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Comment · 16 years ago
I study the startup world and the most interesting I liked to know from this article is "If I were to found a tech start-up and aim for the fences (IPO or sale), I would do what several successful tech CEOs I know are doing right now: give 3-5 bad-ass advisors 1-2% each, depending on time required, and self-fund until you hit break-even or profitability. Then, go out to raise $500-750,000 from key angels who can open doors to potential acquirers and help you get to “scale”. “Scale”, in this context, meaning the point at which you can go big, as in millions of users or nationwide, with the simple addition of money: the costs and revenues of your customer acquisition are predictable. Money in = more money out."

Thanks Tim !!!

Comment · 16 years ago
you're right, this is same in east asian, south asian and africa. There people want value for money to make buying decision and value = features ... more features means more value, i clearly remember that iPod was a super-flop product because it only played recorded music while other mp3 players played music, radio, had a voice recorder etc. so it was very difficult for apple to gain any grounds against other mp3 brands like sony, Lg, samsung etc. Apple product thus are for classes and not for masses (at least in that part of world where price against features plays a major role).

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