By guest author Irina Patterson
If you are running a business incubator or any other entrepreneur-supporting organization, we at 1M/1M would like to hear from you. To share with us your thoughts, you can simply finish any of these sentences: >>>
Sramana: Essentially, your angel financing allowed you to build your product and develop your pipeline?
Adam Miller: Exactly. We were also raising incremental money throughout in very small chunks. I was perpetually raising money. I was doing that in parallel with everything else for years. >>>
In this week’s guest post, technology forecaster Daniel Burrus uses the surprising success of the restaurant industry in this weak economy to discuss how specialty retailers can best position themselves for growth. To read the rest of the week’s posts, click on the full article. >>>
Invictus
By William Ernest Henley
Out of the night that covers me,
Black as the Pit from pole to pole,
I thank whatever gods may be
For my unconquerable soul.
In the fell clutch of circumstance
I have not winced nor cried aloud.
Under the bludgeonings of chance
My head is bloody, but unbowed.
Beyond this place of wrath and tears
Looms but the Horror of the shade,
And yet the menace of the years
Finds, and shall find, me unafraid.
It matters not how strait the gate,
How charged with punishments the scroll.
I am the master of my fate:
I am the captain of my soul.
What are entrepreneurs doing in 1M/1M today? They are using the program to first and foremost validate their ideas with customers. They are using the core 1M/1M curriculum to learn creative bootstrapping, techniques for laser-sharp positioning, capital efficient customer validation, and thorough, bottom-up market sizing that is rooted in validated business model and pricing model assumptions. They are using the program for both techniques and channels of customer acquisition. And they are learning and practicing team building strategies that are appropriate for the bootstrapping stage. >>>
Sramana Mitra: To finish up, we will connect the dots and end with talking about the entire productivity suite inside enterprises. By this I mean the email–collaboration–Office suite. It seems as though there is a big change going on there. We started with relatively heavy enterprise applications like Lotus Notes. Even Microsoft Exchange is a relatively heavier footprint system for the productivity suite. Now we are seeing a shift to a lightweight cloud-oriented systems model, and Google with the Google apps portfolio seems to have made a dent there. >>>
This coming week we return to capitalism 2.0, a theme approached from many angles on this blog. Until then, check out the past week’s post by clicking on the full paragraph link.
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In the past year or so, the Thought Leaders in Cloud Computing (TLCC) series has hosted conversations with some of the top thinkers in our industry. It has become abundantly clear based on these discussions that cloud computing has graduated from hype to a significant driver of cost savings. >>>