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I posted to google.com
No, that IS NOT a competitive advantage
This is part 1 of the series: 5 Lessons from 150 startup pitches. Listening to first-time entrepreneurs talk about their competitive advantages is as predictably invalid as the local weatherman's 10-day forecast. Between this blog and reviewing applications…
July 12 2010, 6:20am | Comments »
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I posted to google.com
Sunk Costs: An invisible, pervasive peril
Many of my mistakes can be traced back to a failure to recognize and appreciate "sunk cost." The term comes from economics: "Sunk Cost" is money you've already spent and cannot get back no matter what. A "rational…
February 15 2010, 6:30am | Comments »
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I posted to google.com
Nothing clarifies things quite like a hyperactive, all-knowing, all-seeing, real asshole of a devil's advocate beating the living crap out of you. (Cartoon by Andertoons) Baseball players swing heavy bats before going up to the plate; acclimating to…
February 1 2010, 6:30am | Comments »
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I posted to google.com
Startup Therapy: Ten questions to ask yourself every month
In the last post I beat you to death about ditching your business plan but failed to provide an alternative. Okay okay, "Planning == Bad," but the supposed benefits of planning are still important: designing for profitability, understanding…
December 21 2009, 6:30am | Comments »
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