• Company News

    Have a great idea for a startup? Don’t seek funding.

    I’m very lucky to have the opportunity to talk with entrepreneurs all the time. There are tons of brand new startups here in Hong Kong and around the world. Entrepreneurs take me out for coffee all the time to pick my brain and seek advice. Many founders mock up a few screen shots, cobble together a proof of concept, go to town in PowerPoint, then have lots of meetings with people like me asking: “do you like my idea?” and “how do I get money?” As I said last week on this blog, the economics of a startup have changed, yet again. Since it takes less...
  • Company News

    The new new startup economics

    While speaking on a panel last week at the BizSpark European Entrepreneurship conference in London, I mentioned how in 1999 we raised $36m of Venture Capital at Zagat in order to get from idea (expressed in PowerPoint) to paying customers. I asserted that back then in the stone ages, you had to: buy lots of servers (usually at overcapacity if you had some peak and valleys in traffic), hire lots of expensive people, and spend a ton on marketing to reach the masses. Then I asserted that how those numbers started to change due to the cloud and the infrastructure around it (Skype, outsourcing, etc). I talked briefly...
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    As your startup grows, the founders have to grow with it

    On Monday, Mark Zuckerberg showed up to pre-IPO roadshow investor meetings wearing his signature hoodie. Wedbush Securities managing director Michael Pachter commented on Bloomberg news yesterday that Zuckerberg should show the investment community some respect by ditching the hoodie in investor meetings and wearing it is a sign of immaturity. Pachter’s comment: "Mark and his signature hoodie: He’s actually showing investors he doesn’t care that much; he’s going to be him. I think that’s a mark of immaturity. I think that he has to realize he’s bringing investors in as a new constituency right now, and I think he’s got to show them the respect that they deserve because he’s...
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    Communication struggles at a large company

    April 16, 2012 Share
    Last week I wrote about communication struggles at startups and small companies. Since Telerik is the largest company I’ve ever worked for, I’ve asked my sister, Caroline Forte, to write a guest blog post. Caroline has worked at large companies for a long time and is also responsible for several aspects of corporate communications in her current role. Take it away sis: I’ve worked in communications at a large company for longer than I’d like to publically admit. During that time I have supported many different facets of the business, yet the communication challenges seem to be very consistent. No matter how much information you try to provide there are...
  • Company News

    Communication struggles at a small company

    April 12, 2012 Share
    I’ve spent my entire career at start-ups. I’m use to small. I once worked at a big table with everyone else employed at the company, resulting in pure bliss. One company that I started with three other guys got up to eight people before we were sold to a company with close to 7,000 people in 40 countries. I am most comfortable working side by side with my colleagues; unfortunately over the last 10 years it has not really worked out that way. Ten years ago I started Corzen with my partner Bruce. Our first office was the Starbucks on 6th and W 57th street in Manhattan. We got...