I come across a lot of profitable, well run, consulting outfits that make a handsome living for their founders. The founders seem very happy, and are rightly proud of the work that they are doing. As great as these businesses are, they are seldom Venture fundable.Service based businesses are built on paying someone a salary, [...]
Entries from February 2009
Just Say No to Service Revenue
February 27th, 2009 · 1 Comment
Tags: Venture Capital
Customer Orientation
February 26th, 2009 · 1 Comment
One of the things I look for in every startup I evaluate is customer orientation. I want to make sure that the entrepreneur has fully thought through the customer use-case and understands the implications of their product on a customer. I bring this up because I am stunned by how bad airlines are at this. [...]
Tags: Venture Capital
Facebook Applications
February 21st, 2009 · No Comments
I spent last night at the Facebook Developer Garage event in Chicago, learning about more Facebook apps than I will ever be able to mention in this blog. Developing Facebook apps seems like a great first step for an entrepreneur in college, but outside of some notable freemium exceptions, I haven’t really seen a compelling [...]
Tags: Venture Capital