Ideas for entrepreneurs
17.4K views | +0 today
Follow
Ideas for entrepreneurs
Serial entrepreneurship is constant learning. Here's what I found impacting.
Your new post is loading...
Scooped by Guillaume Decugis
Scoop.it!

Startup Metrics, a love story.

Everything you need to know about Startup Product Metrics.

Guillaume Decugis's insight:

I've seen many decks on startup metrics including Dave Mc Clure's very rough but great 'startup metrics for pirates' but this deck by Andreas Klinger is juts awesome. It is comprehensive, precise and actionable. Plus there are tons of great benchmarks in there. 


Read it and I'm sure you'll find at least a couple of things you'll want to immediately experiment with to make your startup product better. 

Oliver Durrer swissleap.com's curator insight, October 21, 2014 4:26 PM

Comprehensive and actionable. A great guideline.

Rescooped by Guillaume Decugis from Is the iPad a revolution?
Scoop.it!

How the AppStore model made WhatsApp's valuation possible

How the AppStore model made WhatsApp's valuation possible | Ideas for entrepreneurs | Scoop.it

From zero to $19B of business value in five years; WhatsApp's sale to Facebook is an important moment in the history of the consumer web. The deal proves distribution, reach and large user bases aren't the competitive moats they once were. Apple's App Store and Google Play have leveled the playing field to such an extent that a startup can command 10% of the market cap from a $200B company.

Guillaume Decugis's insight:

Interesting point of view of Tomasz Tunguz on what the AppStore model had to do in WhatsApp's massive valuation.


I'm not sure I agree with everything he writes though. Yes, the AppStore is very competitive and the old tricks don't work there. Yes, increased competitions and a short-tail distribution means higher outcomes and rewards for those who make it. But I'm not sure the model is that virtuous:


- first, I'm not sure it favors innovation that much: web sites are optimized on a daily basis (or actually often multiple changes per day) while Apps need to go through approval processes and tests, etc...


- second, as Andrew Chen pointed out, this hit or miss market the AppStore is means that mobile startups are failing without a second chance to iterate and come out with the right product. 

Guillaume Decugis's curator insight, February 24, 2014 9:52 PM

Interesting point of view of Tomasz Tunguz on what the AppStore model had to do in WhatsApp's massive valuation.


I'm not sure I agree with everything he writes though. Yes, the AppStore is very competitive and the old tricks don't work there. Yes, increased competitions and a short-tail distribution means higher outcomes and rewards for those who make it. But I'm not sure the model is that virtuous:


- first, I'm not sure it favors innovation that much: web sites are optimized on a daily basis (or actually often multiple changes per day) while Apps need to go through approval processes and tests, etc...


- second, as Andrew Chen pointed out, this hit or miss market the AppStore is means that mobile startups are failing without a second chance to iterate and come out with the right product. 

Scooped by Guillaume Decugis
Scoop.it!

How to nail your seed round

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

Guillaume Decugis's insight:

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.

No comment yet.
Scooped by Guillaume Decugis
Scoop.it!

What I Learned Building Medium (So Far)

What I Learned Building Medium (So Far) | Ideas for entrepreneurs | Scoop.it

We’re now eight months into building Medium, having started in earnest in February of this year (...) We haven’t opened up, tried to grow, or, certainly, proven we have product/market fit (...) Still, it’s been educational. Here are some of my observations this time around.

Guillaume Decugis's insight:

Are you guaranteed success when you have unlimited resources and luxuries from being one of the most successful startup founders of these past 10 years? 


No.


These insights are a great answer to all those who think that they key to success is just getting funded or having a track record.

No comment yet.
Scooped by Guillaume Decugis
Scoop.it!

Why Startups Should Care about Building Community | 500 Startups

Why Startups Should Care about Building Community | 500 Startups | Ideas for entrepreneurs | Scoop.it

I know, it’s a bold request to ask a startup to focus on anything other than their product and growth. I know, I’m a startup founder myself. I know that time is our most limited resource and that you have to say no to a lot of things in order to maintain your focus, and sanity. So why am I writing a post telling you to focus on community? Because I’ve seen first hand, and in the example of many other startups, the power that community can wield even at the earliest stages of your growth.

