As a fan of Michael Lewis‘ “Money Ball,” I found this blogpost by Dharmesh Shah on startups.com to be “on the money”. The book provides great advice for startups and management, and while all 17 quotes referenced by Shah are poignant, here are my favorites:
- We’ve got to think differently
- Your goal shouldn’t be to buy players, your goal should be to buy wins “… You don’t need a VP of anything, you need a doer of stuff that needs to get done…”
- Why do you like him? Because he gets on base
- We’re going to change the game.
In this excellent HBR article, Steve Blank describes how lean start-ups and agile development are changing the game. Entrepreneurs are evolving from doing business plans to creating minimum viable products and validating the ideas immediately with their potential costumers.
The goal is to add value and create good products for costumers to buy not to create big companies and then create products.
In his words “the founders of lean start-ups don’t begin with a business plan; they begin with the search for a business model. Only after quick rounds of experimentation and feedback reveal a model that works do lean founders focus on execution”Read More
Why Mexico is ? ¿Por qué México es? Check the following results in English and Spanish using Google’s auto-complete function. Google uses the most used search terms to complete your inquiry/question/remark. Moreover, it uses your IP address to adjust the results, that is where is your computer located. The following queries, albeit short, are illustrative between searches in both Spanish and English from somebody located in the Washington, DC area (me). Stay tune for another version with different locations.Read More
If you were wondering what big data is, check out this post for an example. Big data is characterized by its volume, velocity, variety. The mentioned blog post indicates how many Facebook Likes, Google searches, YouTube videos, etc. happen by second. This is a lot of data waiting to to be mined.Read More
Ash Maurya presents an excellent blogpost about product/market fit lean startups and validation. Some highlights:
” .. .four stages to the customer development process as iteration loops with the following success end goals:
- Customer Discovery – Achieve Problem/Solution Fit
- Customer Validation – Achieve Product/Market Fit
- Customer Creation – Drive Demand
- Company Building – Scale the Company
The Customer Discovery stage ends with a Problem/Solution fit and a Minimum Viable Product (MVP). During Customer validation you validate your MVP by attempting to sell it – Nothing speaks clearer than a sale. Successful iteration here should result in a repeatable and scalable sales model…”Read More
” The difference between an A team and an A+ team is the difference between a million in revenue and a billion in revenue. ”
Excellent interview with Paul English, co-founder of Kayak. My favorite parts:
- When asked “Why do you start companies”, Paul has one of the best answers I’ve ever heard: I start companies because it gives me an opportunity to create teams.
- The difference between an A team and an A+ team is the difference between a million in revenue and a billion in revenue.