think through’ the removal of old posts | Poynter.
starting out, experimenting, what sticks on the wall, sucking at least half the time. ... lesson, don't be afraid to suck early on. you still can turn 'it' into something great by learning along the way.
BuzzFeed  Start-Up  lesson  Start-Up  advice  Lean  Start-Up 
august 2014 by asterisk2a
Silicon Valley has evolved -- it’s not about startups anymore | VentureBeat | Entrepreneur | by Armando Biondi, AdEspresso
The consequence? Silicon Valley is no longer the best place to start a company (unless you’ve already been living there for a while now, of course) because everywhere else is. And “everywhere else” is the rest of the world — with cheaper talent, lower cost of living, and good access to initial capital as well — but also the rest of the U.S. outside of the tech hubs. Whether that’s good or bad, I don’t know. But it’s something you need to be aware of. That has been my advice lately to a few people asking for perspective from a guy who comes from Europe but has spent the last few years in the Valley. It’s a wonderful place, but it’s a very challenging one also. So if you’re starting something today, DO NOT come to Silicon Valley right away. It’s less expensive, less risky, and probably easier to start somewhere else, due to less competition. +++ https://news.ycombinator.com/item?id=8182828 San Francisco Office Rents Seen Topping Manhattan in 2015 (bloomberg.com)
Silicon  Valley  Start-Up  advice  Start-Up  lesson  San  Francisco  war  for  talent  barriers  to  entry  scaling  scale  economies  of  agglomeration  economies  of  scale  Berlin  Start-Up  Scene  Europe  Start-Up  Scene  Lean  Start-Up  Mountain  View  Palo  Alto  Venture  Capital  Networking 
august 2014 by asterisk2a
Women Won't Name Harassing Venture Capitalists, Even Anonymously
http://www.forbes.com/sites/jeffbercovici/2014/08/07/what-its-like-raising-money-as-a-woman-in-tech/ || "It's not my place to dictate a solution, but I think until victims can name names this won't change." It's structural. It's the patriarchy of the Valley VC's slash boys club slash 'Valley Boys' slash brogrammers slash The Fetish ... the power they hold. People think they hold. The power to enable you to make it big (or acqui-hire) or out rightly fail. But that is a dogma. Those who made it big, didn't make it because of the patriarchy ... the future ones definitely won't bow down to the dogma, if they are actually smart and have the guts and the heart and personal values in the right place. // http://read.bi/1hc1DlT 'living inside their own bubble without perspective - feedback loops.' + http://www.wired.com/2014/07/gender-gap/ + http://onforb.es/PzBqFu >> 'bossy' // + http://on.wsj.com/V8uHEQ
brogrammer  Venture  Capital  VC  dogma  everyday  sexism  sexism  sexismus  gender-based  harassment  gender-based  discrimination  gender  inequality  gender  discrimination  racial  discrimination  discrimination  ethnic  minority  minority  black  minority  Women  in  Tech  STEM  Female  Founders  Misogynie  misogyny  gender  gap  gender  politics  gender  policing  gender  bias  gender  equality  gender  norms  gender  role  gender  conforming  gender  non-conforming  stereotype  bias  prejudice  judgement  white  male  privilege  entitlement  male  privilege  privilege  Privileged  jock  culture  Campus  Fetish  Silicon  Valley  bubble  San  Francisco  war  for  talent  self-awareness  Perspective  Power  Play  abuse  of  code  of  social  conduct  Sheryl  Sandberg  Lean  Bossy  language  communication 
august 2014 by asterisk2a
- Startups - George Zachary of Charles River Ventures - TWiST #237 - YouTube
interesting point about deflationary pressures ... ... min 59 - re-training of workforce - for the workplaces of the future. // min 1:00:00 social divide between the havs and the havs not. // education has to marry (50/50) liberal arts and practical skill sets for the future. mandatory will have to be technology basics and programming intro.
