Archive for the ‘Startup’ category

Coffee Talk

April 30th, 2010
Brown cup of coffee
Image via Wikipedia

I’m a big fan of meeting entrepreneurs for coffee. Now that I’m doing a lot more financial consulting, I find that it’s harder and harder to stay involved in the “scene”. People in this industry are mortally afraid of new technologies like twitter, blogging or web technologies, so sometimes I find myself straying from my startup roots.  Thats why I’m thankful for being able to work with AccelGolf, and that’s why I love to meet up with other startup guys.

Today, I had back to back meetings with some interesting guys at the Andala Cafe in central. First I met with Waldron Faulkner of GraphEdge who is working on his pivot and needed some marketing help and introductions. Waldron is a passionate guy who’s got a lot of work ahead of him, but isn’t afraid of it. Waldron inspires me because making those pivots is hard, and sometimes barreling ahead is the easiest thing to do, when in reality, it’s the worst thing you can do.

Next, I met with Dustin Dolginow of Atlas Ventures. Dustin’s a newbie to both Boston and the VC world, so he’s trying to get his feet under him. As coincidence might have it, he’s also a fellow Kansan – from my same town too! Startup guys please welcome him to Boston, and if you are interested in meeting a junior VC with the ear of some pretty powerful guys, let me know and I’ll put you in touch. Dustin inspires me because he’s in a whole new world and he’s attacking it with a vibrance and energy that we should all aspire to – and he’s a genuinely nice guy.

Ah coffee talk…

Reblog this post [with Zemanta]

TechStars startup AccelGolf and yours truly

March 24th, 2010
Image representing AccelGolf as depicted in Cr...
Image via CrunchBase

Since leaving WebNotes a few months ago, I’ve been on the lookout for another fun startup to help out with. For months, I was a networking whore, meeting as many of the best and brightest as I could in the Boston startup community. During my search, I was lucky enough to encounter William Sulinski, CEO and founder of AccelGolf, a recent TechStars graduate company.

As luck would have it, AccelGolf is in need of some marketing assistance, and William was kind enough to offer me the gig.  Over the next few months, I’ll be helping out with some strategic planning, implementation and customer development work.

I’m still keeping the day job for now,  but I’m thrilled to be working with another startup, especially one as well positioned as AccelGolf.

For those of you who haven’t heard of it, check out this great golf tool. It’s a cellphone app that functions as part rangefinder (so you always know your yardage), part statistics machine, allowing you to understand your game at a whole new level.

I’ll keep you guys posted on how things go.

Reblog this post [with Zemanta]

Thoughts on Elance – Outsourcing to India

February 15th, 2010
India

Image via Wikipedia

For the last 3 weeks, I’ve been working with a firm out of India to help me with the design of my financial planning site.  So far, things are going relatively well, but there have been some bumps along the way. For those of you interested, here’s what to look out for.

Elance, for those who don’t know, is a site that connects freelancers with people in need of professional work.  I was able to post some basic specs, and a whole host of firms were able to bid on this work.

Choosing a Contractor

This really is going to be highly dependent on what you are looking for (and will seem a little discriminatory).  Keep in mind that you get what you pay for, so the better developers are  going to cost you more than $20/hr. As per some basic discrimination, avoid all developers in the US who charge $20/hr or less -cost of living alone in the US is phenomenally high compared to developing countries such that a similarly priced US and foreign firm will tell you something about what you will get back.  And if you are looking for something extremely high quality, avoid India and Pakistan.  Developers from this region are looking to cut corners and put something out as quickly as possible, regardless of quality. Something you also need to consider will be your own technical and product management skills. If you haven’t overseen a developer before, you might want to consider shelling out some more moolah.

Elance also provides samples of work from each firm, customer reviews, and a skill-set testing system so you can get a basic idea of what each firm can do. Before choosing a firm, make sure that the firm has taken Elance’s tests (instead of self rating which obviously is going to lead to arbitrarily high scores), and has received high marks from previous customers.

So why did I choose India?

Because the developer had ton a TON of work previously completed via Elance and had received mostly positive reviews. Also, per my own advice, I am getting a very alpha version out as quickly as possible so that I can test before I spend too much money. I’ve spec’d out what I consider a minimum viable product for initial feedback, and only once I feel we’ve developed a sustainable idea will I find a higher quality firm (or co-founder). Moreover there’s something to be said about having worked with Indian firms before, and having worked extremely closely with a wide variety of highly skilled developers here in the States.

My dream firm was this studly Ukrainian team that unfortunately would have cost me about 3 times as much. They were responsive, technically savvy, and honest about their qualifications and time needs. Sadly, for now I need something cheap and dirty, and am willing to sacrifice quality for cost effectiveness.

The Bumps

So far, communication has been the largest issue so far.  After I first selected the firm, when my project was being handed over from the marketing team to the developers, the firm stopped responding. Flat, cold stopped responding. I basically had to threaten to take my work elsewhere before someone got back to me and a flurry of activity began.  Luckily, the initial mockups of the homepage were of high enough quality to justify sticking with them.

