This is going to be BIG.
SEPTEMBER 13, 2012
Tweet. Note: I led First Round's investment in Docracy in 2011, but I do not have any financial ties to the company and will not benefit or suffer, other than emotionally, based on the outcome of that investment. Docracy, born out of Techcrunch Disrupt's 2011 Hackathon, just brought legal negotiations into the cloud with their new Super Signing feature release.
Both Sides of the Table
SEPTEMBER 10, 2012
You know the old saying about trust … “It takes years to build and seconds to destroy.” And once destroyed it is very difficult if not impossible to repair. You need to be the guardian of your own reputation. You need to constantly ask yourself whether your actions in rapidly scaling an online community are worth the potential downsides of destroying trust amongst your users.
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Gust
SEPTEMBER 9, 2012
Amilya Antonetti image via Entertainment Resource Group. It takes a great entrepreneur with a great vision to start a business, but it takes a collaboration of many people to make it a success. That’s where leadership comes in as a key ingredient, to drive the collaborative process to make the whole team better than the sum of the parts. I remember a book from a while back by Amilya Antonetti, titled “ The Recipe: A Fable for Leaders and Teams ” which illustrates the key concepts with stories an
Tomasz Tunguz
SEPTEMBER 9, 2012
It’s a common refrain that venture backed IPOs have struggled in the past decade. For a long time, I believed and wrote supporting arguments underscoring the idea that the principal causes of this decline were Sarbanes-Oxley costs, decreasing equity coverage and decimalization of exchanges. But that’s wrong. A paper published earlier this year uses statistics to debunk these hypotheses.
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This is going to be BIG.
SEPTEMBER 12, 2012
I get on a whole host of these tech blogger lists where PR firms just spam a whole bunch of folks trying to get people to write about their book/startup/event. It just creates a To Do in my inbox. It's kind of annoying because I write a personal blog. I'm not a journalist by trade so I'm really not an appropriate person to pitch in such an automated way.
Startup Catalyst Brief brings together the best content for the entrepreneurial ecosystem from the widest variety of industry thought leaders.
Gust
SEPTEMBER 11, 2012
One of the more stubborn problems in building a business is the paradox of consistency vs. the pivot. . Consider this: It’s better to have a mediocre strategy consistently applied over three or more years than a series of brilliant strategies, each applied for six months or so. But too often people get bored with consistency and drop a working strategy long before the market understands it.
Berkonomics
SEPTEMBER 13, 2012
This may be news, but boards of directors can offer bad advice. A typical board is composed of five persons in a company that has received outside funds from professional investors. Two members usually represent the founders or management, two are from the investors, and one is often elected by the four to represent the industry in which the company works.
This is going to be BIG.
SEPTEMBER 14, 2012
Among the 99 problems that startups have, here are a few: - I have advisors and don't know how to make great use of them. - I have cheap junior people that hustle but they're not very experienced. - I don't have enough money to pay for all the people I need. Here's a solution that can be used in any area: marketing, technology, product, etc. Hire someone cheap who can hustle.
Tomasz Tunguz
SEPTEMBER 13, 2012
Last year, I set a goal of adding 100 followers each week starting at 2000. I crossed the 3500 follower mark on Twitter this week. I’ve fallen a bit behind that goal but I have a wonderful group of people who actively engage with me on Twitter who are interested in the same things I am. As I’ve been cultivating this audience and community, I kept asking myself a question: who are most of these followers?
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Gust
SEPTEMBER 13, 2012
It’s generally not a good idea for an initial investor to own more than 50% of a company (although there are always special exceptions), because the odds are that by the time the company is fully funded (and hopefully successful), the entrepreneur/founder’s equity will be reduced to such an extent that it will have effectively eliminated an incentive for him/her to continue building the company’s value.
This is going to be BIG.
SEPTEMBER 10, 2012
I did the NYC Century Tour yesterday--a 100mi bike ride around the city sponsored by Transportation Alternatives where thousands of riders are circumnavigating the far reaches of the boroughs on two wheels. It was a great day and the weather couldn't be better. One thing that struck me is how diverse the cityscape is outside of Manhattan. Biking through the streets of Far Rockaway, it could not have felt further removed from dodging traffic down Broadway.
Tomasz Tunguz
SEPTEMBER 12, 2012
When serving B2B customers, your pricing will be dictated by your customers' margins. The more money they make, the more they can pay for new technology. Most businesses fund new initiatives including marketing and technology projects from profits. The more profits a company generates the greater their willingness to pay for services and ultimately the larger the market size for a startup.
Tomasz Tunguz
SEPTEMBER 10, 2012
“Facebook has built the cities, they’ve built the town squares”. Dave Morin , founder of Path. Is building a social network is like building a city? I watched Urbanize , a documentary describing urban design and the affordances cities must make to cultivate vibrant communities. The words of urban designers echoed many of the challenges faced by networks as they grow.
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