deflation  deflationary  technological  history  technological  progress  skill-biased  technological  change  ZIRP  NIRP  hunt  for  yield  asset  bubble  volatility  Fed  BOE  ECB  BOJ  QE  flat  world  globalisation  globalization  competitive  advantage  offshoring  outsourcing  comparative  advantage  comparative-advantage  competitiveness  education  policy  Debt  Super  Cycle  CAPEX  competitive  knowledge  worker  White-collar  Blue-collar  Year  of  Code  war  for  talent  San  Francisco  Silicon  Valley  Mobile  Creative  Mobile  Creatives  Venture  Capital  VC  workplace  workforce  Charles  River  Ventures  urbanisation  urban  planning  Los  Angeles  Start-Up  Scene  New  York  Start-Up  Scene  Palo  Alto  Public  Career  Politicians  Politics  transparency  communication  language  Vision  accountability  Berlin  Start-Up  Scene  Europe  Start-Up  Scene  Start-Up  lesson  Start-Up  advice  Lean  Start-Up  immigration  emigration  long-term  thinking  long-term  view  society  social  mobility  income  mobility  leadership  education  MOOC  practical  skills  practical  skill  set 
july 2014 by asterisk2a
Drowning in venture capital, mobile startups are waging unsustainable price wars | PandoDaily
upside of this up-cycle/up-business cycle? everyone with a little bit of chops and a MVP with little bit of traction can get capital. Downside? Everyone spends their capital. Would never happen in a down cycle. Down cycles are great, you've got more time to build a great team, product and brand. .... "[L]ook at ecommerce 2.0 companies like Fab and EcoMom who blew millions in capital acquiring customers at unsustainable rates, hoping for some magic lifetime customer value to justify the spending. (It didn’t.) “There’s a tension between growing fast enough and having a disastrous bottom line,” Jeff Clavier, Founder of SoftTech VC, says. Clavier was an early investor in Fab, among others playing this game. “If you don’t have growth you’re stuck, but if you have growth with economics not viable in the long term, [you’re making] a real bet that you’ll be funded nevertheless.” [...] companies aren’t developing a sustainable business model. [Freemium works better with Software Product.]
Start-Up  lesson  Start-Up  advice  Lean  Start-Up  VC  Venture  Capital  hunt  for  yield  growth  round  Uber  Lyft  Fab.com  sustainable  sustainability  customer  acquisition  customer  retention  2014  asset  bubble  bubble  Silicon  Valley  Palo  Alto  San  Francisco  business  model  business  plan  user  experience  user  expectations  Amazon  Zappos  free  freemium  SAAS  on-demand  mobile  services  Industry  mobile  first  Uber  for  X  Groupon  Berlin  Start-Up  Scene  Europe  Start-Up  Scene  London  Start-Up  Scene  me  too  price  war  commoditization  commodity  business  differentiation  differentiate  brand  brands  branding  indefensible  values  defensible  values  business  management  management  economics  frictionless  friction  rackspace  training  your  customer  growth  crutch  growth  hacker  traction  Value  Proposition  long-term  thinking  long-term  view 
july 2014 by asterisk2a
- Startups - Kevin Rose of Milk - TWiST #218 - YouTube
ideas on paper are nothing. test them out. if it has traction - got to go all in. wear it as badge of honour, if your idea, that you put from paper into the real world, fails. its part of your body of work. it's nothing personal. [...] 1:04 hrs in "it's business, it is nothing personal." ... 1:06:25 - Lesson: If something has critical mass (centrifugal mass, has its own gravitational field ... pull), it can not be stopped even when mistakes are made; Fail Whale (Twitter Technical Fails and management-internal fights etc, Facebook and Privacy, Google and Privacy Yahoo! (mismanagement) and it's unsexy non-hip non-attractive brand, and uninspiring front-page). ... Further in: Focus has to be on product, to reach scale. Product centric CEO's (Larry Page, Dick Costolo, Zuckerberg) don't put a big banner ad on the front-page of their product. it ruins the user experience and adds no value. it subtracts value. where is the value proposition of that? + http://youtu.be/HtRfHASjtcA
