An audience member at WWDC in 1997 trolls Steve Jobs in front of everyone, but Steve responds with grace and honesty around the customer experience. “you’ve got to start with the customer experience and work backwards for the technology..." -Steve Jobs
Companies are earning record-high profits in recent quarters as a result of many of the cost-cutting efforts deployed after the credit crisis and the massive layoffs. These same companies are now looking to innovate thru acquiring early-stage technology startups.
Everything’s impossible until somebody does it. - Bruce Wayne
"The finest words in the world are only vain sounds if you can’t understand them. The best sentence? The shortest."
-Anatole France
We had 124 respondents to the "Startup Pitch Survey." Data was collected between 6/12 - 7/17/11 through a web-based survey of seed and early-stage investors (angels, incubators/accelerators, microVCs/seed funds and early-stage VC funds. Data to be presented soon! One goal in mind, help founders pitch their startup better!
“Running a start-up is like being punched in the face repeatedly. But working for a large corporation is like being waterboarded."
- Paul Graham
The 3 coliding vectors:
Web 2011+ VC Reboot - Major disruption is occuring at the company building level where what use to take $5M to launch a company now takes $500K.
VC Reboot - Traditional VCs continue to exit early stage as their funds are not equipped to play in these early rounds.
2011+ Economy - Companies are earning record-high profits in recent quarters as a result of many of the cost-cutting efforts deployed after the credit crisis and the massive layoffs. These same companies are now looking to innovate thru acquiring early-stage technology startups.