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Startups Vs. Fortune 100: Keep Thinking Like a Startup

Startups Vs. Fortune 100: Keep Thinking Like a Startup | Startup Revolution | Scoop.it

Thinking Like A Startup
Startups have to be innovative and nimble. This post from FoxBusiness suggests continuing to "think like a startup" is a good idea no matter what stage of Biz Dev you are in.

The tendency, the post explains, is to bring in a "professional management" layer too early. That layer is used to the big budgets of the Fortune 1000 and can't thrive in startup land.

I have an interesting perspective since I left a Fortune 1000 company to start FoundObjects.com. Here is what was difficult about that transitions:

* Was used to legitimacy being granted automatically.
* Had to train & develop new muscles because we had NO MONEY.
* Had to solve problems differently because we had NO MONEY.

* Planning cycle shortened and became more about MONEY today instead of market domination tomorrow.
* Tactics changed because low hanging less expensive to develop fruit had to come to the top.
* Partnerships changed because we had to trade things other than money and that usually meant looking for partners in similar stages of development.

That last bullet is a key. Don't try and pitch a Fortune 1000 when you are a startup unless you are trying to sell them something and only do that when invited. You can't crack those vaults, tempting as it may seem, unless they are already interested.

This means you have to create alliances with companies in similar stages of development or maybe one or two steps up the ladder. Hit singles to learn how to hit homers.

QUANTITY in startups is often more important than quality and it RARELY is when working for a giant. Giants can afford to be snobs, startups can't. Why I like startups :).M

Martin (Marty) Smith's insight:

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Creativity More Valuable Than Passion for Startup Entrepreneurs

Creativity More Valuable Than Passion for Startup Entrepreneurs | Startup Revolution | Scoop.it
What is the most important quality of an entrepreneur?

Via Kamal Bennani, Hannah Kramer
Martin (Marty) Smith's insight:

Working on my 4th company (CrowdFunde) I agree creativity is more important than passion. I've created companies based on passion and they don't dance as well. 

Passion can be limiting. The "blind side" of passion is bigger. When you develop a company that is the barest outlines of something you know will change 10x before launch it "dances" better. 

It is important to be passionate about your belief in the movement you've joined. Successful entrepreneurs don't make any money until one magic day they do.


Money is an important scorecard, one tht builds confidence and the ability to do it again (why there are so many "serial startup entrepreneurs"). 

But money can't be the main motivation or you will never make it out past the breakers. Any startup will wobble, fall and drown a little before it learns to surf. If money is the only motivation or you are so passionate you can't see the wave about to hit you and your new company then you drown. 

Drowning a little is also part of the game. So never give up. Come up for air, up your creativity and go again.  

 

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CAP Brand Marketing's curator insight, January 29, 2014 4:26 PM

Creativity is the ultimate trump card for Entrepreneurs. 

Ernest Collett's curator insight, February 4, 2014 2:59 AM

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CrowdFunde Name Change Poll: VOTE NOW VIA @CrowdFunde

CrowdFunde Name Change Poll: VOTE NOW VIA @CrowdFunde | Startup Revolution | Scoop.it

Startup Life
The startup life is one of equal parts hard work and serendipity. As we began to build, think about and share the tool we saw in December it morphed and moved on by. Below the poll is an explanation about why we got to the point where a name change is needed:

http://www.crowdfunde.com/marketing/crowdfunde-name-change-poll/

Hope you will VOTE, SHARE and COMMENT as we search for a name relevant to the opportunity we see


Thanks, Marty, Phil & CrowdFunde (or whatever we become :) Team

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The Powerful Rise of Google [Infographic]

The Powerful Rise of Google [Infographic] | Startup Revolution | Scoop.it
Did you know that Google raked in $50 billion in 2012? It has come a long way its early days, back when it was known as BackRub.

Via Ana Cristina Pratas, Martine Boucher
Martin (Marty) Smith's insight:

Funny. On the day of the Facebook offering I heard major players discuss how they were doubling down on Google while limiting their Facebook investments confirming a trend everyone in my tribe of Internet marketers felt - Google's resurgence. Great infographic here showing just how broad, wide and powerful Google's "resurgence' is and we are only half way through the second act.

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John Thomas's curator insight, February 7, 2014 7:39 AM

The Rise of Google [Infographic] |