Showing posts with label start-ups. Show all posts
Showing posts with label start-ups. Show all posts

Friday, March 23, 2012

22 Executives Share The Best Advice They Ever Received

here are 22 executives that share the best advice they ever received:

http://www.businessinsider.com/executives-share-the-best-advice-they-ever-got-2012-3#heres-some-more-advice-wake-up-early-24#ixzz1pyXI2rFv

Source: Business Insider

Louis Rhéaume
Infocom Intelligence
louis@infocomintelligence.com
Twitter: @InfocomAnalysis

Tuesday, March 20, 2012

Richard Branson, founder of the Virgin conglomerate argues that inexperience can be an asset for start-ups

Richard Branson, is the founder and CEO of Virgin group. This firm is involved in many sectors that are almost mature and in oligopolies, but with good success: i.e. airlines, cola, insurance, lottery, etc.

For Branson: "Virgin's history shows that a lack of experience does not have to be a liability -- it can be an asset.... It is something you should play up when you discuss your ideas with prospective investors, partners and employees, rather than directing the conversation toward your other strengths.... Explain that it frees you and your team to follow your vision for the industry."

For more information: http://www.entrepreneur.com/article/220789


How to Avoid Common Startup Mistakes according to Richard Branson.
-Stay on Target
-Be Realistic About Costs
-Hire the People You Need, Not the People You Like
-Know When to Say Goodbye

For more information aee: http://www.entrepreneur.com/article/220743


Louis Rhéaume
Infocom Intelligence.com
louis@infocomintelligence.com
Twitter: @InfocomAnalysis

Monday, March 19, 2012

Business start-ups tips from top entrepreneurs

Here are some business tips from top entrepreneurs. Source: Entrepreneur.com

Spanx Inventor and Founder Sara Blakely

"Don't be afraid to fail. My dad encouraged us to fail. Growing up, he would ask us what we failed at that week. If we didn't have something, he would be disappointed. It changed my mindset at an early age that failure is not the outcome, failure is not trying. "

Mashable Founder Pete Cashmore

"You need space to try things and create. It takes a long time to recalibrate if you let people pull at you all the time. A lot of stress comes from reacting to stuff. You have to keep a certain guard [up], if you're a creative person. "

Gurbaksh Chahal, Serial Entrepreneur and RadiumOne Founder

"Many [business] people focus on what is static, black and white. Yet great algorithms can be rewritten. A business process can be defined better. A business model can be copied. But the speed of execution is dynamic within you and can never be copied. When you have an idea, figure out the pieces you need quickly, go to market, believe in it, and continue to iterate."

Marcia Kilgore, Founder of Bliss Spa, Soap and Glory and FitFlop

"Get everything in writing, especially with business partners. When you're starting out, things can be quite friendly and exciting, but people's memory can change due to money. Obviously, better to have a lawyer do it, but at least have some written recollection that you are partners, who's responsible for what, and how much money each of you put in."

Jim Koch, Founder of Boston Beer Co. and Samuel Adams Boston Lager

"You have a viable business only if your product is either better or cheaper than the alternatives. If it's not one or the other, you might make some money at first, but it's not a sustainable business."

Zappos CEO Tony Hsieh

"Be true to yourself. If you follow that principle, a lot of decisions are actually pretty easy."

Caterina Fake, Co-founder of Flickr and Hunch

"Pick a good market. The idea for approaching that market may change, but find a meaty problem to solve. You can try to attack it a bunch of different ways. Don't be too narrow."

Meetup Co-Founder Scott Heiferman

"Something worth doing might take a while, so really flesh out the potential of the business and be honest about whether it's worth doing. If it's not a $100 million company in five years, maybe it'll take 10 or 15 years. If you're doing something that has a universal, timeless need, then you need to think of the company in a timeless way."

DailyCandy Founder Dany Levy

"Don't spend money until you have money. When we used to put candy in our media kits, I would go to the Duane Reade store the day after Easter because the candy was on sale. Of course, it's important to spend on certain things in the beginning. You need good servers but you don't need Aeron desk chairs."