Guillaume Decugis's insight:

Excellent post by David Spinks who's the founder of Feast and former community manager of LeWeb. Startups are not just about products - they're about people around them too. If you're not convinced yet, here are 7 good reasons to include community management as part of your early marketing strategy (and yes you need one). 

Terrence Bristol's curator insight, March 14, 2014 1:22 PM

I think this should apply to any business especially when in early phases of starting.  A community helps you get over those rough spot when your doubts are high and confidence is low.

Scooped by Guillaume Decugis
Scoop.it!

4 lessons every VC should know before investing in pivoted startups

4 lessons every VC should know before investing in pivoted startups | Ideas for entrepreneurs | Scoop.it
We all know about the perfect pivot, but what about participating in a "pivot" round?
Guillaume Decugis's insight:

Not all startups or startup teams are meant to pivot. I went through a pivot myself and I found this list of criteria pretty insightful. 

Marshall Van Fleet's curator insight, January 19, 2014 3:12 PM

Good Advice For The Start-up Entrepreneur As Well

Scooped by Guillaume Decugis
Scoop.it!

Netflix: The Red Menace

Netflix: The Red Menace | Ideas for entrepreneurs | Scoop.it
Just when Hollywood thought it had Netflix figured out that red envelope company flipped the script creating a playbook for any business that aspires...
Guillaume Decugis's insight:

Great read for any entrepreneur who's thinking about disrupting an industry. The way Netflix is beating Hollywood at its own game and hen changing hose rules is impressive. Of course, this is the doing of a large established startup but even earlier stage startups can learn from that story. 

No comment yet.
Rescooped by Guillaume Decugis from Startups, VC, cool stuff
Scoop.it!

Evernote - The $0 Growth Engine

Evernote - The $0 Growth Engine | Ideas for entrepreneurs | Scoop.it
Evernote has never been sexy, almost ran out of money, and doesn’t benefit from the network effects that drive many of today’s successful companies.

Via Mounia RKHA
Guillaume Decugis's insight:

The idea of having a growth engine is essential to startups. Yet, I often see entrepreneurs thinking they can only rely on a great product - or sometimes not even as much: a great idea. Value for startups only come from growth and some great product will simply not make it because they lack a growth engine. 


There are various types of growth engines, including:


- virality (your current users' actions bring your next users)


- stickiness / increased value over time (your users don't do much beyond simple word-of-mouth but as they never leave this ends up in growing usage)


- ad-funded user acquisition (you make enough advertising/premium money from current users to acquire the next users through advertising)


- sales-funded revenue (you make enough sales from current customers to recruit more sales people or fund distribution channels to get the next customers).


What's not a growth engine?


- word-of-mouth


- PR


These are typically not enough to get accelerating growth/traction.


In short, if you don't have a growth engine, you don't have a startup.

No comment yet.
Scooped by Guillaume Decugis
Scoop.it!

10 reasons it's never been a better time to be a startup entrepreneur

10 reasons it's never been a better time to be a startup entrepreneur | Ideas for entrepreneurs | Scoop.it
There is additional encouraging news for aspiring entrepreneurs on many fronts, just in case you are thinking about joining the existing ranks.
Guillaume Decugis's insight:
Martin Zwilling makes a good case on Forbes on how conditions for being an entrepreneur have never been so great. He's right: lots of things are better now than they used to be. Both in the US and Europe. However I can't help wondering as well: with that much competition it's likely to also be the time where a record number of entrepreneurs will be disappointed. Because no matter how easy and great it is to start companies, there are not so many which can become successful at any given point in time. I happenned to become an entrepreneur right after the 2000 bubble burst and I don't envy the bubble startups: yes going was tough but for those who survived, the results were spectacular. Remember the 90's?
Sabra Kay's curator insight, March 3, 2014 6:16 PM

I wholeheartedly agree, and adding to that, I think now is a great time to start something small. To work for yourself, in any niche you choose and to make something of it. It doesn't have to be a high-tech, VC funded startup, it can just be your "thing." If there was ever a time to do it, it's now.

Scooped by Guillaume Decugis
Scoop.it!

7 Signs You’re Fundraising Too Early

7 Signs You’re Fundraising Too Early | Ideas for entrepreneurs | 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.
Guillaume Decugis's insight:

I'd say this is debatable as raising early can also give you a lot of options. Sometimes though you don't have that luxury and this post is worth reading for the signs it describes that your startup might not be VC-ready. If that's the case, hyper focusing in fundraising is a sure way to fail. Money can come from customers too...

