3 inputs on your way to product market fit

Startup is no land for long lasting leaders. You either get traction or run out of resources. But what happens once you actually get to product market fit? Before product market fit Product-market-fit (PMF) marks such a critical turning point in the company lifecycle. Life changes significantly. But don’t try to get there too early … Product: Trade the fine-tuned …

Team, product, or market? The X factor of growth

There is this continuous debate on what matters the most. The right team, the product, or the market. Until recently, I would have argued the team before the product.  If you ask entrepreneurs or VCs which is most important, the most likely answer would be the team, partly because in the beginning of a startup, you know a lot more about the team than you do …

Making sense of Minimum Viable Products

Minimum viable products are all the rage. The idea is to test the waters and make some sense out of the market before heavily investing in product development. That’s definitely oversimplified, but what I’m going to explore in this post is the “sense making” aspect of MVPs. Minimum Viable Products–what does this mean? If you read any article or listen …

Angel investments: How not to fail

War stories. People love recounting the one time they caught a big fish, not the many futile hours they spent waiting for a bite. Investors love to recap the successful exchange traded investments they did, and tend to forget the unsuccessful ones. Angel investing is no different. Looking at the venture capital industry as a whole, we know for a …

Venture business forecast: If just growth was linear

How good are you at making forecast about your company’s growth? Do historic figures weigh more than the current development stage of the company? Forecasting is a challenging exercise, among others because our brain keeps telling us that growth is a linear factor. Most people accept Moore’s Law (which States that the number of transistors on integrated circuits doubles approximately …

The ‘flow’ between strategy and execution

The only way a company will deliver on its promises is if its strategists can think like operators – and downplaying the link between a leader and a strategy, or failing to recognize it at all, is a dangerous oversight. This is the view of Cynthia Montgomery and, I believe, the most common view among executives. Interestingly enough, however, when asked what …

Emotions are big business

Spotting the next Facebook Tomorrow Facebook will sell shares in one of the biggest tech IPOs in history. New investors will gobble up the stock to get a piece of the global phenomenon famously started in Mark Zuckerberg’s dorm room in 2004. But while owning the stock will have quantifiable value when it trades on the open market, few buyers …

If smaller VC funds are better, why are so few VC funds small?

Financial returns on investments in venture capital funds have been poor for the last decade. Since the 1999 vintage year, the median internal rate of return has not reached 3 percent for any vintage year and has been negative in nine of those years. Many investors in venture capital funds – university endowments, pension funds, banks, insurance companies, family offices, …