Public Relations & Social Media Insight
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Public Relations & Social Media Insight
Social media, PR insight & thought leadership - from The PR Coach
Curated by Jeff Domansky
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135 Startup Failure Post-Mortems

135 Startup Failure Post-Mortems | Public Relations & Social Media Insight | Scoop.it

No survivorship bias here. A compilation of startup failure post-mortems by founders and investors.

On his many failed experiments, Thomas Edison once said,

"I have learned fifty thousand ways it cannot be done and therefore I am fifty thousand times nearer the final successful experiment."


And so while we have dug into the data behind startups that have died (as well as those acqui-hired) and found they usually die 20 months after raising financing and after having raised about $1.3 million, we thought it would be useful to see how startup founders and investors describe their failures.  


While not 50,000 ways it cannot be done, below is a compilation of startup post-mortems that describe the factors that drove a startup’s demise.  Most of the failures have been told by the company’s founders, but in a few cases, we did find a couple from investors including Roger Ehrenberg (now of IA Ventures) and Bruce Booth (Atlas Venture). They are in no particular order, and there is something to learn from each and every one of them....

Jeff Domansky's insight:

This is absolutely essential reading for every inventor, founder, business and technology startup, VC and entrepreneur. Highly recommended. 10/10

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Rewriting Cheezburger Saved My Life | Ben Huh

Rewriting Cheezburger Saved My Life | Ben Huh | Public Relations & Social Media Insight | Scoop.it

I am Ben Huh. The LOLcats guy. The story of our new app is one of success, reward, failure and redemption.


I want to tell you the entire story of how this app came to be, with all the guts and gore. Though the app itself was designed to entertain you, much of its development was anything but. Yet I believe that the story of this product is the universal story of entrepreneurship. To me, this release is my redemption.


Entrepreneurs usually share only the happy, proud announcement of a new product. We sweep aside the failures that hounded us along the way, as if we believe that a celebration is no time for honesty. Yet every new product has a painful history....

Jeff Domansky's insight:

A moving story and Ben Huh's redemption. recommended reading for entrepreneurs and start ups. 9 / 10

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We listened to the people, not the problem | Medium

We listened to the people, not the problem | Medium | Public Relations & Social Media Insight | Scoop.it

We are about to launch our second product (HookFeed), but it’s not our second launch. We’ve been doing countless mini-launches (alpha versions) for months now with both HookFeed and Minimalytics — and we keep making the same damn mistake:


Giving users too many choices…Below, I’ve illustrated our mental excursion from key iteration to key iteration across both products in search of simplicity.


TLDR: We’ve been reminded (brutally) that as product people we need to make the hard choices up front if we want any of our products to succeed. The vocal minority isn’t usually right and ultimate flexibility isn’t really what people want or need....

Jeff Domansky's insight:

If you're an entrepreneur or start up, and you can only read one article this week, this is the one! Joelle Steineger tells how she and her partners overcomplicated the hell out of both of their products. The results were disastrous and just as difficult to avoid the second time around. Great business storytelling and lessons. Highly recommended. 10 / 10

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7 Shortcuts for Building an E-Commerce Startup to $1M in 12 Months - Clarity

7 Shortcuts for Building an E-Commerce Startup to $1M in 12 Months - Clarity | Public Relations & Social Media Insight | Scoop.it

This isn’t any of that wishy-washy BS. Winter shows you 7 crucial shortcuts for building an e-commerce site that made $1M in revenue in a cool 12 months.


If you had 18 months to make a million dollars, what would you do?


One entrepreneur, Justin Winter, is deciding to sell candles with a twist. And he’s projected to hit that milestone of making those millions.


Justin Winter is one of our hottest experts in e-commerce marketing on Clarity. Why?


Winter built a $12M run rate in 18 months for his startup


He is the co-founder and CEO of Diamond Candles, a bootstrapped, vertically integrated online home fragrance brand


Diamond Candles has been recognized as an Internet E-Retailers 2013 “Hot 100” e-commerce sites alongside Warby Parker, Bonobos and Sneakpeeq...

Jeff Domansky's insight:

Insight and inspiration... and a great reminder that social business can succeed.

