Startups

If You're Not the Next Uber

I get pitched three types of companies: Non-starters. The founders have made some wrong assumption about the way the world works. These ideas just won't work for some technical, market or team reason. Venture Capital Investable are the second and the rarest type. They are the ones with the potential to be huge someday. They don’t have scalability issues and have all the hallmarks of things that VCs look for. Perhaps one-half of one percent of all new businesses are in this category. Nice Businesses. This category is where…

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The Startup Idea "Death Zone"

I spent a pleasant half-hour with a young man working on a food truck finder app last week. He'd coded it himself and done his best to hustle some customers and users. Sadly, after six months, he'd developed little traction. This man's idea (and many others that first-time founders dream up) exists in a "Death Zone" for businesses: The vertical axis is the relative value of the product or service you want to sell. On a scale of safety pin to a cure for cancer, how much value does the…

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In Defense of Being Prolific

This morning, I came across a songbook of the compositions of the Beatles over a two-year period in the 1960s. Flipping through the pages, I was surprised to see two things. First, they wrote tons of songs. Second, I was amazed at how many mediocre songs Lennon and McCartney actually wrote over that time. Here was the most celebrated songwriting team of the twentieth century and they had a success rate of 5% or so. What? I think many of us expect our success rate to be high or we're…

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Tactics to Raise a Seed Round for a Tech Startup

Most of the guides for startup fundraising are good but also very theoretical. For first-time founders, many haven't gone through any kind of sales or fundraising process, so we did a RealCo session last week detailing a step-by-step process on how to raise funds at seed-stage for a tech startup. Slides for that are here: .. and here: https://docs.google.com/presentation/d/1Wz80EBVXLvj7h6kEQt8iAkDX8fKPBsuDkUpiPMx7lOs/edit?usp=sharing I think we're going to try recording these sessions, so hopefully I can start sharing videos in the future.…

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Come Work With Me (Two Job Openings!)

Today, I wanted to highlight two positions available. So, tell your friends! 1) I'm trying an experiment of hiring an Associate. This'll work on investing in Venture Capital and helping us explore other stuff, too. This would work directly with me. Job Posting - Associate at @geekdomfund:https://t.co/pKeJvKL2Ix— Michael Girdley (@mgirdley) October 8, 2017 2) Codeup is hiring a new head of employer relations. Dylan, our awesome team member is leaving us in November to move closer to his husband. He leaves big shoes to fill…

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