By maintaining an active feedback system at every stage of a startup, founders can reduce their burn rate, increase their virality coefficient, and retain key hires. Jay Samit activeburncoefficient Change image and share on social
Some of the most lasting contacts and friendships that I have developed began by just grabbing a drink or breaking bread with a stranger at an industry event. Jay Samit beginbreadbreak Change image and share on social
In my experience, there are only two valid reasons to take a company public: access to growth capital and investor fatigue. Jay Samit accesscapitalcompany Change image and share on social
I'd been on the Internet since the 1970s when it was just for nerds. I started saying, 'Who would benefit from this?' I started imagining a world where young people could have their own email address, back in the days of family AOL accounts. Jay Samit 1970saccountaddress share on social
Silicon Valley's long-running track record of creating globally disruptive startups is the envy of the world. Jay Samit createdisruptiveenvy Change image and share on social
Every new startup business creates new opportunities. It doesn't matter whether you have a new app for college students or a home medical device for senior citizens; there are other multibillion noncompetitive corporations that are spending millions of dollars trying to market their goods and services to your same audience. Jay Samit appaudiencebusiness share on social
The answers to all a startup's challenges are out there. By setting up the right mechanisms for gathering feedback, the road to success can be a less bumpy ride. Jay Samit answerbumpychallenge Change image and share on social
From the very first inkling of a concept, founders need to gather a target group of five to ten potential users to begin the feedback loop. We all think we know how the market will react to new ideas, but actual users live with the pros and cons of the existing market conditions every day. They are the market experts. Jay Samit actualbeginconcept share on social
Networking is all about connecting with people. But then again, isn't that what life is about? The more time you can find to get out of the office and build true friendships, the farther your startup will go. Entrepreneurs need to remember to spend as much time working on their business as they do in their business. Jay Samit buildbusinessconnect share on social
As every entrepreneur and investor sifts through year-end data to predict the next trend or opportunity for financial success, there is a much easier way to accurately predict the future: hang out with those who are creating it. Jay Samit accuratelycreatedatum share on social