Raising money is the “Holy Grail” early milestone for a great many entrepreneurs leading software and hardware companies. Even though I’ve been in that position and have done it myself, I’ve always found this phenomenon a bit curious. There is a romantic element to the successful raising of funds – someone loves me (my company)! […]
KPI Metrics for Software and Hardware Technology Company Success
There is a range of operating styles among entrepreneurs in the hardware and software companies. Some CEOs are “quants”; very numbers oriented. Others, especially in the early days, base most of their strategic decisions on experience, feel and “gut”. I believe that there is room for both of these approaches in strategy development; especially in […]
The End of a Tech Startup Journey: 6 Signs a Company is Failing
No entrepreneur goes into their software or hardware technology startup with the idea that it will fail. But sadly, more often than not it will. I’ve written repeatedly about the key qualities and activities required for startup company success. Before you read on, remember that NOT giving up easily is VERY high on the list! […]
Handling the Emotions of the Startup Journey
You’ve had a great idea for a new product or service and have decided to act upon it by forming a new startup company. You’ve enlisted a couple of co-founders with complementary skills, gotten some seed capital and built a prototype or MVP. How exhilarating! Also physically exhausting, emotionally draining and potentially straining on the […]
Can You Do an Internal Startup Within a Large Corporation?
This is an interesting question. For the purposes of this article, we will define an internal startup as a new business unit which doesn’t fit neatly within the confines of larger, mature company’s existing business activities. The general answer seems like it should be “yes”! But in practice, there are many unique “gotchas” which can […]
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