Within entrepreneur groups, there seem to be lots of questions about when you should quit your day job and go full time on your new startup idea.  Generally, I am a fan of keeping your day job as long as possible as everyone needs money to live and having a

Over the past month I have had the privilege of attending or speaking at a StartupWeekend in Boise, TechStars “for a day” in Seattle, TechStars New York,  Microsoft Kinect Accelerator in Seattle, TechStars Boulder (with Jason Mendelson) and finally mentoring at a Startup Weekend in Medellin, Columbia.  It’s been

I get asked for my advice on new startups alot and I like to give it.  I have also been very fortunate and had great mentors, advisors and investors.  So, I can say that the best relationships are ones where the entrepreneur works hard to manage his advisors.  This generally

Customer Development = The pursuit of customer understanding Part of Customer Development is understanding which customers make sense for your business.  The goal of listening to customers is not please every one of them.  It’s to figure out which customer segment served his needs – both short and long term. And

I work on lots of new ideas for companies. I’ve developed the following tool that helps me (and it seems many others) to quickly develop and evaluate these ideas. In the simplest form, it helps create an elevator pitch, (e.g. for www.gist.com – We focus on relationship-centric

Finding the right early users can make or break a startup. If you find the wrong people, they will either waste your time with irrelevant suggestions or could easily send you off in the wrong direction. Here are a few suggestions on strategies to find the best early users. 1.

Today I participated in an annual call with The Corum Group, a Seattle based M&A group focused on trends and opportunities for 2012 across the broad software, internet and mobile spaces. I was part of a panel that included some friends and people I really respect, including; * Dan

To create a great and successful company, marking and communicating your progress to yourself, your team and your supporters is critical. Here are a few things that have worked well for me; – communicate every 2 weeks – this allows you to make meaningful progress, is a good frequency for your supporters

I have been spending a bunch of time with the teams at Techstars Seattle.  It is exciting to see all the progress as we approach demo day on Nov 3, where all the teams show off their companies and plans for world domination.Here are a few things that I