Go Daddy Founder Bob Parsons

"What I learned from Rockefeller that's off-the-hook important is: You need to know exactly where you stand in a business at all times. Measure everything, because everything that is measured and watched improves."

Barbara Corcoran, Corcoran Group Founder, Shark Tank Judge and Investor

"The joy is in the getting there. The beginning years of starting your business, the camaraderie when you're in the pit together, are the best years of your life. So rather than being so focused on when you get big and powerful, if you can just get the juice out of that… don't miss it."

HomeAway Co-Founder Brian Sharples

"A good idea is not enough. Business aren't just about ideas, businesses are about execution. Don't get too enamored with your own idea. Other people are going to have that same idea or something similar. You have to build a better team to execute it. You're only human, nobody has all the skills required to make a business work. [Ask yourself] what people are required to make it work for this idea, for this business?"

Louis Rhéaume
Infocom Intelligence
louis@infocomintelligence.com
Twitter: @InfocomAnalysis

Business interview with the CEO of Hootsuite: Ryan Holmes

For a recent tech event, the CEO of Hootsuite made an interesting business interview. Hootsuite is one of the most promising Canadian tech start-ups. It is involved in the field of social media. You can check the questions at the following link and see the whole interview. He has many good comments on the future of social media and he offers some start-ups tips.

http://www.vokle.com/events/54317

Louis Rhéaume
Infocom Intelligence
louis@infocomintelligence.com
Twitter: @InfocomAnalysis

Friday, March 09, 2012

Instagram has 9 employees and a valuation around $500M

Instagram, the popular photo sharing app for iPhone, is about to raise $40 million, which should give a valuation of $500 million to the firm. That's for a company that at last count had only 9 employees and hasn't really started trying to make money yet. Instagram has seen spectacular growth, getting more than 15 million users in less than two years, and was adding them at a pace of a million every couple of weeks toward the end of last year.

Founder Kevin Systrom told BI that he hasn't decided exactly how Instagram will make money, but he's confident that there's an opportunity.

"The question is, is there an opportunity beyond group buying, search advertising, to make a whole lot of revenue on the iPhone, on Android. I believe the answer is yes, that's what we're going after".

Instagram has never spent a dime on marketing. It appears that Facebook has tried to buy Instagram with no success so far.

For more information and an interview with the founder see:
Read more: http://www.businessinsider.com/this-27-year-old-built-one-of-the-fastest-growing-apps-ever-without-spending-a-dime-on-marketing-2011-11#ixzz1oe9eq8EX

Read more: http://www.businessinsider.com/instagram-has-only-a-handful-of-employees-but-may-soon-be-valued-at-500-million-2012-3?utm_source=Triggermail&utm_medium=email&utm_term=10%20Things%20In%20Tech%20You%20Need%20To%20Know&utm_campaign=Post%20Blast%20%28sai%29%3A%2010%20Things%20You%20Need%20To%20Know%20This%20Morning#ixzz1oe8mPQww

Monday, February 20, 2012

John Frankel is the head of FF Ventures, an early-stage venture capital firm that includes some of the web’s hottest startups in its portfolio, including Hashable, Klout and IndieGoGo.

Below is a 6 minutes interview with Frankel to learn what motivates him as an investor, why he’s so attracted to early stage companies and his thoughts on where the next tech bubble will manifest. This Venture Studio Classic was originally released on October 24, 2011. According to Frankel, we are seeing a bubble in later stage private tech investing and IPOs: such as Facebook, Twitter and Linkedin.

http://mashable.com/2012/02/14/frankel-video/

Louis Rhéaume
Infocom Intelligence
louis@infocomintelligence.com
Twitter: @Infocomanalysis

Monday, January 23, 2012

10 facts that help in the success of start-ups

Here are 10 facts that help in the success of start-ups, according to a Harvard study:

1-Serial entrepreneurs are more likely to build successful startups than first time entrepreneurs.

