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Saturday, August 13, 2005

 

The Business of Green media

1)design your product to please users first,
Green media

Da gallery Afreke - black designed goods
or general store

and then think about how to make money from it
encourage a culture of cheapness Aim for cool and cheap, not expensive and impressive
get all the users, and the advertisers will follow
There is nothing more important than understanding your business

get a version 1 out asap


In a startup, your initial plans are almost certain to be wrong in some way, and your first priority should be to figure out where. The only way to do that is to try implementing them.

with good people, aggressive determination
to make something customers actually want,
good idea
if you're developing technology for money, you're probably not going to be developing it for people like you. Indeed, you can use this as a way to generate ideas for startups: what do people who are not like you want from technology?

and to spend as little money as possible

offer people better technology
A 10% improvement in ease of use doesn't just increase your sales 10%. It's more likely to double your sales.
you have to have at least one person willing and able to focus on what customers want, understand users
get a version 1 out as soon as you can
watch as they used our software, and talk to them about what they needed.

how are people going to pay for stuff

if you want to win through better technology, aim at smaller customers.
The best odds are in niche markets. Since startups make money by offering people something better than they had before, the best opportunities are where things suck most. Most good hackers have no more idea of the horrors perpetrated in these places than rich Americans do of what goes on in Brazilian slums
the products that start as cheap, simple options tend to gradually grow more powerful till, like water rising in a room, they squash the "high-end" products

If you have the cheapest, easiest product, you'll own the low end

SEED MONEY BUSINESS PLAN
At this stage, all most investors expect is a brief description of what you plan to do and how you're going to make money from it, and the resumes of the founders.

Business Corporation
Merely incorporating yourselves isn't hard. The problem is, for the company to exist, you have to decide who the founders are, and how much stock they each have.

One of the worst things that can happen to a startup is to run into intellectual property problems.

Venture Capital
You want to live at the office in a startup, so why not have a place designed to be lived in as your office?
seeming impressive, and being impressive

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