Start-Up  lesson  Start-Up  advice  Lean  Start-Up  Yahoo!  Twitter  Facebook  brand  brands  branding  Product  Design  consumer  multi-product  company  Product  Officer  management  Product/Market  Fit  systems  system  webdesign  web  ethical  machine  Marissa  Mayer  experience  user  experience  UI  UX  Value  Proposition  added  digital  natives  native  advertising  advertorial  advertisement  advertising  Digg  Mark  Zuckerberg  Larry  Page  Dick  Costolo  long-term  thinking  long-term  view  short-term  thinking  Wall  Street  WallStreet  add  creation 
july 2014 by asterisk2a
Why AOL Should Not Have Bought Huffington Post And Patch - Forbes
AOL's media business not profitable ie Huffpost and Patch not profitable. ... Q can large scale internet only media units not be profitable? - Is that a law? like gravity? Why is gawker profitable, because it doesn't have the excess, overhead and perks AOL's media unit got. << lots of execs, vp's, directors, lots of reporting that isn't really work, vertical structure - hierarchy. || Gawker Media is a Cayman Islands-incorporated online media company and blog - http://en.wikipedia.org/wiki/Gawker_Media "In 2009, the corporation was estimated to be worth $300 million, with $60 million in advertising revenues and more than $30 million in operating profit.[3]" || >> Lesson - don't build overhead, stuff that is not doing actual work for the business to turn a operational profit. || http://bit.ly/1q1BQ4G + http://bit.ly/1i29pU0 + http://read.bi/1lqvmg9 + http://bit.ly/1pyGZ6j + http://bit.ly/1kWGL6i ||
AOL  Tim  Armstrong  HuffingtonPost  Patch  Huffington  Post  journalismus  Journalism  content  network  short-form  content  throwaway  content  paid  content  content  creator  digital  content  content  curation  content  content  distribution  micro  content  Niche  microcontent  paidcontent  TechCrunch  Crunchbase  BuzzFeed  UpWorthy  Gawker  BusinessInsider  Washington  Post  Jeff  Bezos  business  model  business  plan  overhead  Lean  Start-Up  Start-Up  lesson  Start-Up  advice  engagement  marketing  advertisement  advertising  direct  response  marketing  Yahoo!  web  publishing  publishing  2.0  blog  blogosphere 
june 2014 by asterisk2a
Path’s kiss of death compliment: “It’s hugely popular in Indonesia!” | PandoDaily
[+ Raising Too Much Money for a too small product and market!?] It may be the beginning of the end for a company that was once offered $125 million to sell to Google – in a high priced acquihire – less that six months into its existence and before the company even launched. [...] So, what went so wrong? The answer seems to be a combination of poor execution, an excessive focus on design over utility (not to mention differentiation), and a keeping up with the Joneses desire to spend lavishly. [...] The company has always been a reflection of Morin, including his obsessiveness over design and his proclivity for spending. For example, Path reportedly built its team with a designer to developer ratio of 1-to-2, as compared to an industry average that is likely closer to 1-to-20 (or even lower, although precise figures are hard to come by). [[ ~ Spending for the wrong means to an end. ~ ]] [[ ... Inside the bubble that is the Valley and the Fetish ... ]]
Path  Dave  Morin  acquihire  acqui-hire  Start-Up  Start-Ups  Product/Market  Fit  Venture  Capital  Timing  Hype  Cycle  execution  Focus  focused  Lean  Start-Up  Start-Up  advice  Utility  bloat  design  systems  design  system  design  designer  product  design  burn  rate  runway  corporate  culture  Snapchat  Instagram  Silicon  Valley  Fetish  Digg  Kevin  Rose  Dennis  Crowley  foursquare  Consumer  Internet  Space  Start-Up  Lesson 
may 2014 by asterisk2a
Safe Harbors – AVC
The answer to this quandry is “safe harbors”. I argue for them all over the place. In content licensing. In telecom policy. In banking policy. If we had a general bias in our society to let early stage startups try things and see if they work before we worry about compliance we would see a lot more innovation.