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.

Scooped by Guillaume Decugis
Scoop.it!

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

What I’ve Learned in My First Month as a VC | Ideas for entrepreneurs | 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.

Guillaume Decugis's insight:

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. 

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.

Scooped by Guillaume Decugis
Scoop.it!

How much does it cost to build the world’s hottest startups?

How much does it cost to build the world’s hottest startups? | Ideas for entrepreneurs | Scoop.it
Could $100,000 and the right developer skills make you an overnight billionaire? How much does it really take to build a product like Twitter or Instagram? With mobile development ...
Guillaume Decugis's insight:

Very questionable analysis but which makes one point clear: web consumer startups are not technology challenges anymore. 

Luis Cano's curator insight, December 4, 2013 9:00 PM

A real hot one...

Lori Wilk's curator insight, December 23, 2013 10:35 AM

As we read this article there is someone out there who has the idea and will make this question their reality. The odds are that we will read their story in the next 24 months to 36 months.

Rescooped by Guillaume Decugis from Entrepreneurship, Innovation
Scoop.it!

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

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

Via Marylene Delbourg-Delphis
Guillaume Decugis's insight:

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

Lori Wilk's curator insight, November 22, 2013 1:48 PM

Celebrate the possibilities#entrepreneurship

 

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?

Scooped by Guillaume Decugis
Scoop.it!

Stop Complaining about Your PR Firm. Here’s How the Media Works

Stop Complaining about Your PR Firm. Here’s How the Media Works | Ideas for entrepreneurs | Scoop.it

“Journalists are biased.” “Our PR firm just doesn’t ‘get’ our message.” “We need at least one media hit a week.” Oh, and my personal favorite: “Can we review and edit quotes before the piece is published?”

Guillaume Decugis's insight:

If your startup marketing strategy includes getting press coverage, you should read this. And also this.


But I also encourage you to think whether that's actually something you need, how badly you need it and for what reasons. If the answer to the latter is "to get traction and grow my user base", that's probably wrong as I explained here.

No comment yet.
Scooped by Guillaume Decugis
Scoop.it!

A VC expects you to fail 40% of the time. And that's when they invested.

A VC expects you to fail 40% of the time. And that's when they invested. | Ideas for entrepreneurs | Scoop.it

When I was early in my career, I casually mentioned to an older VC that I had yet to lose money on an investment. He replied "that's not good, you aren't taking enough risk." I have gone on to lose...

Guillaume Decugis's insight:

Fred Wilson discloses interesting figures about his loss ratio which is close to 40% for his 2004 fund - the most promising one he says.


I've seen several entrepreneurs make the mistake of thinking their VCs will do anything to refinance them to avoid making losses. While good ones will definitely put a fight for you, you should also not expect them to fund you beyond reason. After all, some of their portfolio companies will fail and they live with that.

No comment yet.
Scooped by Guillaume Decugis
Scoop.it!

Less is more: the startup pitch deck version

This is the pitchdeck we used to raise half a million dollars from Angel investors.
Guillaume Decugis's insight:

Simple is beautiful, less is more: here's a great example of how this can be applied to securing funding for a startup. From Joel and Leo the founders of Buffer - a service we partner with at Scoop.it - and great guys too. Additional comments from Leo here.


This is a good complement to LinkedIn Series B deck. A later stage company will have a more complex story but an early stage pitch should focus on a few things including: 

- the investment thesis

- the demonstrable traction

- the vision

- the team

No comment yet.
Scooped by Guillaume Decugis
Scoop.it!

Welcome To The Unicorn Club: Learning From Billion-Dollar Startups | TechCrunch

Welcome To The Unicorn Club: Learning From Billion-Dollar Startups | TechCrunch | Ideas for entrepreneurs | Scoop.it

Many entrepreneurs, and the venture investors who back them, seek to build billion-dollar companies.

Guillaume Decugis's insight:

Impression study of the 39 billion dollar software companies that we're created in the US over the past 10 years. What they have in common, who their founders were and whether or not they pivoted to become successful: lots of great data points. 

