A Quote by Brad Feld
In my world, historical revenue is the least interesting thing to consider in an acquisition strategy. The goal is to acquire technology that is on your product roadmap or people that fit culturally within your organization and help you execute on your roadmap faster.
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In my world, historical revenue is the least interesting thing to consider in an acquisition strategy.
If your strategy calls for you to be in America, then you will go into America. If your strategy calls for you to be in M&A, then you'll do an acquisition. You usually acquire a company to acquire technology, geographic advantage, etc. Similarly, geographic expansion is very much like M&A. It's done to advance a strategy.
The most important part of any acquisition is your ability to culturally integrate the people in the companies you acquire and your company.
A team aligned behind a vision will move mountains. Sell them on your roadmap and don't compromise - care about the details, the fit and finish.
The true mark of a leader is the willingness to stick with a bold course of action - an unconventional business strategy, a unique product-development roadmap, a controversial marketing campaign - even as the rest of the world wonders why you're not marching in step with the status quo.
If your goal is to make the world a better place, one thing you can do is pick a specific challenge that you really care about. Then, learn as much as you can about it and try to volunteer your time to help an organization that is working in this area. While you're doing that, look for creative new ways to use technology to tackle parts of the problem that you come in contact with.
Read the Bible; it is your roadmap through life.
I think I just really understand what it is to feel like you don't fit in, within your society, within your world, within your family, within whatever. I've always felt like an odd duck so I really understood that.
Targeted marketing delivers a lower customer acquisition cost and gets you to profitable growth faster. The goal is to quickly identify the costs associated with acquiring your most profitable segment of customers and the incremental value - if any - of going beyond your core.
Customers are a great way to finance a business for many reasons. First, customer financing is typically non dilutive. They want something from you other than equity in your business. Customers also help you fit your product to the market. And customers will help debug and improve the quality of the product.
My definition of product-market fit is you are drowning in demand - your product is being used by so many customers that you cannot handle all the new people knocking at your door!
there is a danger, when thinking of the earliest civilized people, of putting too much emphasis on technology. One tends to assume that if you don't have, at least, a lavatory and perhaps something that will take you a lot faster than your own feet, or a certain number of gadgets in the house, then you must be in some way, a bit backward and defective ... the important thing to remember is that technology is not necessarily the same thing as civilization.
It's interesting - what are you willing to give up in terms of your privacy for access to other people? For access to things you think you desperately need. Ultimately, it's that old saying, isn't it? If the service is free, then the product is you. The thing being sold is you. There's a product for sale in you and your data.
Set goals - high goals for you and your organization. When your organization has a goal to shoot for, you create teamwork, people working for a common good.
People will envy you to the extent that you start out with a group of people and you rise up the organization faster than them. Get over what your peers are thinking about you because your peers are also your competitors.
Focus on your product. A lot of people focus on the name of their brand or the legal aspects, but it's more important to create your product. It's why people join. It's your vision. Without your product, nothing is going to happen.
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