Phrase by 'Jay Samit'
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Big ideas developed in a vacuum are doomed from the start. Feedback is the essential tool for building and growing a successful company.
Author: Jay Samit - American BusinessmanIdeas , Start , Building , Company
Use your development time to brief analysts and industry press. Use these influencers as your eyes and ears to let you know what else is being developed by competitors so that you can be the first to market, and don't make the mistake of launching an also-ran product.
Author: Jay Samit - American BusinessmanYou , Time , Mistake , Eyes
State funds, private equity, venture capital, and institutional lending all have their role in the lifecycle of a high tech startup, but angel capital is crucial for first-time entrepreneurs. Angel investors provide more than just cash; they bring years of expertise as both founders of businesses and as seasoned investors.
Author: Jay Samit - American BusinessmanMore , Just , High , Angel
The answers to all a startup's challenges are out there. By setting up the right mechanisms for gathering feedback, the road to success can be a less bumpy ride.
Author: Jay Samit - American BusinessmanSuccess , Challenges , Road , Ride
Creating something that builds lasting value and changes the lives of millions of people requires forging a team that will work hard to overcome seemingly insurmountable obstacles, stand up to the pressures of fame and fortune, and stay true to the original vision long after others stop believing.
Author: Jay Samit - American BusinessmanPeople , Work , Work Hard , Vision
As counterintuitive as it sounds, 'speed to fail' should be every entrepreneur's motto. Success isn't born wholly-formed like Venus from a clamshell; it's developed through relentless trial and error.
Author: Jay Samit - American BusinessmanSuccess , Born , Speed , Motto
Instead of focusing the traditional planning cycles where companies benchmark their businesses against existing competition, teams need to be developed to foster internal change and disruption. Self-disruption is akin to undergoing major surgery, but you are the one holding the scalpel.
Author: Jay Samit - American BusinessmanYou , Change , Competition , Planning
Most companies overlook the most basic of all training functions: the onboarding of new employees into their corporate culture.
Author: Jay Samit - American BusinessmanNew , Culture , Training , Employees
Most startup entrepreneurs unnecessarily spend half their time and give up half their equity in search of funding from angel investors and venture capitalists. Tens of millions of dollars are available to them for free from partners who not only don't want their equity, they don't even want to be paid back.
Author: Jay Samit - American BusinessmanTime , Back , Free , Angel
Some incubators, like Y Combinator and TechStars, were started by successful entrepreneurs wishing to help the next generation learn from their experiences. Other programs, such as Viterbi Startup Garage and Austin Technology Incubator, were created by universities to help young entrepreneurs bridge the knowledge gap from student to funded company.
Author: Jay Samit - American BusinessmanHelp , Bridge , Knowledge , Technology
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