Samu Tuomisto's comment, November 6, 2013 3:44 PM
Trust on your vision? No pivot made in 90% of One-Billion Dollar Software Startup Companies.
Scooped by Guillaume Decugis
Scoop.it!

Solving Blogging for Startups

Blogging is a pain point for many startups and small teams because it takes a lot of time and effort. This presentation by @Arabella DeLucco shows how to solve that.

Guillaume Decugis's insight:

Startups need to blog, say a lot of people including entrepreneur/VC/blogger Mark Suster in this great piece. But what most entrepreneurs struggle with is how to really make it happen in spite of all the things they already have to do. This was this precise frustration that made us want to start Scoop.it as a way to help many people become media publishers and particularly entrepreneurs.

No comment yet.
Scooped by Guillaume Decugis
Scoop.it!

The Secret to Making Board Meetings Suck Less

The Secret to Making Board Meetings Suck Less | Ideas for entrepreneurs | Scoop.it

“If you think of your board members as working for you, there’s no reason to lie or fudge things to look a certain way or prove your competence. If you do those things, your board can’t help you effectively."

Guillaume Decugis's insight:

While I don't think all of this (long) list of advice is applicable to all companies, I do believe the above quote is fundamental to understand and apply.


I've been at board meetings every month or so for more than 10 years (for my own companies and as a board member of others). While we're fortunate to have a great board at Scoop.it, I've seen my share of highly dysfunctional meetings where entrepreneurs are putting their fate (and their companies') in the hands of the board every other meeting. Repeatedly judging a whole company in a couple of hours over and over is not what board meetings should (only) be about. 


Thinking of your board members as partners who will share your pains and your successes totally changes the dynamics of board meetings.


(Above picture is a before and after of Xobni's Jeff Bonforte's board decks whose experience inspired this article.)

Lori Wilk's curator insight, November 7, 2013 10:36 AM

Direct and clear. I like that

Scooped by Guillaume Decugis
Scoop.it!

LinkedIn's series B pitch deck made public together with awesome advice by Reid Hoffman

LinkedIn's series B pitch deck made public together with awesome advice by Reid Hoffman | Ideas for entrepreneurs | Scoop.it
At Greylock, my partners and I are driven by one guiding mission: always help entrepreneurs.
Guillaume Decugis's insight:

People, this is gold.


Reid Hoffman made public the deck he and the LinkedIn team used to raise their Series B back in 2004. Of course this is huge because LinkedIn became LinkedIn but more importantly, Hoffman added precious insights and advice on what he would do differently now.


Key point to me is how to artciulate the investment thesis. To elaborate on that, solving a problem is not the investment thesis. Of course, it's needed b ut on top of that you also need to show how that problem can be worth enough to your customers so that it can become a big business. Hoffman says he didn't articulate this well enough opening with a slide that simply put the value proposition forward but failing to artculate how value would be created and defended on the long run by delivering it.


There are a ton of other valuable points on how to pitch by analogy, how to deal with risks, how to look at explaining business model and revenue streams, etc...


A must-read for anyone willing to pitch VC's.

No comment yet.
Scooped by Guillaume Decugis
Scoop.it!

The Rise of Fat Venture Capital

The Rise of Fat Venture Capital | Ideas for entrepreneurs | Scoop.it

In 2007, before YCombinator and AngelList had changed the industry, I worked in a nondescript office park in the heart of the venture capital industry off Sand Hill Road. Amid the leafy sprawl of buildings next to 280 and Stanford University, billions of dollars were and are invested out of the fancy offices of VC/PE firms you’ve never heard of. The whole industry has been shrouded in opaqueness since it was created decades ago, built on relationships from business schools, professional networks, and investor referrals.

Guillaume Decugis's insight:

The VC model is changing and while a lot has been said on AngelList, micro-VC funds and incubators such as Y Combinators, Andrew Chen explains why this is not incompatible with the rise of bigger and bigger VC's.

No comment yet.
Scooped by Guillaume Decugis
Scoop.it!

Cash Flow and Destiny

Cash Flow and Destiny | Ideas for entrepreneurs | Scoop.it
If you are an entrepreneur, you have probably heard some crusty old CEO or investor say something like “cash is king.”
Guillaume Decugis's insight:
Ben Horowitz explains what you should understand by that. He makes a good point and a nice read - quoting Kayne West as only he would.
GreatBusinessContent's curator insight, October 9, 2013 5:51 PM

Cash flow equals freedom.  If you have cash flow you can decide the direction your company moves.  Without cash flow you are very limited in options and anyone who has helped you finance can begin calling the shots.  If you're bootstrapping you will just slowly fade away.

