Great Decisions – a VC storytelling session at the Evernote Trunk Conference 2011

Tim Ferriss, Guy Kawasaki and Roelof Botha talk about their different approaches for their VC decisions.

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websensei on October 18th 2011 in Digital Products and Markets, Entrepreneurship

the 10x Club – how internet startups can be evaluated by VCs

Bill Gurley wrote a detailed blog post about All Revenue is Not Created Equal: The Keys to the 10X Revenue Club  which I stumpled upon, literally using the service. It is a purely financial perspective on Internet startups, but it gives a comprehensive overview of a VCs evaluation scheme. Have a detailed look on the article, just to summarize the 10xClub is all about (according to Bill Gurley):

  1. Sustainable Competitive Advantage
  2. The Presence of Network Effects
  3. Visibility/Predictability Are Highly Valued
  4. Customer Lock-in / High Switching Costs
  5. Gross Margin Levels
  6. Marginal Profitability Calculation
  7. Customer Concentration
  8. Major Partner Dependencies
  9. Organic Demand vs. Heavy Marketing Spend
  10. Growth

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websensei on October 12th 2011 in Digital Products and Markets, Entrepreneurship

How Great Companies Get Their Mojo

This is a repost from B-original.me – My personal reflections on nearly everything.

Watch Chip Conley on TED.com: “When the dotcom bubble burst, hotelier Chip Conley went in search of a business model based on happiness. In an old friendship with an employee and in the wisdom of a Buddhist king, he learned that success comes from what you count. He creates joyful hotels, where he hopes his employees, customers and investors alike can realize their full potential.”
I finished reading his book “Peak: How Great Companies Get Their Mojo from Maslow“. I was truly inspired by his ideas and I introduce the essential meaning and methods to my students in entrepreneurship as well as corporate communication.

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websensei on April 16th 2011 in Entrepreneurship, Leadership, Public Relations