My other issue with communication is around dialogue. I’m used to asking developers a question and getting an answer with a few options as well as a recommendation. This doesn’t occur with the Indians – instead, I ask “would this navigation work better horizontally instead of vertically?” and a day later they just respond “we have changed the navigation tabs”.

My last issue is one of quality. You can tell that some of the aesthetics are rushed, and often I have to ask for 4 or 5 iterations before something looks like it should’ve the first time. The code looks clean enough so far, mostly because I think they are using 3rd party open sourced plugins.  I’ll see how the custom code ends up looking, and hopefully that will be clean as well.

Final Thoughts

I’ll definitely follow up on this after the project is done, but so far so good. Here’s what I’ve learned:

1) Micromanage, micromanage, micromanage: you have to be on top of these guys day in and day out. Every week begins with me asking what the plan for the week is, and then for every iteration I critique and immediately send back my feedback. Typically, I hate to micromanage as I think it is hugely inefficient, but this is one of the exceptions to the rule.

2) Everything takes twice as long as you plan for: the typical adage is that it should cost twice as much as well, but this is a fixed bid. We’ll see about how much follow on work costs.

3) Know EXACTLY what you want: You can’t assume that the firm will go above and beyond to wow you, so you must have your project perfectly specified and planned.

Reblog this post [with Zemanta]

Interview with Mark Pincus

February 4th, 2010
Mark Pincus
Image via Wikipedia

The NY Times has a great interview with Mark Pincus of Zynga. They’ve got a great process for running the company which he describes here:

Q. What else is unusual about how you run the company?

A. John Doerr [the venture capitalist] sold me on this idea of O.K.R.’s, which stands for objectives and key results. It was developed at Intel and used at Google, and the idea is that the whole company and every group has one objective and three measurable key results, and if you achieve two of the three, you achieve your overall objective, and if you achieve all three, you’ve really killed it.

We put the whole company on that, so everyone knows their O.K.R.’s. And that is a good, simple organizing principle that keeps people focused on the three things that matter — not the 10.

Then I ask everybody to write down on Sunday night or Monday morning what are your three priorities for the week, and then on Friday see how you did against them. It’s the only way people can stay focused and not burn out. And if I look at your road map and you have 10 priorities for you and your team, you probably don’t know which of the three matter, and probably none of the 10 are right.

I can look at everyone’s piece of paper, and their road map shows every item you were going to do and your predicted results and actual results, and then the results are in red if you missed them, yellow if they’re close and green if you passed them. I think road maps are a great principle just for managing your life. It keeps everybody focused, and it lets me know what trains are on or off the tracks.

I really love this – it keeps things simple and achievable, breaking complex goals into very manageable tasks.  In the article, he also talks about making everyone the CEO of something, which is a nice way of saying, give people ownership of tasks – have them do stuff that matters.

Reblog this post [with Zemanta]

Lunch and Inspiration

January 8th, 2010
Jeffrey Dahmer
Image via Wikipedia

Just got back from lunch with a friend of mine named Zach Servideo. He introduced me to “The Black Sheep”, a restaurant located in an old Firehouse in Kendall Square which has phenomenal food. If you don’t know Zach, he’s a passionate PR professional who could befriend the most anti-social person in a room and turn them into an entrepreneur.  Needless to say, had Jeffrey Dahmer met Zach in the early 70′s, he would’ve started up a software company.

Zach is starting up a little side project called All White Kicks aimed at individuals interested in White Shoes. It’s a niche I would’ve never thought of, but with his passion, he can clearly make it work.

It also reminded me of my friend Alan who always has a few side projects going on. He’s experimenting with a few random AdSense pages such as My Reticulated Python and he’s also working on a niche site called The Curry Project, which aims to review every Indian restaurant in the world.

All of these side projects have inspired me, and I wanted to let you know about a new project I have called HapiMoney. Personal finance education is woefully inadequate and most people don’t know the first thing about where their money should go and in what amounts. I hope to shed some light on money management. Check it out and let me know if you have any ideas. Also, the name is awesome because Hapi is the Egyptian deification of the Nile flooding. This flooding helped water Egyptian crops and brought prosperity to the region.

These little projects also reminded me about one of the biggest mistakes that we ever made at WebNotes- we failed to follow the adage ” release early and release often”. The project was started in 2005 and wasn’t actually released to the public until 2008- 3 years of time which could’ve desperately used public feedback. But I’ll talk more about this in a future post.

Reblog this post [with Zemanta]

Moving On

December 20th, 2009
Office Space: Motion Picture Soundtrack album ...
Image via Wikipedia

This past week was a big week for me: I’ve officially left WebNotes and am searching for the next big thing in startup land! It was an amicable break up, so no feelings were hurt, and WebNotes is moving to the West Coast for a much needed restart.

In retrospect, it was a frighteningly fast sprint this past year and a half and I learned an amazing amount about entrepreneurship, software and marketing.  Now that I am no longer the head cheerleader for the firm, I will be trying to do a bit more teaching on this blog, instructing other wantrepreneurs (entrepreneur wannabe’s) how to be more efficient in their execution.  We made a ton of mistakes, and I hope you all can learn from them.

