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Viral Growth and Analytics: What does a growth hacker do on a day to day basis? - Quora

This is a great Quora question with a bunch of really cool answers.


A growth hacker's job is to find a scaleable, repeatable way to grow a metric - be it signups, invites, or a certain action (eg - endorsements on LinkedIn). To that end, she looks at the data, finds a baseline and does whatever she can to increase a the desired variable. In order to do this, growth hackers come up with hypotheses and test their hypotheses out.


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Marc Kneepkens's insight:

Great information from some expert people. Some of the answers are very detailed.

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11 Fundraising Ideas for Entrepreneurs Who Don't Want VC Money

11 Fundraising Ideas for Entrepreneurs Who Don't Want VC Money | Pitch it! | Scoop.it
11 entrepreneurs share their advice on fundraising without relying on venture capital.

Accepting cash in the form of VC funding is not the right choice for all entrepreneurs or business models. Although money is always tight, some startup founders decide that they want to go about fundraising a different way—one that doesn't involve giving away big pieces of the equity pie.

Eleven entrepreneurs from the Young Entrepreneur Council (YEC) offer some tips for raising money without relying on venture capital:

To read the full article, click on the image or title.



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Marc Kneepkens's insight:

Many good ideas and solutions you never thought of.

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albert oaten's curator insight, June 19, 2014 3:19 PM

Scrappy alternative  #startup #seed #fundraising without venture capitalists

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Five rules I learned from 7 years of coaching Launch Festival & TechCrunch50

Five rules I learned from 7 years of coaching Launch Festival & TechCrunch50 | Pitch it! | Scoop.it

I’ve been coaching companies like Yammer, Dropbox, SpaceMonkey, Brilliant.org and Mint for the past seven years for the LAUNCH Festival and previously TechCrunch50 (RIP!).

Over 350 startups have been on the stage, including the 40 who will join us on Feb 24-26th at this year’s LAUNCH Festival. Our event has grown from 400 folks packed into the Palace hotel to 9,000+ at the Design Center Concourse.

9,000 people, wow. Might even hit 10,000!

In this time I’ve defined five things about what makes for a great presentation at a conference:

To read the full article, click on the image or title.



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Marc Kneepkens's insight:

These tips are real practical examples. Take a good look.

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Why Venture Capital Investors Should Want to See Your Five Year Financial Proforma - Rockies Venture Club

Why Venture Capital Investors Should Want to See Your Five Year Financial Proforma - Rockies Venture Club | Pitch it! | Scoop.it
A good venture capital proforma should show all years from present through exit to demonstrate your ability to SCALE, justify VALUATION, and plan for EXIT.

Many entrepreneurs and VCs alike are hesitant to produce a proforma for more than two years out into the future.  They claim that it’s impossible to know what will happen and that the third year and beyond are “just numbers.”   While I would agree that nobody expects a startup to perform according to its projections, I am heartily in disagreement with the claim that a five year proforma doesn’t tell us anything.

To read the full article, click on the title.

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Via Marty Koenig
Marc Kneepkens's insight:

Learn to think like an investor is my advice to very Startup pitching to either an Angel Investor or a VC. This is another good article explaining this. Remember that financial projections are an essential part of your business plan.

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Marty Koenig's curator insight, February 12, 2014 3:15 PM

Totally agree with Peter. the numbers going out 5 years show the savvy investor that you are:

1. considerate of what they are used to seeing

2. have thought well beyond the possible about how to get there

3. that you believe you can scale and can put that on paper



And the rest of what Peter says about valuation,investor return, and exit strategy prove that you know what you are talking about. 


So many entrepreneurs think it's all about the PRODUCT PRODUCT PRODUCT. Investors don't really care that much about the product. They care about the people they are investing in. and if the people aren't willing to the the energy and thinking into a 5-year projection are they really the type of people a VC wants to invest in? 


This, I know first hand.  

Marc Kneepkens's curator insight, February 13, 2014 12:11 PM

Another great article by an investor.

Jose Gonzalez's curator insight, February 14, 2014 3:37 AM

Ok...........Thanks

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20 Practical Tips For A Great Business Plan

20 Practical Tips For A Great Business Plan | Pitch it! | Scoop.it

Have you started a new business, or are you contemplating finally launching that venture that has been on your mind for a long time?  If you want to succeed you’ll need a plan.

