Read the headlines of any reputable tech blog. You are probably going to hear some story about Groupon’s valuation, Twitter’s latest funding round, or how Facebook stole employees from Google. So, why do we constantly hear the stories of these attention-grabbing outliers?
Due to Groupon’s popularity it has become extremely difficult for small businesses to get a deal up and running in a short timeframe. With Facebook’s announcement this year to launch a group buying feature, alongside countless Groupon clones, you now have a variety of options to consider when you’re ready to launch group deals and real-time coupons.
The sales process is hard. No question about it. That is why good salespeople are hard to find, and when you do find them, they require a lot of compensation or perks. As a startup, hiring a salesperson or staff isn’t always a viable option.
Thanks to entrepreneurs like Andrew Mason (Groupon), Mark Zuckerberg (Facebook), Jack Dorsey (Twitter) and others, it has never been cooler to create a startup. But at what point does the startup simply become just like any other company? At what point does your innovative, young and revolutionary startup lose its “startup” status?
If you are a startup, you are definitely in a competitive environment. Whether you are a news blog, daily deals site, social network or mobile application, you are probably facing some tough competition. You need to find some real qualitative differentiating factors between you and them. Game mechanics may be the solution to all of your problems.
Here are some simple steps to validate your million dollar idea without going broke.
Apple vs. Google. AT&T vs. Verizon. The competition for mobile dominance is not only hot, it is heating up with every phone release. Why has this sector become such a consumer staple? Two words: mobile applications.
In today’s startup environment, the term “venture funded” appears to be synonymous with “my company won’t fail.” Based on the way tech blogs and startup websites report on venture-backed companies, you would think that every other startup is being funded by venture capitalists. However, the reality is that less than 2% of all companies actually receive funding from VCs.
What does the perfect startup team look like?