 

This is a very well written account of how a high tech startup began working for cashflow.

Scooped by Guillaume Decugis
Scoop.it!

How Paypal and Reddit faked their way to traction

How Paypal and Reddit faked their way to traction | Ideas for entrepreneurs | Scoop.it

There were several factors that contributed to YouTube becoming the #1 video sharing service on the web. But a lot of initial adoption was driven by the fact that it had pirated content hosted on it. If you wanted to watch the latest episode of Lost for free, YouTube was your best bet: no queued downloading through torrents, just stream it from the server.

Guillaume Decugis's insight:

How to solve the chicken and egg issues hat marketplace services have. Faking it before making it can work. And can actually prove necessary not only to get traction but to give the right culture or identity to a service. Of course this form of bootstrapping doesn't scale but we know it doesn't matter: http://sco.lt/6n1fhh

Ally Greer's curator insight, September 29, 2013 6:52 PM

From Guillaume


" Of course this form of bootstrapping doesn't scale but we know it doesn't matter: http://sco.lt/6n1fhh "

Scooped by Guillaume Decugis
Scoop.it!

Why Most Startups Don't 'Get' Press

Why Most Startups Don't 'Get' Press | Ideas for entrepreneurs | Scoop.it

I can't tell you how many times we've met with early-stage companies, and they start by telling us their big vision. They say, 'This is what we're about and what we want to change.' But when we ask them what they actually do, they can’t tell us. If you can’t answer that question, don’t do anything else until you can. Nothing else matters.

Guillaume Decugis's insight:

Long but worth reading series of advice from Brooke Hammerling on how to handle PR as a startup founder.


She starts by a candid and fresh observation that most startups don't need any PR help when early stage and that a common mistake is to try to get coverage too soon when not ready either at the product or the messaging level.


So this is an interesting piece if you're wondering when and how PR can help and what you can do about it?

No comment yet.
Scooped by Guillaume Decugis
Scoop.it!

How to See Your Startup Through The Eyes of Investors

How to See Your Startup Through The Eyes of Investors | Ideas for entrepreneurs | Scoop.it
Understanding exactly what investors want before you go into a VC pitch will help ensure you connect with investors and close the deal.
Guillaume Decugis's insight:
Straightforward but good tips. Starting with the main one: investors won't see your startups the same way as founders. And that's a good and natural thing. Via Pierre-Eric Leibovici http://www.scoop.it/u/PEL10
No comment yet.
Curated by Guillaume Decugis
CEO of @Linkfluence (#AI for #SocialListening and #marketresearch). Entrepreneur (@Scoopit, Musiwave, Goojet). Engineer-turned-marketer. Rock singer.
Other Topics
Actualités Corona Virus
Content curation trends
How content curation is making the Web smarter.
Content marketing automation
A look at how automation and artificial intelligence technology enables content marketers to generate ROI.
Corona Virus news
Curated news and resources on COVID-19
Freeride skiing
Video, powder and other cool stuff for riders
Gadgets I lust for
I can't afford to buy all the cool geek stuff out there. So I collect them here instead. Feel free to suggest yours!
Good news from the Stars
To boldly go where only Astrophysicians have gone before. What I find interesting (and can roughly understand) in Astronomy & Space exploration these days.
Ideas for entrepreneurs
Serial entrepreneurship is constant learning. Here's what I found impacting.
Is the iPad a revolution?
Will it save the media? create new consumptions patterns?
Lean content marketing
Making the most efficient and effective use of strategies, tools, and technology for content marketing.
Online Gaming For The Win
Used to play a WoW paladin for years. Now looking at what will be the new trends in online gaming.
Scoop.it showcase
Examples of customization (topics and newsletters) done by our designer.
Social media publishing and curation
If you're just tweeting links, you're missing out. Discover and share with us useful resources to maximize the impact of the content we share.
Thought leadership and online presence
Demonstrate Thought Leadership by Building your Online Presence; relation to Content Curation and Personal Branding