Category: Entrepreneurship

Entrepreneurship Startup meet Angels (Seattle) – Process and Rubric

Startup meet Angels (Seattle) – Process and Rubric

How do we evaluate teams for Seattle’s Startups meet Angels meetup (aka Angels, Pitches and Beer)? Selection Process: 6 Teams are selected based on “first come first served” application. Show up at 4:30PM to The Riveter, not recognition of lines before 4:30 from us. If you want to set up a queue, that’s up to you …

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#startuplife Review of 2017 and 2018 Goals

Review of 2017 and 2018 Goals

I’ve never been great about New Year’s Resolutions – but I’m a fan of goals. Goals can be a challenge because we set unrealistic goals at this time of year and miss them early. So while we feel defeated, we end up giving up on the bigger picture, the reason for the goal in the …

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Entrepreneurship MVP Series 4: Contracts, Monitoring Progress

MVP Series 4: Contracts, Monitoring Progress

I posted about establishing your Milestones and Sprints in the last section. At this point, you should have a pretty good idea of the scope of the project. For example, is it 4-two week sprints for a total of eight weeks? If you have one developer declare that they can whip it out in a …

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Entrepreneurship Stop with the “Sustainable Competitive Advantage” Question

Stop with the “Sustainable Competitive Advantage” Question

Some new investors – or those who aren’t experienced in launching and growing a technology or software business – will ask a Startup Founder, “What is your Sustainable Competitive Advantage?” <Thanks for the reminder of the question from a current #TSSeattle Team.> That question makes you look smart<not>. It reminds me of a college philosophy class …

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Customer Development MVP Series 3: Ready, Pick a Vendor

MVP Series 3: Ready, Pick a Vendor

After fiddling with wireframes, you’ve done your customer development. using the PowerPoint demo. People like your idea – CHECK!  You can go past GO! But you don’t get to collect $200, yet. You have more work to do. You’ve drafted the specification. Pages, bullets, and versions are numbered. You’ve ruthlessly moved future features into that section …

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Customer Development Focus on the Here and Now

Focus on the Here and Now

Getting your startup off the ground is going to require you to nail down a ton of tasks – on a short deadline. As the Founder (new CEO?) some of the tasks are in your sweet spot, and some will require you to learn new skills. You will need to launch the right MVP product, …

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Entrepreneurship Startup Competitive Market Analysis

Startup Competitive Market Analysis

Every startup founder needs to learn how to do a competitive market research analysis. So where do you start? There is nothing worse than pitching your idea to an investor and having them say something like, “Oh, you’re just like X Company that was just funded.” That might be when you have an “eyes wide …

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Entrepreneurship How to Split Startup Co-Founder Equity

How to Split Startup Co-Founder Equity

This post was originally named: Awkward Co-Founder Discussions, I changed the title to make it easier to find from the main site. How should co-founders split equity in a startup? What should you discuss before formation of the company? This post outlines the discussions that you need to have, including a framework for those discussions. …

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Entrepreneurship Every Idea is Crazy – Right Before it’s Real

Every Idea is Crazy – Right Before it’s Real

One of the things I love about startups is that ability that a founder needs to have to see a vision before it happens. A friend of mine called it the “power of focus!” You’ll hear people around startup often say “it’s not the idea that matters, it’s execution” that is partially true. There were …

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