You don’t need a fancy business degree to be successful, but you do need vision, determination, organization and hard work.  A functional business plan is a good place to start.  This article will give you 20 “practical tips” that will start your business off on the right path.

To read the full article, click on the title.


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Via Daniel Watson, Marc Kneepkens
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Great insights. Well worth reading, highly recommended,
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Alwin Samayoa's curator insight, February 7, 2014 10:06 AM

"Maximize your profit payoff and the speed of completion on every project you undertake to grow your business"

Alwin Samayoa's curator insight, February 7, 2014 10:09 AM

"Maximize your profit payoff and the speed of completion on every project you undertake to grow your business"

Sigrid de Kaste's curator insight, February 8, 2014 4:29 AM

Yes you need a plan...one you can work with, not one that sits in the bottom of your draw...take a look and digest these 20 tips

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Strategies: 7 keys to crowdfunding success

Strategies: 7 keys to crowdfunding success | Pitch it! | Scoop.it
Want to raise money for your new product, company, or creative project? A hot new option, crowdfunding, has all kinds of people — entrepreneurs, small-business owners, inventors, investors, artists, speculators and crooks — excited.

For many years, entrepreneurs and aspiring small-business owners had only two options when seeking investors.They could beg financing from a small group of those closest to them, what's referred to as friends, family, and fools. Or if they had a truly promising concept, they might be lucky enough to raise money from angel investors or venture capitalists.

To read the full article, click on the title.


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Marc Kneepkens's insight:

Good intro to the Crowdfunding concept. Pitching your idea or startup business is a bit different than pitching it to professional investors. Take a look at the 7 keys here to get a better understanding.Want to get more in depth information? Check out this video presentation, very affordable and high quality information: 'Crowdfunding formula.': https://growthink.infusionsoft.com/go/newmoneysource/gt4045/

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3 Dumbass Start-up Mistakes That You’re Probably Making

3 Dumbass Start-up Mistakes That You’re Probably Making | Pitch it! | Scoop.it
Start-up mistakes you're up against and the solutions to turn them around.

In my freshman year of college (2007), my friends and I wanted to start a magazine publishing company aptly named DTO (Defying The Odds) Publishing. We had a great idea for a local periodical that would give out fitness advice and integrate coupons and ad space from local businesses. This was all pre-iPad, so don’t judge me. We were hyped and to this day, I think it would have worked with the correct follow through. We had nothing but free time and the university had even offered to let us use their printing press, there was really nothing standing in our way.. I think one of the media directors had a “thing” for me. It was a slam dunk.

To read the full article, click on the title.

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Simply Friday's curator insight, January 15, 2014 8:46 PM

Quite a long article but an interesting read and doesn't pull its punches on social media marketing and networking - I thought the approach to those two was really rather good - have a read...

Marc Kneepkens's curator insight, January 16, 2014 6:44 PM

Some interesting material for discussion.

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A startup readiness checklist. Founders, can you answer these questions? - Pollenizer

A startup readiness checklist. Founders, can you answer these questions? - Pollenizer | Pitch it! | Scoop.it

You may have seen the Lean Dashboard that we use to track the progress of our startups. Our mates at JFDI in Singapore have just shared a checklist for tracking the big questions. Can you answer these questions?

Can we confidently articulate the big vision briefly and at length?

Do we understand the problem domain as well as most experts?

Have we identified a specific first customer?

Do we bring new insight or design to the field?

Have we confirmed a specific user/customer problem or opportunity through interviews?

Have we built a solution that matches that problem?

Does the solution differentiate from other competitors through a UVP (unique value proposition)? Both sides of the platform.

Have we confirmed a channel to reach our market?

Do we understand the conversion mechanics of our sales funnel?

Can we confirm problem solution fit in the form of an MVP?

Traction and growth?

To read the full article, click on the title.

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Via Jose Gonzalez
Marc Kneepkens's insight:

Great set of questions. Keep track of your progress and check where you are now.

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5 Tips for Attracting Angel Investors

5 Tips for Attracting Angel Investors | Pitch it! | Scoop.it
Are you thinking of seeking out angel investors to fund your startup? Here are five tips to help you sell your business idea and strike a deal.


What do you do when you have a great business idea, but don't have the money to fund it? While some entrepreneurs turn to small business loans or crowdfunding, others seek out angel investors, individuals or groups of individuals who invest in startups in exchange for an equity share of the company.
To read the full article, click on the title.

