He concluded that there was a big need for faster databases that could analyze the huge volumes of data that social networks generated. Three months after entering Y Combinator, Frenkiel had found a customer and his partner, Nikita Shamgunov, had developed the technology. Frenkiel and others I have spoken with at Y Combinator got value from watching the rapid progress of other companies in their cohort.
These peer entrepreneurs were tackling the same challenges. Peer pressure pushed them harder to succeed. Y Combinator partners and its network of investors and advisors also provided useful advice. Milner was in Russia at the time and delivered the good news via " a moveable contraption that's one-part Segway, one-part webcam.
As Lieb and Frenkiel learned, it's not the robot that gives them money, it's the power of incubators to present start-ups to top venture capitalists.
They have cleared a major investment hurdle: building a product and finding a customer willing to use it. Entrepreneur Media, Inc. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site both directly and through our partners. The table below describes in more detail the data being collected.
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See Latest Videos. There are no Articles in your queue. See Latest Articles. There are no Podcasts in your queue. See Latest Podcasts. You're not following any authors. Image credit: Shutterstock. Peter S. Guest Writer. November 20, min read. Opinions expressed by Entrepreneur contributors are their own.
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Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level. Join Now. Are you paying too much for business insurance? Do you have critical gaps in your coverage? Account Options Sign in. Top Charts. New Arrivals. See more. Peter S. Entrepreneurs are hungry. Cohan focuses on six key start-up choices—setting goals, picking markets, raising capital, building teams, gaining market share, and adapting to change—explaining the unique rules start-ups must follow.
For example, when setting goals, large corporations try to maximize their long-term return on equity, but resource-poor start-ups have to plan by setting a series of short-term goals—and how they do this will mean the difference between blazing a trail or flaming out.
For each of these six areas, Cohan provides a decision-making approach and lively case studies of what actual entrepreneurs have done. He extracts hard-hitting lessons not only for start-ups but also for investors and even established companies. Hungry Start-up Strategy offers a full menu of vital information for anyone seeking to cook up a thriving business from scratch. Accelerate your company's growth in a disciplined fashion. This book provides leaders of large and small companies a proven comprehensive framework to think systematically about growth options and to yield practical strategies that produce faster growth.
Hungry Start-up Strategy
The growth challenges facing companies that are currently growing quickly differ from the ones that stagnating or shrinking companies must overcome. Companies can achieve growth along one or more of the dimensions simultaneously — and they often expand geographically to customers in the same segments. Useful insights can emerge from comparing case studies of successful and unsuccessful companies pursuing similar growth strategies.
Companies should select a growth strategy that best fits their capabilities and culture and they must enhance both to adapt to new growth opportunities. Who This Book Is For The people in companies who are responsible for growth: chief executive officers, chief marketing officers, chief product officers, heads of business development, product managers, sales people, and human resources managers. Book Using his expertise in understanding shareholder value, Cohan offers executives seven management principles that were tested in periods of economic expansion and contraction.
These principles are: valuing human relationships, fostering teamwork, experimenting frugally, fulfilling your commitments, fighting complacency, winning through multiple means, and giving to your community. Smucker, Southwest Airlines, and Microsoft.
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- Read Hungry Start-up Strategy: Creating New Ventures with Limited Resources and Unlimited Vision.
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