I wish the WebNotes guys the best of luck out in Cali, and I hope they are able to turn things around. And if you are a startup in the Boston area and are looking for some help in marketing, shoot me an email and we’ll grab a coffee to discuss.

Reblog this post [with Zemanta]

Venture Capital Consulting

November 23rd, 2009

About a week ago, I had the distinct pleasure of meeting with the charming Liz Knopf of OpenView Partners. We met for a drink and she was kind enough to enlighten me on how OpenView was revolutionizing the venture scene.

OpenView, founded in 2006 and on it’s 2nd fund, typically only invests in “expansion stage” software companies that are making about 500k per quarter and growing…and growing fast. Obviously these companies have achieved product/market fit and are no longer floundering to find their place in the business world – they just need to aggressively expand, something which takes a significant amount of dinero. Because these companies have found their market, and have found a repeatable sales cycle, the amount of inherent risk is incredibly limited compared to other startups. The risk that remains is operational, and it is a risk that OpenView seriously attempts to mitigate by providing strategic consulting to their investments. In fact, Liz goes so far as to say that OpenView isn’t a venture capital firm but rather a consulting firm that makes it’s money through capital gains.

It’s nice to see a firm that has this kind of culture.

Reblog this post [with Zemanta]

DartBoston Panel

November 6th, 2009

Last night, I had the fortunate experience of appearing on my first panel at DartBoston.  We were picking apart the startup RiotVine, who was kind enough to fall victim to our snarls. I had the pleasure of sitting next to some very interesting minds, notably (going from right to left) our graceful moderator Cort Johnson, Nick the ultranurd, Vadim the microfinance revolutionary, and then me, the babbling incoherent idiot. Luckily, Nick and Vadim carried the show, and I, by association was made to look relatively cogent. If you’d like to take a gander, check it out below. It’s about 30 minutes of high packed action.

Getting drunk with Venture Capitalists

October 27th, 2009
Wine and cheese tasting @ Strewn Winery
Image by Vincent Ma via Flickr

Last Thursday, I had the immense pleasure of doing a little drinky drinky with some of the financial titans of industry at the 4th annual New England VC Wine Tasting. Dana Samuels of TUGG was kind enough to provide me with a complimentary ticket (they normally range about $150), so I was much obliged.

Luckily, I happened to know quite a few people who showed up. There were about 6 people from fama PR whom it was awesome to see (Keri, Keith, Marta, Whitney, Zach, and Liz). If you don’t know fama and you’re in the tech inudstry, you should.  I also ran into Healy Jones of Startable fame, and the new VP Marketing at Pixily, who’s one of my more recent acquaintances.

From there I met an absolute hodge podge of characters ranging from VC’s who were bidding on $5000 dollar cases of wine, to a clean tech entrepreneur who had just sold his $200 million dollar business and miraculously had the chutzpah and energy of an 18 year old. In all, everyone was rather convivial and jolly, no doubt lubricated by the libations, and making random introductions was hardly a problem.

By the end of the night, I had probably consumed about 8 to 10 glasses of wine with nary a bite of food, so my memory gets a bit hazy,and as such, my desire to network diminished accordingly. All in all, it was a phenomenal time and a rather enjoyable experience…I hope to be at the next event. Good luck to Dana Samuels, Jeff Fagnan, et al. and of their aspirations with TUGG.

Reblog this post [with Zemanta]

How NOT to pitch your business

October 15th, 2009

A couple months ago, I was approached by an acquaintance who was expanding his business to the East Coast and was curious if I’d like to earn some extra money by devoting a bit of time to it. I said I was interested and asked if he would just forward on some information. He politely declined, and said for competitive reasons he would prefer to speak on the phone.  It felt rather odd to me, but I agreed and gave him my phone number.

We missed each other a few times over the last few months – mostly my fault due to being ridiculously busy, but we finally connected last week. We caught up a bit on our personal lives and my having moved from Kansas City to Boston, and then started talking shop. What ensued was a rather frustrating conversation from my end, that I’m fairly certain was some sort of scam.

Me: “So what does your business do?”

Him: “We provide social media marketing assistance for companies.”

“Oh, okay, so what does that mean?”

“Well, you know how Facebook works with advertising affiliates? Like, Mark Zuckerburg will partner with companies to provide them marketing.”

“Oh, so you help companies with their social media advertising?”

“Well, not really, we help them get involved with social media”

“I’m still confused”

“Well, we work with companies like: Big Company 1 and Big Company 2.”

“Okay…so for instance, with Big Company 1, what do you do?”

“Well, I could talk about this for hours, but I just need to know if you are interested. If you aren’t interested, its probably not worth going into.”

At that point, I politely declined. I’m HEAVILY involved in social media, advertising, SEO and SEM. It’s my job to be…yet I have no earthly idea what he was talking about, and he couldn’t provide one cogent example of what his company does.   This is a crucial example of why a startup needs to have a succinct elevator pitch that explains your company and its benefits in a minute or less.  And per my post yesterday about refining your market message, if you can’t answer the question “Who cares?” then your job isn’t done.

[image courtesy of jepoirrier]