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Marc Kneepkens's insight:

Good summary of how to prepare to find and present to the right investors.

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P2P lending: What's to worry?

P2P lending: What's to worry? | Pitch it! | Scoop.it

Former FDIC chair Sheila Bair explains why a good idea needs more regulation. (Investors are making good money extending credit to their fellow Americans via crowdlending platforms!

Brother, can you spare a loan?

Investors are making good money extending credit to their fellow Americans via peer-to-peer lending platforms (P2P), such as Lending Club and Prosper. P2P is also good news for borrowers -- most of whom are consolidating debts -- because they can often get interest rates lower than those offered by banks.

Mon dieu! Decent investor returns. Cheaper loan rates. Could this actually be a good financial innovation? Perhaps, but I see some causes for concern.

Securities regulators fret about potential fraud, since the companies don't always document borrower incomes. The cops also worry that investors can't understand how the companies determine the likelihood of default. Says David Massey, North Carolina's Deputy Securities Administrator: "Peer-to-peer investors generally don't have direct access to the information that might let them know whether they're buying into a loan that's going to pay them back, or whether they're taking a flier on a situation that's going to end in a default."

To read the full article, click on the title.



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Therese Torris's curator insight, December 28, 2013 5:13 AM
Expresses concerns that the cost advantage of crowdfunding over community banks might come only from lighter regulation
Marc Kneepkens's curator insight, December 28, 2013 12:43 PM

Good introduction to Peer-to-Peer lending. A good alternative for some.

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Boulevard of Broken Ideologies | The Venture Company

Boulevard of Broken Ideologies | The Venture Company | Pitch it! | Scoop.it
Broken ideologies break the spirit and the opportunities for all people. They are omnipresent, but can be fixed in one fell swoop.

We are all born into systems created by our ancestors. Systems designed to guide our behavior vis-à-vis others, and to prevent uncontrollable chaos. Courtesy of the paradox of freedom. These systems guide, or attempt to guide, anything from finance to production to trade, and the diverse swath of social interactions within them.

 The ideology of a system

However, the problem with many systems is that they age, run out of applicability, and fail to continue to properly address the needs of a changing society. They become dislodged from their founding ideology, had an improper ideology or worse, were never attached to one.

Try this: ask anybody you know about the top-level ideology of The United States, and the stunned silence or confused answers will astound you. With the hesitation of an employee not being able to convey the business model of the company he works for. A bad sign, that will define his and everyone else’s contribution.

Without a good understanding of what ideology these systems support, why they exists, or how they must change to meet the needs of change, they have been feverishly copied around the world, and made pervasive and undeniable.

To read the full article, click on the title.



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Marc Kneepkens's insight:

About treating all people with the respect they deserve, and maintaining a healthy equilibrium with Nature.

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Marc Kneepkens's curator insight, December 25, 2013 12:29 PM

About treating all people with the respect they deserve, and maintaining a healthy equilibrium with Nature.

Great article. Let's get back to basics and put energy in what works.

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What I’ve Learned in My First Month as a VC

What I’ve Learned in My First Month as a VC | Pitch it! | Scoop.it

After 13 years at startups—the last four at Twitter—I’ve made the transition into venture capital as a partner at Redpoint Ventures. It has been just over a month since I began spending my days on Sand Hill Road and in that short time, I’ve learned quickly about working in a tight, seasoned partnership as well as having listened to some of the smartest, most interesting startup pitches.

Thus far, my transition from an operating role into an investing and advisory role has been a rapid, intense education. Some parts of the job are as I expected but others have been surprising. Before it all becomes a big blur, I thought I’d share some of the most interesting and unexpected lessons I’ve learned —so far:

To continue reading, click on the title of the article.



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Looking for VC capital? Learn from the best, watch this presentation by the CEO of Growthink: 'VC Pitch Formula'



Via Guillaume Decugis, Marc Kneepkens
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Guillaume Decugis's curator insight, December 5, 2013 2:27 AM

A candid list of lessons learned from Ryan Sarver that gives interesting insights on how VCs will look at an investment opportunity. Useful to craft the perfect pitch. 

Marc Kneepkens's curator insight, December 7, 2013 11:17 AM

Whether you are a Startup looking for funding, or an investor, looking for the right investment, there is a lot to learn from this article. It's and inside viewpoint that examines the process of funding the right idea and team.

