Customer development

I was reading on Jussi Laakkonen’s blog about “Customer development or why 9/10 startups fail”. I think the bottom line the post makes is that the difference between a successful startup and a failed one is that the successful ones get out of the office and talk to the customers. I think that is a very important idea and I hope to keep it in mind.

http://jussilaakkonen.wordpress.com/2008/11/13/customer-development-or-why-910-startups-fail/

Do Web Entrepreneurs Still Need Venture Capitalists?

“Yes, according to Robert Hendershott, a professor of private equity and entrepreneurship at the Leavey School of Business at Santa Clara University.”

“Take the Apple App Store, for instance. In a few weeks, developers can easily build an application, submit it to the store and immediately find out whether it has any traction. “They can vet the idea in the marketplace”

from http://bits.blogs.nytimes.com/2009/05/14/do-web-entrepreneurs-still-need-venture-capitalists/