Saturday, May 31, 2008

Entreprenuer Questions

Chris Gammil and I just spent some quality time together with a new, private group that is advising start-ups in Los Angeles. The goal is to have start-ups learn from each other and from others who have been through the experience. So, far it's turning out great. The primary question we ask is:
What's Keeping You Up at Night
Chris provided a list of common issues:
  • How much is enough? - how much 'traction' is enough for investors? and how much is enough to build solid traction to drive the right valuation to go for large money?
  • Who should I get involved? - beyond the obvious 'more great engineers' who do I invite to the party and when - when do I need legal, when do I bring in complementary skill sets, how do I decide between employees vs contractors, which roles need to be core and what can be outsourced.
  • What is 'good enough'? - when should I open the doors and let people in? how much product development is enough to get in the market and start getting feedback and what should I focus on in the early stages of the product?
These were certainly front and center yesterday for the primary presenter. Great questions Chris.

1 comment:

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in getting business.. you have to do brainstorming. the things neede, anf possible things might happen..