2-Who is more likely to get a VC's check; a founder who failed at their last venture or a founder who succeeded? If it's the same VC firm, the failed entrepreneur.

3-Is running a successful venture skill, luck or timing? Successful entrepreneurs are skilled at timing the market.

4-Success breed success.

5-Are companies that are funded by top-tier VC firms more likely to succeed? yes in general.

6- If a startup's founder has been successful before, how important is the VC? If a startup is founded by previously successful entrepreneurs, then the VC firm doesn't really matter.

7-Where do most entrepreneurs get their ideas from? From former employers.

8-Will VCs give the same entrepreneur funding on their next venture? Not usually. The same venture capital firm that funded you before probably won't give you money again.

9-Who closes VC funding faster, a serial entrepreneurs or a new founder? Serial entrepreneurs receive venture capital faster than first-time entrepreneurs.

10-Who receives a higher initial valuation, seasoned entrepreneurs or new ones? New entrepreneurs.

Read more: http://www.businessinsider.com/why-some-startups-succeed-and-others-fail-10-fascinating-harvard-findings-2012-1?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=SAI%20Select&utm_campaign=SAI%20Select%20Mondays%202012-01-23#do-serial-entrepreneurs-have-a-leg-up-on-first-time-entrepreneurs-1#ixzz1kIrfLUym

Louis Rhéaume
Infocom intelligence
louis@infocomintelligence.com
Twitter: @InfocomAnalysis

Thursday, January 19, 2012

The art of tech start-up pivoting

There is a interesting article in the NY Times on the art of tech start-up pivoting.



“In the legal and entertainment industry, you can only fail so many times,” Professor Hosanagar said. “But the culture of Silicon Valley is one where failure is embraced.”

A VC adds it is easier when you are a small start-up to pivot and change the business model, since few will notice. For Ben Horowitz, one of the founders of the venture capital firm Andreessen Horowitz. “The art of the pivot is to do it fast and early. The older and bigger the business, the harder it is to change directions.”

Sometimes a pivot is necessary when the pace of Internet evolution has made a start-up’s original plan obsolete. “The Web we were building for a few years ago is almost no longer relevant,” said Michael LaValle, the co-founder of Gojee, a recipe recommendations app. “The Internet changes so fast.”

Louis Rhéaume
Infocom Intelligence
louis@infocomintelligence.com
Twitter: @InfocomAnalyis

Monday, January 09, 2012

What is the performance of the average US successful start-up?

TechCrunch's CrunchBase, did a new analysis of all the start-ups exits. It listed that the average successful company has raised $25.3 million, and sold for $196.8 million, for investor profits of 676% (if you assume the investors own 100% of the company, which they normally don’t).

Ont he other hand, IPO-bound companies generated lower percentage returns, but made a lot more money per exit. The average one raised $580.3 million while private, then went public with a market cap of $2.3 billion on its first day of public trading for 303% profit on investment (while investors probably aren’t selling all their stock on the first day, it is just one way to measure IPO exits).

Source: http://techcrunch.com/2012/01/03/crunchbaseexits/

Louis Rhéaume
Infocom Intelligence
louis@infocomintelligence.com
Twitter: @InfocomAnalysis

Wednesday, January 04, 2012

Hootsuite's CEO gives his opinion on tech start-ups

There is an interesting Financial Post article about the opinion of Hootsuite's CEO on tech start-ups. Hootsuite is a promising new Canadian tech start-up, that raised recently $3M.

The firm allows businesses to manage and publish to a range of social media accounts including Twitter, Facebook, Google Plus and LinkedIn, without having to log on to separate accounts. Business users can also monitor the success of their social media campaigns using Hootsuite’s analytics service.

For Ryan Holmes: "One thing that has helped is the concept of the lean startup, where you take smaller teams, and work on products that need less dollar capital. Some of the challenges to startups historically were access to capital and intellectual property. However, there has been an evolution thanks to open source technology. Open source has driven down the cost of doing a startup. You can get access to the same open source technology that Facebook and Google use, and you’re able to play with that. Another trend is that the cost of hardware has gone down Consequently, the cost of creating a startup is perhaps a 10th of what it used to be."

