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jerryking : capital_efficiency   5

What is Hustle?
(From my cubicle wall at the TD Bank 1988-1990)
Hustle is doing something that everyone is absolutely certain can’t be done.

Hustle is getting commitment because you got there first, or stayed w...
inspiration  hustle  affirmations  capital_efficiency  It's_up_to_me 
august 2013 by jerryking
Investor Noted Tumblr's 'Raw Talent', Capital Efficiency - Venture Capital Dispatch - WSJ
May 20, 2013 | WSJ| By Russ Garland.

Early Tumblr Investor Saw ‘Raw Talent,’ Capital Efficiency.

What marked Tumblr from the start was its capital efficiency, operating with two people for the first 15 to 18 months and then four people for the next year. Karp concentrated on a series of constant improvements to perfect the Tumblr experience, Sabet said. Rather than trying to move the company quickly into the mainstream, the CEO was “more focused on delighting the users he had already signed up.”

Besides its slow, steady approach, another key to Tumblr’s success was its move from the Web, where it started, to mobile devices, Sabet said. “They were able to build a wonderful, compelling mobile experience in the last couple of years.” Well over half Tumblr’s users access the service via its mobile app, Sabet said.
Tumblr  venture_capital  VC  start_ups  Spark  Union_Square_Ventures  delighting_customers  capital_efficiency  hustle  continuous_improvements  mobile_first 
may 2013 by jerryking
Bootstrap Finance: The Art of Start-ups
November-December 1992 | HBR | Amar Bhidé.

(1) get operational fast;
(2) look for quick break-even, cash-generating projects;
(3) offer high-value products or services that can sustain direct personal selling;
(4) don't try to hire the crack team;
(5) keep growth in check;
(6) focus on cash; and
(7) cultivate banks early.
HBR  bootstrapping  hustle  finance  funding  good_enough  start_ups  Amar_Bhidé  fast_followers  copycats  financing  entrepreneur  venture_capital  vc  execution  advice  capital_efficiency  team_risk  market_risk  technology_risk 
june 2012 by jerryking
How Entrepreneurs Craft Strategies That Work
March-April 1994| HBR | Amar Bhidé.

However popular it may be in the corporate world, a comprehensive analytical approach to planning doesn’t suit most start-ups. Entrepreneurs typically lack the time and money to interview a representative cross section of potential customers, let alone analyze substitutes, reconstruct competitors’ cost structures, or project alternative technology scenarios. In fact, too much analysis can be harmful; by the time an opportunity is investigated fully, it may no longer exist. A city map and restaurant guide on a CD may be a winner in January but worthless if delayed until December...What are the critical elements of winning entrepreneurial approaches? Our evidence suggests three general guidelines for aspiring founders:

1. Screen opportunities quickly to weed out unpromising ventures.

2. Analyze ideas parsimoniously. Focus on a few important issues.

3. Integrate action and analysis. Don’t wait for all the answers, and be ready to change course.
entrepreneur  strategies  HBR  founders  Amar_Bhidé  hustle  capital_efficiency  pivots  analysis_paralysis  action-oriented  pragmatism  Michael_McDerment  frugality  parsimony  good_enough 
june 2012 by jerryking

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