Lori Wilk's curator insight, December 23, 2013 10:30 AM

It's great to learn from what others have tried and experienced so that you can be better prepared.

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Anyone Anywhere Can Build The Next Google -- There Are No Barriers

Anyone Anywhere Can Build The Next Google -- There Are No Barriers | Pitch it! | Scoop.it
A common excuse that entrepreneurs make for not being able to innovate is the lack of venture capital in their region.


A common excuse that entrepreneurs make for not being able to innovate is the lack of venture capital in their region. They argue that because investors are not ready to take a risk, they can’t succeed. Policy makers all over the world make the same excuse. Access to venture capital may have been a problem as recently as a decade ago, but is no longer an inhibitor. The cost of developing world-changing startups has dropped dramatically. With the exponential advances in technologies such as computing, storage, and sensors, entrepreneurs can do what only governments and big research labs could do before: solve big problems.

To read the full article, click on the title.



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Via Marylene Delbourg-Delphis
Marc Kneepkens's insight:

Wow! Great article, must-read for startups and entrepreneurs. There is no more excuse for waiting to get the big funding check. Just do it!

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Guillaume Decugis's curator insight, November 22, 2013 8:48 PM

Several good examples that show how dramatically the cost of creating breakthrough innovations has decreased.

Alba Redin's curator insight, December 1, 2013 7:07 AM

Successful entrepreneurship, who succeed? THose companies who are different, Game changers (they aim to compete on different terms), market entry and tey are in essense guerillas.

Ranjit Kovilinkal's curator insight, December 2, 2013 11:08 PM

The culture of big risk taking has to fall in place in India for something really big to emerge! Any comments?

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How to Tell if an Accelerator Is Right for Your Startup - Tuts+ Business Article

How to Tell if an Accelerator Is Right for Your Startup - Tuts+ Business Article | Pitch it! | Scoop.it

In this guide, discover the evaluation process, and key considerations, to determine whether an accelerator is a good fit for your startup. If it is, insdide are some great tips on how to increase your chances of getting accepted.

With the success of Mark Zuckerburg and many other entrepreneurs, forming a startup is no longer limited to college students looking to change the world. The technology is available today, if you have the right idea and are determined, you can build the next big thing.

Unfortunately, the journey from idea to marketable product is challenging. For a rookie entrepreneur building your network and knowing how to determine if someone is taking advantage of you are two of the toughest lessons for anyone to learn.

In light of the increased interest in entrepreneurship, many investors, businessesand other relevant partieshave begun forming accelerators as a way to help aspiring entrepreneurs rapidly execute their ideas in sheltered environments. Although the concept is novel and in many cases entrepreneurs greatly benefit, accelerators aren't for everyone.

To read the full article, click on the image or title.


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Marc Kneepkens's insight:

It's a big decision to go for the accelerator option. This article gives good insight in the pros and cons. If you're a startup looking for leverage, read it.

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3 Ideas Your Startup Can Steal From Warby Parker

3 Ideas Your Startup Can Steal From Warby Parker | Pitch it! | Scoop.it
By mapping Warb Parker’s success, you’ll find three sweeping, broad ideas your startup can steal and incorporate in its own business plan.

Every so often a company comes along and executes on a business plan so simple that it leaves thousands of would-be entrepreneurs on the sidelines asking one shared question, “Why didn’t I think of that?” Warby Parker, a stylish, high-end eyewear retailer, is one of those companies. Since 2010, the company has sold more than 500,000 pairs of glasses and become an inspiration for other aspiring businesses. 

How’d they do it in such a short amount of time? Their business’ plan was simple: offer a quality product that consumers feel good about buying, all at a price that wildly undercuts the competition. Now, that isn’t exactly a world-shattering idea. But what’s noteworthy, and what your business should pay attention to, is the way Warby Parker has succeeded in bringing its vision to life.

To read the full article, click on the image or title.



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Marc Kneepkens's insight:

Startups are all about innovation, doing things differently. This one really nailed it. There are some great things to learn here.

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The 15 Startup Misconceptions | RockThePost Blog

The 15 Startup Misconceptions | RockThePost Blog | Pitch it! | Scoop.it

Nowadays, entrepreneurship is a popular path, and the barriers to launching a company are lower than ever.  What used to cost millions of dollars in servers for tech startups now has been reduced to $5,000.

