RECENT POSTS

Someone Please Write a Blog Post about Minimum Viable Strategy

Watching Dave McClure's presentation today, I started to think about how a lot of the lean startup and customer development folks talk about creating the Minimum Viable Product (MVP), Release Early / Release Often, Product / Market Fit, Pivoting, etc., etc., but there's very little talk about choosing your market or your product strategically. (At least not that I've noticed, feel free to correct me.)

I'd like to read that blog post.

A lot of the advice out there ultimately mitigates risks. Here is my horribly unfair summary:

Minimum Viable Product (MVP) - Spend less on creating your product, therefore you are risking less time and money on a bad product. Release Early / Release Often - Learn in small increments, therefore you are risking less time and money on a bad product. Product / Market Fit - Either change your product to fit the market or choose a different market for your product before you start spending money on marketing, therefore you are risking less time and money on a bad product. Pivoting - If you have a bad product, change it to something else.

Continue reading

Building a Future Through Entrepreneurship

Today I watched a group of 9th grade students at Oakland Tech present their preliminary business plans to a panel of judges and was impressed by how much I can learn from those who are so much younger than I am.

The showcase was part of the entrepreneur program created by BUILD whose mission statement reads:

Our mission is to provide real-world entrepreneurial experience that empowers youth from under-resourced communities to excel in education, lead in their communities, and succeed professionally.

It's a great program that boasts a 70% graduation rate through the 4 year after school program and 100% of BUILD graduates go on to college.

Continue reading

Why I’m Not Raising Money (Yet)

If you count Mom and Pop shops, the average entrepreneurial venture requires about $25k in startup cash. Talking to Web 2.0 guys, it seems like everyone is out to raise a couple million to put their plans into action and pay their salaries during early stage growth.

I was particularly struck by this article and Nivi's responses which state you should raise "As much as possible". I've also been advised more than once that I should look to add people to our advisory board who can introduce us to sources of possible funding (in other words: VCs and Angels).

For better or worse, we're bootstrapping for now.

Continue reading

Caffeine Killer (Productive Chaos: How to Hurry Without Rushing p. 2)

People really like their caffeine. I guess I should've realized that before, but I got a bit of  flack when I suggested that caffeine was not the most efficient way to get things done in my previous post.

Ok...I get it...coffee tastes great. Fair 'nuff. But I'm sticking to my guns and I'll say it again:

If you have a cup of coffee every day, you’re not actually more awake and aware than if you didn’t have any caffeine at all.

Continue reading

New Year’s Resolution for Entrepreneurs and Startup Mavericks

A resolution for all you entrepreneurs out there:

I will start my own business in 2010!

I will work hard and be successful because I will not be discouraged and I will never give up.
I will talk to a customer every day and find out how I can provide them with value.
I will treat my customers and co-founders with the respect I expect from them.

I will ask for help when I need it, and give help to other entrepreneurs whenever I can.

Once I'm successful, I will turn around and help other entrepreneurs by becoming a mentor.

Happy New Year!

Continue reading

Team/Market Fit is more important than Product/Market Fit

This New Year's Eve, I'm resolving to work on the most important part of my own startup, the team.

Specifically, I'm going to try as hard as possible to deserve to work with my co-founders, who are both more experienced and have a better understanding of technology than I can aspire to. But although I've heard a lot of common sense arguments about the importance of a good team, I find that a good deal of literature on the subject is easily misunderstood.

Continue reading

Merry Xmas!…now shut up and start coding.

Just about every entrepreneur I've met in Silicon Valley knows how to write more than a few lines of code.

The ones that don't are constantly looking for a partner to build their dream product. You know, the one that will make them a billion dollars. I'd guess you'd have to count me among them. But waiting around for a dream co-founder doesn't cut it around here.

That's why this Christmas I'm writing code.

Continue reading