@dhh vs @ericries from Farhan Rehman on Vimeo.
The video above is shows an excellent debate between the lean startup vs. getting real methodology to build businesses: Daniel Heinemeier Hansson (co-founder of 37 Signals and co-author of Getting Real and Rework) and Eric Ries (founder of IMVU and father of the lean startup movement). Hansson is very much of the mindset that today’s early-stage companies aren’t focused on the only metric that matters in business: profit. If today’s so-called successful startups like Facebook or Twitter charged their customers from day one, they …
Founder success might be becoming irrelevant in the business…
Okay, so the title of this post isn’t necessarily true. For VCs, Angels or any other outside investment source, going public is an exit strategy. But for you, the entrepreneur, the one I care about most, the IPO is not. I’m sure many may disagree with me, but before passing judgement, let me explain.
First, let’s talk about Exit Strategies. I’m sure you’ve heard it a million times but…
“Start with the end in mind.”
You always have to think about where you want to …
Ironically, raising millions of dollars is usually easier than raising thousands.
The way the system works is that if you build something of value, the money will find you. Yes, there is a catch-22: you need seed financing, but no one will give you a cent until you have a marketable product and your company is producing revenue—which means that you don’t really need the money. But that’s the way it goes.
-Vivek Wadhwa, From the TechCrunch Article “Ditch the Biz Plan, Buy a Lottery Ticket”