Additionally, legislation is changing up the entire landscape of fundraising – from the way you are able to advertise your raise on venues such as Twitter or LinkedIn to (soon) being able to receive outside capital from investors that don’t qualify as accredited (only 1% of the US qualify).

There is no doubt that the entrepreneurial life is glorified, and in our time of equity crowdfunding for startups at RockThePost, we’ve seen many misconceptions about startup life that aspiring entrepreneurs hold to be true. Here are the 15 Startup misconceptions we see the most.

To read the full article, click on the title.


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Marc Kneepkens's insight:

There is a huge world of potential out there. Streamline what you have, start with a great plan and learn, all the way. The millions and billions never came easily.

I would suggest, start with a business plan, it'll make you look at your idea or project a little differently. It helps you face reality.

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Infographic: What's the best small business funding for you?

Infographic: What's the best small business funding for you? | Pitch it! | Scoop.it

SmallBusinessHeroes.co.uk has put together this nifty comparison table with the key considerations for each form of funding.

To view the infographic in detail, click on it on click on the title.


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Marc Kneepkens's insight:

Maybe a little over simplified, but this infographic gives a basic understanding of different funding methods. Good overview to help you make up your mind.

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How to nail your seed round

Primer on raising seed capital for first time and experienced startup founders and employees.

Click on the title to see the Slideshare deck.


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Via Guillaume Decugis
Marc Kneepkens's insight:

This is a great deck including all the steps of raising seed funding for a startup. It's very detailed, and presented by a venture capitalist. It's the most complete step-by-step guide that you'll find. Of course, guidelines like this are not going to create it for you, but at least, you get some idea of the process and what it involves.



Read more about funding at www.Business-Funding-Insider.com

  • Tools and articles to help get funded
  • Free Listing of your Investment Proposals & Crowdfunding Campaigns
  • Learn what investors are looking for
  • Deal Flow
  • Free Business Plan Template
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Guillaume Decugis's curator insight, February 3, 2014 5:02 PM

Lots of very useful insights in that must-see very detailed slideshare by Steve Schlafman from RRE Ventures.


I wish it described a little more the conditions that a startup need to reach to become interesting for VCs. To build on slides 58-60, I would add:


1. Team: there's little hope in seeing seed VC's with the hope they'll help you complete it.


2. Growth model: traction is cool but mean different things to different people. I'd rather talk about a growth model that explains how the company will grow fast and that is backed by min 8-12 weeks of solid data. 


3. Market ambition: while business plans are mostly useless at seed stage, it's important in my opinion to show there are adressable markets within reach if #2 works well to justify raising from VC's and providing them with a return.

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The Importance of Market Research for Startups

The Importance of Market Research for Startups | Pitch it! | Scoop.it
There’s nothing new under the sun! If there’s one thing you take away from this post, please let it be that! I don’t care how innovative you think your idea is, there is a 99.9% likelihood that someone has thought of it before and tried to do something about it. The iPhone wasn’t the first smartphone and Facebook wasn’t the first social media site to ever exist.

To read the full article, click on the title.

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Via The Fish Firm
Marc Kneepkens's insight:

Take a look at this link to discover Free Sources of Market Research: https://growthink.infusionsoft.com/go/research/gt4045/

It comes with a free directory of Top Investors. Another excellent Growthink product.

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Mark Solomons's curator insight, January 20, 2014 6:44 PM

a good read year 12, jus as we are about to begin market research...

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A VC’s 10 startup secrets he wishes he had known as an entrepreneur

A VC’s 10 startup secrets he wishes he had known as an entrepreneur | Pitch it! | Scoop.it


Much of what I’ve learned during this multi-decade-long adventure I’m sharing openly as some simple “Startup Secrets” and Case Examples to frame discussion with the goal of helping entrepreneurs to avoid common pitfalls. Here are ten to get you going.

 

Startup Secret #1: Don’t be afraid to say “no” more than “yes.”

As a startup, you will be defined as much (or more) by what you say “No” to as what you say “Yes” to. Perhaps the single most important Startup Secret is to find your focal point.

 

Startup Secret #2: Recognize what is right “4U”

As you work to position your startup and develop your Value Proposition, focus on addressing what I like to call the 4Us:

-- >  Is the problem Unworkable? Does your solution fix a broken business process where there are real, measureable consequences to inaction? Will someone get fired if the issue is not addressed?  

