What most entrepreneurs don’t understand is that it isn’t the economy that bursts a bubble, but investor psychology. Jay Samit Read Quote
Betting all your funds on the belief that you know what consumers want and are willing to pay for is like jumping into a river to test its depth – you’ll need a lot of luck to stay afloat. To have a truly successful product launch, the conversations with your customers must start long before you write your first line of code. Jay Samit Read Quote
Venture-backed startups with billion dollar market caps are called ‘unicorns’ because they are supposed to be rare mythical creatures that few entrepreneurs will ever ride. Jay Samit Read Quote
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 Read Quote
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 Read Quote
No matter how much we tweet, blog and post, nothing in business is as powerful as actual face time with prospective business partners and customers. Jay Samit Read Quote
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 Read Quote
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 Read Quote
A successful entrepreneur is one who recognizes her blind spots. You may be the world’s best engineer, but you probably have never run a 10-person sales force. You may be a brilliant marketer, but how do you structure a cap table? Jay Samit Read Quote
While commercials interrupt consumers’ enjoyment of a TV program, social media allows video to enter the conversation between friends in a non-intrusive way with an opt-in choice. Jay Samit Read Quote
