As a serial entrepreneur, I learned a lot of lessons from things that didn’t work. These lessons later on shaped my ideas on what would be needed to build a successful startup company. When I became a VC, I realized that these same lessons could be applied to helping evaluate the many businesses that I was getting to see. Whilst the following criteria are by no means a guarantee of success, or the only criteria that you should think about, ...
something to keep in mind later
After leaving Ardent (a supercomputer company Ill blog about later) in 1988, I consulted for Pixar when they were still in San Rafael and were a hardware company trying to make software and commercials. While I was consulting for them, I got a call from a recruiter for a company called SuperMac, which made add-on products for the Macintosh. They were one of the first companies to sell an external disk drive for the original Mac; they had the first “color paint programs” for the Mac; and when the Mac was ju...
A week before I started I got inkling of really how deep I was in. While I was waiting in the lobby to pick up my offer letter, the head of marketing communications (who was to be one of my direct reports) came up to me as I held my just signed employment agreement. She said, “Oh I’m glad you’re coming, and I wanted to grab you before you started because we need to resolve the company’s biggest marketing problem.” I was impressed; this was something so important that she couldn’t wait for my first day. ...
After my first month I knew a lot, I knew more about our customers than anyone in the company. In this one month I had learned more about desktop publishing on the Mac than any one of our competitors. Now the question was what to do with it. First I need to make sure what I really learned was information I could base a company strategy on.
My first question was, did the total number of customers that had already bought products from our competitors and us represent a saturated market or the tip of the i...
For good form design. Me likey.