-- >  Is fixing the problem Unavoidable? For example, is it driven by a mandate with implications associated with governance or regulatory control?

-- >  Is the problem Urgent? Is it one of the top three priorities for spend? 

-- >  Is the problem Underserved? Is there a conspicuous absence of valid solutions to the problem you’re looking to solve?

 To read the full article, click on the title.


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Via iNeoMarketing, Luis Costa, Marc Kneepkens
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iNeoMarketing's curator insight, January 12, 2014 8:09 PM

Too soon to crown a piece of writing "article of the year?"


It's applicable to any entity looking to launch a product. Absolutely brilliant!!!

Cinda Cupido PhD's curator insight, July 8, 2014 6:35 AM

Great article. Much food for thought for entrepreneurs starting out or starting over! 

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US urged to foster startups

US urged to foster startups | Pitch it! | Scoop.it

When Twitter raised $1.8 billion in one of the largest initial public offerings last year, investors and entrepreneurs celebrated.Twitter’s public reception provided more capital for it to grow and add workers, stimulating the economy. It will create wealth for many more shareholders if the company continues to grow over time. And, coming a year after Facebook’s IPO, Twitter’s successful offering primes investors’ enthusiasm for future tech companies’ offerings.But Twitter’s achievement highlights something missing in the U.S. economy: Why aren’t there more Twitters?

To read the full article and see more charts, click on the title.


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Marc Kneepkens's insight:

Good point, the government needs to know how and where to stimulate the economy, and what better place to do that than with startups?

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What It Costs to Run A Startup Broken Down by City

What It Costs to Run A Startup Broken Down by City | Pitch it! | Scoop.it
Staff.com’s infographic compares the cost of running a startup (getting an office and hiring two web developers and one designer) in various cities around the world.

From highest to lowest costs, these are how the eight cities selected ranked, based on annual costs to run a startup: Zurich, Switzerland; Sydney, Australia; New York; San Francisco; London; Paris; Mumbai,India; and Manila, Philippines.


The cost to run a startup in the US is about $297k in NY and $263k in SF per year.
The most expensive places to run a startup are Zurich at $315k and Sydney at $310k per year.
Web designer average salary is $79k in SF and in NY $76k at a startup.  
The cost of a web developer is $88k in NY and $81k in SF per year at a startup.
Startup office cost in the US: $46k in NY and $22k in SF per year.

To see the Infographic, click on the title.



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Marc Kneepkens's insight:

Very relative numbers. A lot of startups get started by web developers or a team of developers.

They usually start from their homes.

Location is not that important anymore.

Do some 'out-of-the-box' thinking. A Startup is not necessarily an expensive matter anymore. Be creative.

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Commentary: The year that was in tech, and what's ahead

Commentary: The year that was in tech, and what's ahead | Pitch it! | Scoop.it
SAN FRANCISCO – Was it the beginning or the end? As 2013 hurdled to its conclusion, the debate on 2014 had just begun: Is the tech industry on the verge of a renaissance or is the bubble about to burst?

 The glass-half-full types point to Twitter's titillating IPO; the other half insist that's when investors cashed in on social media's hype.

The truth, as always, is somewhere in the middle. It's indisputable Twitter's public offering will usher in a wave of IPOs. But the payoffs may not match the froth of the microblogging service, forcing would-be IPO candidates to seek corporate suitors. Indeed, Twitter shares are hovering near $65, up 44% from its opening day of trading Nov. 6.

The social media storm comes against a backdrop of wrenching changes. Tech's old guard — Microsoft, Hewlett-Packard, Dell and Cisco Systems — continues to wrestle with the slowly dying PC market; smartphone sales, meanwhile, are expected to top 1 billion in 2014 — roughly three times the population of the USA. (By early October, there were more than 1.5 billion smartphones in use worldwide.)

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Via Marylene Delbourg-Delphis
Marc Kneepkens's insight:

Tech is creating a revolution. Hardware, software, and just about every aspect of our life. Startups are taking advantage of this situation. Funding is soaring. Startups are taking off!

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Katie Renati's curator insight, December 26, 2013 8:01 PM

A good read as we are heading into 2014.

I like the quote from Eric Schmidt that explains Google's innovation model: "The way Google runs is a sort of bizarre, bottoms-up innovation model, where people are encouraged to think outside the box. These ideas actually came from the bottom up."

sand0z's curator insight, December 27, 2013 3:55 AM

A look back at 2013 and some hints for what's coming in 2014.

