Sat.Dec 22, 2012 - Fri.Dec 28, 2012

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4 Startup Tenets for Extreme Focus on Customers

Gust

Image via Facebook. New product startups rightfully begin with a heads-down focus on creating the ultimate product – whether it’s a new technology, a new look and ease of use, or a new low-cost delivery approach. Most then add customer service at the rollout, but very few really understand what it means to be truly customer centric, and even fewer really achieve it.

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The “Hold Your Nose” theory of legal documentation

Berkonomics

Investors sometimes join into investment rounds that have been pre-negotiated by others, receiving the paperwork already created by attorneys from that negotiation. It is not uncommon for a sharp investor to discover a “stinky” clause or two in such agreements when reading them in preparation for signing. Bill Payne came across just such a stinky clause in a recent deal we both were late in the process of joining.

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Making a list, checking it twice: Prepping for 2013

This is going to be BIG.

I run a weekly newsletter of tech events in NYC where I throw in some other musings as well. This week, I thought about the holiday break and some things people could think about to have the kind of 2013 they want to have--more positive, more interesting, more authentic. I suggested making some lists, and so I've published them here: Three people I’m actually friends with that I would like to be better friends with.

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Favorite Longreads of 2012

abovethecrowd.com

Over the past several years, I have become a huge fan of Mark Armstrong’s web service, Longreads. For those of you that don’t know, Longreads is a Twitter handle ( @longreads ), and a web service ( www.longreads.com ) that points to the best long form content on the Internet. At its core, it’s an amazingly effective editorial and discovery engine. Combined with a product like Instapaper, it creates an online/offline reading experience that feels purpose-built for a tablet world.

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Digitalization: 5 Tech Updates That Will Help You Survive The Recession & Thrive

Lack of digitalization decreases business competitiveness. To thrive, embracing modern solutions becomes essential. The approach to digitalization often aligns with a company's business model. This shift not only boosts productivity but also automates processes and improves security. The tech market offers a wealth of technologies tailored for management, planning, and forecasting, replacing outdated pen-and-paper methods.

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How would you break down the process of raising an angel round of investment in 5-10 steps?

Gust

1. Understand your business. It sounds obvious, but the majority of entrepreneurs who pitch me have obviously never thought through many of the major issues surrounding their companies. You should know EVERYTHING about your business, product, customers and competition. You should know every metric regarding customer acquisition, conversion and retention.

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