Source: http://innovators.financialpost.com/2011/11/28/ryan-holmes-on-why-social-media-is-essential/

Louis Rhéaume
Infocom Intelligence
louis@infocomintelligence.com
Twitter: @InfocomAnalysis

Tuesday, January 03, 2012

SoundCloud the new promising start-up in the hot sector of online sound

Few months ago Mary Meeker, associate for Kleiner Perkins, suggested that the sector of online sound will see a huge growth similar to online video. Kleiner Perkins is now among the new investors in the promising tech start-up SoundCloud. The firm is focusing on audio-sharing in social media and has announced a new round of $50M funding.

Kleiner Perkins partner Mary Meeker will join the SoundCloud board. GGV Capital also participated in the round, which the startup hopes to use to aid in more rapid expansion. SoundCloud’s service was first focused toward professional musicians who needed better options for sharing music online. Currently, SoundCloud is used to distribute podcasts, audiobooks and more. SoundCloud is free for most users and offers paid plans for more hardcore customers.

“SoundCloud has seen exponential growth this year in terms of users and greatly evolved our product offerings,” said SoundCloud founder and CEO Alexander Ljung in a blog post today.

SoundCloud was founded in late 2008 and has taken two previous rounds of funding totaling roughy $16 million. Previous funding came from Union Square Ventures, Index Ventures and Doughty Hanson Technology Ventures. Over the summer of 2011, SoundCloud reported it had reached the significant milestone of five million users, four million of whom joined the service within the past 12 months. The launch of mobile apps had added about a million new people to SoundCloud platform. SoundCloud is headquartered in Berlin.

TechCrunch suggests that SoundCloud has a valuation around $200M now.

Source: http://venturebeat.com/2012/01/02/soundcloud-funding/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Venturebeat+%28VentureBeat%29&utm_content=Google+Reader and
http://gigaom.com/2012/01/02/soundcloud-gets-50-million-in-new-funding/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+OmMalik+%28GigaOM%3A+Tech%29&utm_content=Google+Reader and
http://eu.techcrunch.com/2012/01/02/soundcloud-raises-50-million-round-led-by-kleiner-perkins/

Louis Rhéaume
Infocom Intelligence
louis@infocomintelligence.com
Twitter: @infocomAnalysis

Friday, November 11, 2011

The 20 most innovative Canadian infocom firms according to Canadian Innovation Exchange

here are the 20 most innovative infocom firms according to Canadian Innovation Exchange.

Here’s the list:

Digital Media:
Massive Damage, Toronto ON
Arcestra, Toronto ON
Wattpad, Toronto ON
Recoset, Montreal QC
Achievers, Toronto ON
Vanilla Forums, Montreal QC
Woozworld Inc, Montreal QC
Infersystems, Toronto ON
ClearRisk, St. John’s NL
bitHeads Inc., Ottawa ON

ICT:
Shoplogix, Mississauga ON
TribeHR, Waterloo ON
Wave Accounting, Toronto ON
Evoco Inc., Calgary AB
QuickMobile, Vancouver BC
Nexalogy Environics, Montreal QC
ResponseTek Networks, Vancouver BC
NexJ Systems, Toronto ON
True Voice Technologies, Burlington ON
Polar Mobile, Toronto ON

http://www.techvibes.com/blog/cix-reveals-canadas-top-20-most-innovative-tech-companies-at-the-tsx-2011-11-10

Louis Rhéaume
Infocom Intelligence
louis@infocomintelligence.com
Twitter: @InfocomAnalysis

The 20 most innovative US tech start-ups according to Business insider

The 20 most innovative US tech start-ups according to Business insider

http://www.businessinsider.com/20-innovative-startups-2011-11

Louis Rhéaume
Infocom Intelligence
louis@infocomintelligence.com
Twitter: @InfocomAnalysis