1. 12:51 19th Jun 2009

    comments:

    Fantastic post by Tony Stubblebine, now behind CrowdVine (a social network platform for conferences).

    Read the whole thing, but here’s highlights:

    1. Determine the value of your product assuming it has many active users. This makes more sense if your product benefits from network effects (like Twitter), but is a good rule of thumb.

    2. The Team is critical. Smart people will figure it out. We’re finding this with waffl - we were going to run out of money / need to raise funding if we continued down the “marketplace for innkeepers” model. Obviously we are still supporting it and caring about it, but we are working on a new thing that we hope all small businesses will want, including innkeepers.

    3. Rails was not the problem. Twitter was birthed out of Odeo and had a lot of CMS / publishing / blogging architecture baked into it, so the transition to XMPP on the backend took time. It’s interesting to note how important the Summize acquisition was in terms of people (see #2, Team) besides technology.

    Anyway, go read it. Also, follow the links and read up on Eric Ries, Steve Blank, Venture Hacks, and Marc Andreesen. I’ve written about them before, but if you haven’t read them yet and you’re an entrepreneur, now’s the time.

     
     
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