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Richard Wilner
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Hi Ed,
Just thought i'd share that this type of summary communication can be equally valuable to frame senior leadership meetings, since the various members of the that team (VP sales, CTO, VP Marketing) will be responsible for driving these metrics. I'm going to try out your format for this purpose.
Thanks!
Rich Wilner
CEO, SagePoint Software
http://www.sagepointsoftware.com
http://info.sagepointsoftware.com/blog
Standard investor update for startups
I remember when we hired a new CEO for one of our portfolio companies and my tip to him was to overcommunicate. We had a few large VCs on the board and a number of high-profile angels that could also help in various ways. His job was to keep everyone up-to-date but also to know how to get help...
These thoughts are very similar to the concept of "establishing a beachhead" in Crossing The Chasm (http://en.wikipedia.org/wiki/Crossing_the_Chasm for those unfamiliar). A synopsis: early success is garnered by solving one problem that applies to many people (b2c) or companies (b2b): i.e., a one-to-many relationship. Many-to-many or many-to-one are very challenging for a startup to maintain or scale.
At my startup, we think of ourselves as the Surgeon with the scalpel that cuts out the specific customer pain, not the General Practitioner who prescribes the broad-spectrum antibiotic.
http://blog.sagepointsoftware.com
Market positioning for startups - focus, focus, focus
I was on a call yesterday with an inspired and talented management team. As we walked through the deck, one point particularly struck me as I listened to their well-honed pitch. The company was trying to boil the ocean and do everything for its customers. While it was great that the team seem...
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Feb 1, 2010
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