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The Entrepreneur Beating Amazon At Same-Day Delivery | Fast Company

The Entrepreneur Beating Amazon At Same-Day Delivery | Fast Company | Public Relations & Social Media Insight | Scoop.it
Carmeli argues that with all the fretting of Amazon’s ability to chew up smaller, or less agile retailers, the companies themselves are missing a huge opportunity to gobble up Amazon’s share of their market. "They have one thing Amazon doesn’t," Carmeli contends, "their inventory is within five miles of 90% of the population."So while Amazon is scrambling to build distribution centers and pumping up algorithms to anticipate orders and deliver by drone, Carmeli says retailers have the power to enable same-day delivery already....
Jeff Domansky's insight:
Retailers are worried about competing with Amazon, but the cofounder of a crowd-sourced, same-day delivery service has figured out another way.
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Former Apple CEO John Sculley: We Need to Embrace Failure as a Way to Learn

Former Apple CEO John Sculley: We Need to Embrace Failure as a Way to Learn | Public Relations & Social Media Insight | Scoop.it

Steve Jobs, John Sculley, Steve Wozniak at Apple


John Sculley, formerly CEO of Apple, recently visited our office to do a Q&A. 

Below is a lightly edited transcript of our conversation. We talk about what really happened at Apple with Steve Jobs in the 80s, what it's like to be fired, and why entrepreneurs should buy his new book. 

Business Insider: So let’s just start at the most famous moment. You’re known probably best for firing Steve Jobs, right? What was the thinking there? Is that something that’s been mis-remembered pretty horribly through history?

JS: Yeah, well, first of all there’s no accuracy to it at all. It’s one of those things that became a myth.

BI: Okay.

JS: The reality is that I was brought into Apple to bring consumer marketing to Apple, because Steve was getting ready to launch the Macintosh in a few years, and to turn around the Apple 2 because it was the only source of cash flow the company would have for three more years....

Jeff Domansky's insight:

Reinventing John Sculley and what really happened with the firing of Steve Jobs at Apple. Recommended reading for entrepreneurs and business leaders.  9.5/10

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Алла Миргородская's curator insight, October 27, 2014 4:41 AM

добавить ваше понимание ...

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Declutter Buys Every CD, DVD, And Video Game That You Don't Want Anymore | Fast Company

Declutter Buys Every CD, DVD, And Video Game That You Don't Want Anymore | Fast Company | Public Relations & Social Media Insight | Scoop.it

And here's the craziest part: It still makes a ton of money. Welcome to the strange world of Decluttr.


Someone once gave me a CD of heavy metal Hanukkah songs called Gods of Fire. It was funny for a minute. Then it sat on a shelf for years, because I didn’t want to throw it away and it’s not like anyone on eBay would buy it from me, but I finally found a taker. The new company Decluttr paid me $2.85 for it, which, when combined with a bunch of other crap I sent them, netted me a total of $45.95. Decluttr buys anything--because that’s their business model. They will literally buy any CD, DVD, or video game you want to mail them. And they pay the postage, too....

Jeff Domansky's insight:

On the internet, there's a business opportunity everywhere!

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11 Little-Known Apps That Entrepreneurs Can't Live Without

11 Little-Known Apps That Entrepreneurs Can't Live Without | Public Relations & Social Media Insight | Scoop.it

As an entrepreneur, I look to others to tell me about the latest apps, time-savers, hacks, and tricks. However, no female founders were interviewed. So I decided to do one with all women. Below is just a small sampling of the great female entrepreneurs and some of the apps--business and otherwise--that they can't live without.I culled a list of some kick-butt women entrepreneurs whom I look up to and a few I'm lucky enough to know. Clearly, I have a lot of downloading to do....

Jeff Domansky's insight:

This is a really excellent last with a lot new-to-me apps worth checking out...

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cyn's curator insight, July 10, 2013 10:51 AM

Interesting collection of tools, and insight by the users.

Phil Lauterjung's curator insight, July 11, 2013 10:44 AM

This is really good list with some known and unknown apps that are very, very helpful. What would you add to the list? Any really good finds that they left off?

 

 
Social Success Marketing's curator insight, July 29, 2013 7:01 PM

These are great tools to check out for businesses who wanted to stay on top of different things - from notes, to emails to vids, etc.