That word “pivot” keeps coming up during this crisis. If you provide services in person or have a physical space, you literally cannot keep doing what you were doing before. Is this temporary or is this the time to rethink what you sell, who your customers are? This webinar, in partnership with EforAll, was recorded on April 8, 2020.
Stephen Blank describes a startup as an organization formed to search for a repeatable, scalable, profitable business model. They are not small versions of large corporations. A well-run startup is like a laboratory, testing hypothesis, comparing actual results against expected results, and constantly executing small pivots until a company is born. Or unit the cash […]
The classic treasure hunt story always centers around the map. First, our heroine has to find the map. Then she has to decode the map. And then finally, she needs to follow the map, navigating dangerous obstacles along the way to riches beyond her wildest dreams. Building a startup is a lot like this. Once […]
I had two meetings last week with first-time founders, each building a company in an industry where they had no real experience, pre-product, asking for advice about raising a round of angel funding. I told each of them the same thing. Get further down the product development path. Make sure you’re on the right track. […]
Digiday published an interesting piece yesterday on the subscription pricing strategy of the Daily Beast. For those that don’t know, the Daily Beast is a news and opinion site owned by IAC that was originally founded by Tina Brown in 2008. It has publicly struggled to find a sustainable business model over the years. When […]