So many of the major decisions that affect the entire future of your enterprise happen during its first year in business. In fact, most don't make it because they don't know how to get the resources they need to survive. Jay Samit affectbusinessdecision share on social
Every product you have ever loved was a compromise from the ideal vision of its creators to the realities of shipping on time, on budget, and on price point. Anyone who has ever manufactured a physical product that had to be on the shelves for Christmas shopping knows how painful these choices can be. Jay Samit budgetchoicechristmas share on social
Some incubators, like Y Combinator and TechStars, were started by successful entrepreneurs wishing to help the next generation learn from their experiences. Other programs, such as Viterbi Startup Garage and Austin Technology Incubator, were created by universities to help young entrepreneurs bridge the knowledge gap from student to funded company. Jay Samit austinbridgecombinator share on social
As great as you believe your new product or company is, the world got along just fine without you. The greatest competition every startup faces is convincing consumers that there is a better solution to the problems that vex them. Jay Samit companycompetitionconsumer share on social
Historically, more media has been consumed sitting in front of the television than any other device. Controlling this screen has been the goal of major technology, consumer electronic, and telecommunications companies. Jay Samit companyconsumeconsumer share on social
To truly launch a great product, you need partners. Channel and marketing partners share in your success and share in the costs of reaching your target audience. Jay Samit audiencechannelcost Change image and share on social
Founding a successful startup is no different than forming a rock band. Jay Samit bandformfound Change image and share on social
As counterintuitive as it sounds, 'speed to fail' should be every entrepreneur's motto. Success isn't born wholly-formed like Venus from a clamshell; it's developed through relentless trial and error. Jay Samit bearclamshellcounterintuitive Change image and share on social
Founders need sizable egos to believe that what they are creating is good enough to change the world. What makes for great co-founders is having those egos focused on complementary, not competing, skills. Jay Samit changecompetecomplementary share on social
Every company, regardless of size, is competing for the same pool of talent, which is why top recruiters can even command equity for finding key hires. Internships give startups a chance to hire the best and brightest from our universities at a fraction of the cost that these same minds will command when they receive their degrees. Jay Samit brightchancecommand share on social