Tag Archives: startups

How to Boost Your Startup’s Attractiveness to Venture Capital Investors Using The Business Model Canvas with Martin Luenendonk

big bang podcast 50 Martin Luenendonk

My guest for this episode of the podcast is Martin Luenendonk, CEO of RoadToFunding.com, who just published a super actionable, in-depth 7,000+ words guide on how to boost a startup’s attractiveness to venture capital investors using the Business Model Canvas. He looked deeper into what does a venture capitalist really want from your business in order to invest $1m to $5m.

Oil and Water: Why Corporations and Startups Rarely Mix

what you know limits what you can imagine

Illustration by Christian Laborin

There are many  experienced, talented and well intentioned people who are, without knowing, blockers to innovation. I’ve seen and experienced this way too many times, and experienced it again recently while advising iAir Platform; who have developed a potentially ground breaking technology that could be used in the various industries with a wide variety of applications.

How Startups Slay Giants

Killing giants

Illustration credit Christian Laborin

Slaying giants is fun, almost every new disruptive company slays a giant or two. Last week I had a chat with a team based in Puebla Mexico working on a cool augmented reality application for museums. They asked for my thoughts on their app and business model, I happily answered their questions. One of those questions comes up every time I talk with startups: How do you protect yourself from giants who might copy your idea?

Innovators Don’t Outwork Non-innovators, They Out-think and Out-execute Them

outthink

Ask any person or team who’s ever worked on and delivered a better future about their process and they’ll tell you it was a messy journey; not a straight line. Those of us who’ve been in the trenches know that delivering the future doesn’t happen in a straight line, as most things rarely do, yet most people want to believe there’s a silver bullet prescription, secret, hack, tip and the like to follow to avoid the mess that is innovation.

There isn’t one.

Sure, there are methodologies that are growing with popularity every day but following them to the T doesn’t guarantee anything. You might eliminate a few headaches here and there but for the most part their value is in helping you think through things, giving you a sense of security and certainty; not giving you the right answer.

Without Experimentation There Is No Innovation

without experimentation there is no innovation

Established organizations want to better their operations, find a new way to go to market, increase customer loyalty or any other positive outcome that betters the business; with a predictable strategy.

But better and different outcomes are not achieved in a straight line; chaos is the norm.

How Innovators Distort Reality

blank canvas thinkingAre all innovators alike?

Michael Dearing, a venture capitalist, has developed strong views on the similarities of innovators after screening over three thousand founders and funding over sixty companies since 2006. Dearing observed that the most successful founders are prone to certain “cognitive distortions”: biased, even objectively inaccurate, ways they think of themselves and filter information that enable them to make quicker and better decisions, bounce back from setbacks, and attract talent.