If I can give you any startup failure advice, from an entrepreneur and venture capital perspective, after failing in startups more than once, it's this: analyze your failures as quickly as possible, and then do what most entrepreneurs fail to do after they fail — move on.
Move on … move on … move into a positive direction. Start working on your next big thing.…Continue
Added by Damir Perge on March 25, 2013 at 11:30am — No Comments
"Every innovation acts as a trigger of change, the plough is the first major man-made trigger in history, ultimately responsible for almost every innovation that followed. And the plough came as a result of change in the weather." — James Burke, Connections
I love this quote from James Burke. From an entrepreneur and investor perspective, it makes you realize that continuous changes in the marketplace, any marketplace, bring new opportunities…Continue
Added by Damir Perge on January 28, 2013 at 12:30pm — No Comments
"The best strategists understand the art of surfing. Good surfers don’t just catch the waves; over time they have built up radar that also tells them which wave will give them the longest ride " — Winslow Farrell, How Hits Happen.
I never surfed when I lived in California. Often I would drive my…Continue
Added by Damir Perge on February 1, 2013 at 5:00am — No Comments
“When campaigning, be swift as the wind; in leisurely march, majestic as the forest; in raiding and plundering, like fire; in standing, firm as the mountains. As unfathomable as the clouds, move like a thunderbolt.” — Sun Tzu: The Art of War, Chapter VII, Maneuver (Verse 13)
When it comes to incorporating the element of speed in your business, I can’t think of a better analogy for any entrepreneur than to be “swift as the wind.” Here’s my…Continue
Added by Damir Perge on February 22, 2013 at 8:30am — No Comments
“Applied faith is the dynamo of science of personal achievement, the source of the energy to put your thoughts into actions.” — Napoleon Hill, Napoleon Hill's Keys to Success
When you’re launching your startup, new product or growing your business, you have…Continue
Keep in mind that the initial conditions of your startup are different every time you start a startup. Some failure lessons might not be applicable to your next startup — even if you learned some hard…Continue
Added by Damir Perge on March 23, 2013 at 9:00am — No Comments
"Irving Biederman, a psychologist who studies visual perception, estimates that there are probably ‘30,000 readily discriminable objects for the adult.’ Whatever the exact number, it is clear that difficulties of everyday life are amplified by the sheer profusion of items." — Donald A. Norman, The Design of Everyday Things
If you’re an entrepreneur looking for an opportunity to create a product, business or market revolution, there's no need to…Continue
Added by Damir Perge on January 30, 2013 at 5:00am — No Comments
“The progressive development of a man is vitally dependent on invention. It is the most important product of his creative brain. Its ultimate purpose is the complete mastery of mind over the material world, the harnessing forces of nature to human needs. This is the difficult task of the inventor who is often misunderstood and unrewarded.” —…Continue
Added by Damir Perge on February 4, 2013 at 5:00am — No Comments
“The truth, however, is that virtually all well-established strategy models work well in some situations and cause failure in others, so the real skill is less knowing the strategy than in sorting out the situations to which it actually applies.” — Geoffrey A. Moore, Inside…Continue
Added by Damir Perge on February 8, 2013 at 5:00am — No Comments
I was talking with Robert Stenger, an entrepreneur friend of mine, about all the things we wanted to accomplish this year. Of course, most people commit and make personal goals for the year after each year-end. But how many people follow their goals on a continuous basis? The ones that do, make things happen.
While talking with Rob, I noticed a change in his entrepreneur…Continue
Added by Damir Perge on February 18, 2013 at 9:00am — No Comments
The most important ingredient for any startup or business is the element of speed. Speed is of the essence in war and speed is of the essence in startups or any business. When you incorporate speed into every part of your business, you can afford to make little mistakes along the way — and most importantly, you don’t have to be…Continue
Added by Damir Perge on March 4, 2013 at 6:00am — No Comments
There is a consensus among many entrepreneurs when it comes to startup hiring practices: Hire slowly and fire quickly. I am not sure this is good enough if you want to increase the speed of your startup. When you’re a startup, unless the startup already has a “halo effect1” surrounding it, you don’t have the luxury of hiring slowly and firing…Continue
"What is of the greatest importance in war is extraordinary speed; one cannot afford to neglect opportunity." — Sun Tzu, The Art of War, Chapter 1, Estimates, Verse 26
I see the same pattern in launching startups and products: it is often not the best strategy or even the best tactics that win the marketing war. It's the speed of execution. So if you're trying to launch a startup or new…Continue
Added by Damir Perge on January 29, 2013 at 12:00pm — No Comments
“In war, numbers alone confer no advantage. Do not advance relying on sheer military power.” — Sun Tzu, The Art of War Chapter IX, Marches, Verse 45
For any entrepreneur, this is an inspiring message. If you are already in the startup trenches, or…Continue
Added by Damir Perge on February 15, 2013 at 7:00am — No Comments
I was recently talking with John Miller, executive director of NTEC, North Texas Enterprise Center — an incubator in Frisco, Texas, about entrepreneurship. Because of his extensive experience as an entrepreneur, I made it a point to shut up and listen. When you meet with…Continue
Added by Damir Perge on April 7, 2013 at 9:30am — No Comments
"As a venture capitalist, I learned to respect power law. The likelihood of searching, finding, investing in or creating another large hit, or billion-dollar business like Google, Groupon, Twitter, Facebook or Zynga, is working against investors — and entrepreneurs." — Damir Perge, Entrepreneur Myths: The Startup Reality: How to Avoid the Pitfalls of Starting and Growing Your Business
This is one of the times I will quote myself from the book I…Continue
Added by Damir Perge on February 5, 2013 at 5:00am — No Comments
I recently met with some very cool new entrepreneur friends. After working with them a few days, we decided to help them accelerate their startup. While discussing with them the startup valuation process and different investment scenarios, I explained we don’t operate like a traditional accelerator business model in Silicon Valley, or the hundreds of accelerators sprouting up all over the world.
“I love your startup … it’s a billion dollar play,” I told the two…Continue
Added by Damir Perge on February 20, 2013 at 3:00pm — No Comments
My grandfather was an awesome entrepreneur. I had a great childhood because I grew up on his farm, which was located within ten minutes of the city center. My parents worked the farm because my grandfather left the communist country of Yugoslavia to come to the land of opportunity — America. Even though we worked hard on the farm, we still had plenty of time to enjoy the resources of the farm.
"If you don’t risk, you don’t profit BIG." — Paul…
Added by Damir Perge on March 1, 2013 at 8:00pm — No Comments
I've noticed a pattern that continuously plays out in any emerging marketplace when it comes to startups — it is the continuous flux of innovation fatigue, amplified by the drowning noise of competition.
One startup creates a market, then entrants come in like swarms of bees wanting to…Continue
Added by Damir Perge on March 13, 2013 at 6:30pm — No Comments
If your business model is not making money, don't blame the math supporting the business model.
If your product didn’t launch into the marketplace the way you wanted, don't blame the logic…Continue
Added by Damir Perge on April 13, 2013 at 8:30pm — No Comments