Net  Neutrality  FCC  ISP  Start-Up  Start-Ups  Lean  Start-Up  Silicon  Valley  MVP  Minimal  Viable  Product  innovation  barriers  to  entry 
may 2014 by asterisk2a
Franchise redux: The professionalization of the sharing economy has deep implications | PandoDaily
But for all Airbnb and Uber’s much deserved “disruptive” acclaim, these businesses have older roots than the hype cycle suggests. According to conventional wisdom, Airbnb and Uber enable “regular individuals” to make a few extra bucks renting out an extra bedroom or giving fellow travelers a ride. They unlock a new class of assets, where fellow consumers share in collaborative consumption. In fact, while these businesses nailed rapidly changing consumer preferences  –  buying services at time of usage, rather than owning assets fits the post-recession, Millennial sensibility of the moment –  the supply side of their businesses does not match the narrative. Supply in these marketplaces is increasingly delivered by entrepreneurial, small business owners, not fellow consumers. Uber and Airbnb are best understood as reimagined franchise operations that leverage mobile data, the social graph, and continuous feedback loops to deliver a better consumer experience.
Airbnb  Millennials  GFC  post-recession  2014  Consumerism  consumerist  zombie  consumer  sharing  is  caring  sharing  economy  marketplace  marketplace  efficiencies  marketplace  inefficiencies  Technology  convenience  disrupting  markets  disruption  franchise  business  Platform  Open  Platform  franchising  redux  service  delivery  mobile  first  digital  natives  adoption  adoption  curve  trends  youthification  unintended  consequences  complexity  unknown  unknowns  self-regulation  regulation  deregulation  vested  interest  interest  groups  operating  performance  Start-Up  Start-Ups  Lean  Start-Up  Silicon  Valley  entrepreneurial  entrepreneurship  feedback  loop  transparency  Models  Social  Media  recovery  productivity  output-gap  underemployed  working  poor  squeezed  middle  class  disposable  income  Debt  Super  Cycle  USA  UK  Europe  consumer 
may 2014 by asterisk2a
GitHub co-founder resigns after investigation into harassment claims | The Verge
Horvath claimed to have experienced sexism and gender-based harassment at GitHub. She also spoke out about Preston-Werner and his wife, who she says personally harassed her for two years, the former berating her in his office and the latter stalking her at work. According to Horvath, the Preston-Warners were apparently concerned that she would undermine the company's reputation, perhaps due to her outspokenness on the issues around women in tech. + http://www.theverge.com/2014/3/19/5526574/github-sexism-scandal-julie-ann-horvath + http://www.theverge.com/2014/3/19/5526574/github-sexism-scandal-julie-ann-horvath + http://techcrunch.com/search/Julie+Ann+Horvath#stq=Julie Ann+Horvath&stp=1 "" GitHub was generally female-friendly, but her team felt like a boy’s club. She felt increasingly aware of "how little the men I worked with respected and valued my opinion" and observed the same thing happening to her female co-workers. ""
GitHub  Silicon  Valley  HR  people  management  human  resources  sexism  sexismus  everyday  sexism  gender-based  harassment  gender  inequality  gender  discrimination  gender  politics  gender  equality  inequality  equality  glass  ceiling  public  relations  PR  Julie  Ann  Horvath  stereotype  patriarchy  male  privilege  privilege  Privileged  knowledge  worker  White-collar  Blue-collar  workplace  21stcentury  western  society  language  Lean  In  Book  culture  subculture  Women  Tech 
april 2014 by asterisk2a
MySpace Close To Spinning Off Photobucket
The tougher the times get, the leaner the businesses want to be.
myspace ebay newscorp rupertmurdoch lean business recession rightsizing downsizing stumbleupon
myspace  ebay  newscorp  rupertmurdoch  lean  business  recession  rightsizing  downsizing  stumbleupon 
october 2009 by asterisk2a

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