Rescooped by Marc Kneepkens from Angel Investors Funding
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7 Signs You’re Fundraising Too Early

7 Signs You’re Fundraising Too Early | Pitch it! | Scoop.it
Perhaps it’s the new ”American dream” of scaling like Zuckerberg or selling like Systrom, but every entrepreneur seems to think that if they’re going to make it big, they have to raise money asap.

The amount of money you raise has become associated with your perceived success, credibility, respect in the valley… as if you have to raise money to be legit.

As a result, way too many startups are raising money way too early.

I know this to be true, because I’ve been one of those people.

This past summer we spent about 3 months of our time trying to raise money. We weren’t successful. The truth is, it was too early to be fundraising. I know that in hindsight, but at the time I convinced myself otherwise.

We had taken $50,000 to join the 500 Startups accelerator which is built to help you fundraise and grow. After a couple pivots we still hadn’t figured out our product-market-team fit yet but figured if we could play the fundraising game right, we could still raise our round. Hell, we got into 500 because they liked our team, who’s to say we couldn’t get other investors on board?

That’s the story that’s told so often. You have to pitch 100 investors before one says yes, then the other investors you spoke with will want to get in as well. You have to create the perception that they’re going to miss out on a deal and that time is limited. If you know how to talk to investors with confidence and create the perception of demand, you’ll raise your round.

We bought into that idea…all in.

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Via Guillaume Decugis, Marc Kneepkens
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Marc Kneepkens's curator insight, December 13, 2013 5:19 PM

Get ready first, the more ready you are, the easier money will follow.

This is a great article from a real entrepreneur. Great read, but don't just read, apply his conclusions to your fundraising.

Better even, take a look at the video 'Why are you doing this?' right above this window.

Marc Kneepkens's curator insight, December 13, 2013 5:29 PM

If you are serious about succeeding with your Startup, including Fundraising, building a great company, and exiting that company when the time is right, take a look at this video. This is Startup School at its best!




Why are you doing this? Why are you an entrepreneur? Watch this video! https://growthink.infusionsoft.com/go/gic/gt4045/


Lori Wilk's curator insight, December 15, 2013 11:50 AM

As we launch, we want to build on a structure and a solid foundation, most of us have lots to learn.

Rescooped by Marc Kneepkens from Business Improvement
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7 Practical Tips To Running an Empowered Small Business

7 Practical Tips To Running an Empowered Small Business | Pitch it! | Scoop.it

Running a small business has a feeling of liberty about it. Be your own boss, control your own destiny, make your own decisions and travel your own journey. Your work/life balance can be controlled by you and not your employer.

But there is a dark side that isn’t talked about for many small business owners. Small business as a rule of thumb is dominated by taxation and cash flow issues. What ensues is a heavy focus on credit cards and the banking system as a fix, but this transfers the problem and causes an increase in fear and anxiety.

There is a light at the end of the tunnel but you have to first see the cage you have created for yourself.

Typical situations small business get themselves into:

  • Spending cash that should have been accrued (saved up for) to be used for tax liabilities.

  • Reliance on growing your business from repeat capital raising.

  • Having an originating revenue business model (as opposed to recurring revenue) where you have a bad sales month.

All three lead to debt or foreclosure and inevitable stress. Here are my top seven practical actions to a better business.

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Via Daniel Watson
Marc Kneepkens's insight:

Tips that come from practical knowledge. Every startup should read this.

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Zahid Yakoob's curator insight, November 27, 2013 12:47 PM

7 Essential top tips to help manage your business through the dark days.. hope it never happens but essentail reading as it covers the basics of running your buisness.

Jeremy Barton's curator insight, November 29, 2013 1:41 AM

Two things that jumped out at me, Listen to your employees, clients and your market. The other was to reinvest profits to grow your business

cashflow tuna's curator insight, November 29, 2013 5:18 PM

As the EOY slowly approaches, these few reminders will help every small business end 2013 with stronger cashflow and lower tax liability.

 

Small and medium size business owners without a team of analysts or accountants on hand often wait for the final hour until reality sets in. The brutal reality of not enough sales, spending too much money, and hindsight of a poorly managed staff.  Review the practical tips in theis article to start getting ahead of the game.