Wednesday, May 4, 2011

What does “Street Cred” have to do with one of the most frequent startup questions I’m asked? - LaunchTribe LLC

The problem isn’t that the founders of these startups are not coachable. It’s that our various local public and private funding sources, which ever one they went to, if not all (it’s hard to know where to start with these sources in NEO), tried to suggest they be advised and coached by staff or volunteers that had no domain expertise in the startup’s technology or market opportunity. Worse yet some experienced so-called outside experts being called in to perform due diligence and/or judge their business plan who had no startup experience. I’m sorry but some guy who was the sales lead manager for a window installation company that runs ads in the Gold Clipper Savings Magazine shouldn’t be evaluating my new sales lead management application that is built on Ruby on Rails (Alpha) and will have mobile integration for Android and Blackberry. The guy doesn’t even have a smart phone.

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