SaaS and Barriers to Entry

Earlier today Zaid Farooqui tweeted that some of his hedge fund friends think Software-as-a-Service (SaaS) companies are over-valued due to low barriers to entry: My hedge fund friend believes all public SaaS companies are grossly overvalued since they have 100s of competitor, little barrier to entry. — Zaid Farooqui (@zaid) September 7, 2014 While I…

Questions to Ask as a Potential Co-Founder

Many times a solo entrepreneur comes up with an idea and looks to bring on one or two co-founders (I’m a fan of no more than one co-founder). Naturally, the personality fit and complementary skills need to be there. Even then, alignment and understanding should be spelled out in a simple document. As someone interested in…

Getting Better at Correcting Bad Decisions

Andrew Mason, founder of Groupon and a new startup called Detour, sent out a tweet earlier today saying that while he’s gotten slightly better at making good decisions generally, he’s gotten significantly better at correcting bad decisions: https://twitter.com/andrewmason/status/507568813773033472?refsrc=email Personally, I’ve encountered this same phenomenon. I like to think that I’m continually working hard and improving my…

Monthly Strategy Sessions

One question I get when talking about weekly tactical meetings is how we deal with the fact we don’t discuss items that will take longer than 15 minutes. The weekly tactical is designed to review our weekly KPIs and talk through any items that come from the ad hoc agenda. When a more strategic topic comes…

Entrepreneurs and Cash in the Bank

Entrepreneurs love to spend money on an opportunity and opportunities abound. Every day I meet entrepreneurs that are putting all their saving into their idea in hopes of making it work. Some use their personal funds and some raise money from investors. The old adage that you have to spend money to make money still rings true.…