The New York Startup Scene

Giff Constable startups

As someone who has done startups in New York, Silicon Valley & San Fran, and Austin, I find the topic of location very interesting.  Fred Wilson and Chris Dixon just gave a talk at  Clickable (embedded below) on why the New York startup scene is special, and I had a few reactions: New York would benefit from a better, more …

Irrationality as a teacher has limits

Giff Constable startups

I’ve seen references to Steve Blank’s startup guide (for lack of a better description) “4 Steps to the Epiphany” and recently picked it up.  There is a lot of good stuff in the book, and I can see what the accolades have been about.  Like all business books, you have to decide for yourself which concepts you love and want …

Size of Customer: On Suster’s Deer Hunter Analogy

Giff Constable startups

Mark Suster always provides interesting food for thought.  In a recent post “Most Startups Should be Deer Hunters“, he examined whether startups should go for “elephants, deer, or rabbits.” He is right to warn of elephants.  They can bring in cash, please your investors with a brand name, and put your company on the map in terms of credibility and …

Startups, Law, and Lawyers

Giff Constable startups

Chris Dixon just wrote a post “Entrepreneurs needs to learn some law“, which spawned from a discussion on first round term sheets.  Startups are a massive learning curve no matter how many times you have done one (just different curves), but I agree that it is absolutely worth taking the time to become savvy on contracts and business law. I …

Startup Lessons: Don’t Be Afraid to Lose

Giff Constable startups

I recently discovered Mark Suster’s blog Both Sides of the Table, and have really enjoyed his posts on entrepreneurship.  He has a good post called “Embrace Losing” that talks about closing sales and learning from mistakes.  I’d like to piggyback on the post with two of my own anecdotes that can be summed up with the simple thought: don’t be …

Traction vs Value

Giff Constable social media, startups, virtual goods

David Pakman has an excellent post up called “Confusing Traction with Value“, pointing to the “distressed exit of iLike” and then pointing out a few Web 2.0 aberrations in valuation.  For those of you who experienced Web 1.0’s up and down, this is a bit “been there, done that”. Web 1.0 was about startups far outstripping the available audience. Web …