Posts Tagged “angel”

A few weeks ago I had my weekly mentor meeting with Ian and Adam from Gearbox.  We messed around with the latest version of “the ball” on an Android phone and then talked about a bunch of things that were going on.  I am totally amazed at the technical progress they are making this summer – these guys are magicians.  But they’ve been shy about getting out there and showing off what they’ve been up to.  My sense after talking to them is that their hesitancy was a combination of prioritization, focus, and “the need to get everything right.”

I can’t remember exactly what I said, but it was something like “this stuff is so f****** cool – just start blogging about what you are doing, get the API out there, and get out in front of the world with this.”  Two days later they sent me a note that their first blog post Gear What? was up and they’ve been blogging and talking up a storm ever since, including emerging on the bunker to play on the Pearl Street Mall and flying to Aspen in Paul Berberian‘s plane to spend the day at Mini Maker Faire Aspen.

Now they are having a Hackathon on the weekend of July 24th/25th.  An early version of their API is out and I’ve seen some cool shit running on an Android phone so I know it’s hackable.  If you are an Android developer, this is going to be fun, plus there’s the staple of every hackathon (free food, beer, and red bull.)  If you want to play, send an email to ian [at] gearbox [dot] me.

Oh – and if you are into robots, go check out the 2010 Denver Robot Expo & Mini Maker Faire.  Yup – the Gearbox guys will be there.

With thanks to feld.com .  To see the original article please click here.

Remember, that the only dumb question is the one never asked. If you have any questions or comments, I look forward to them, please email or call me.

Cheers.

Allan

RESQBug.com Technical Services and PRAD Enterprise

“Managing Your Technology for Improved Workplace Performance”

c: 416.464.1508

e: allan@resqbug.com

t: http://twitter.com/resqbug

Visit us on the Web at http://www.resqbug.com

This article is for information purposes only.  It is recommended that individuals consult with an IT professional before acting on any information contained in this article. The opinions stated are those of Allan Waddington and not a reflection of any company he currently works with or has in the past.

“If you think it’s expensive to hire a professional to do the job, wait until you hire an amateur.” -Red Adair

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For some reason I’ve been doing a lot of interviews lately.  In many of them I get asked similar questions, including the inevitable “what makes a great entrepreneur?”  When I’m on a VC panel, I’m always amused by the answers from my co-panelists as they are usually the same set of “VC cliches” which makes it even more fun when I blurt out my answer.

A complete and total obsession with the product”

The great companies that I’ve been an investor in share a common trait – the founder/CEO is obsessed with the product.  Not interested, not aware of, not familiar with, but obsessed.  Every discussion trends back toward the product.  All of the conversations about customer are really about how the customer uses the product and the value the product brings the customer.  The majority of the early teams are focused entirely on the product, including the non-engineering people.  Product, product, product.

And these CEO’s love to show their product to anyone that will listen.  They don’t explain the company to people with powerpoint slides.  They don’t send out long executive summaries with mocked up screen shots.  They don’t try to engage you in a phone conversation about the great market they are going after.  They start with the product.  And stay with the product.

When I step back and think about what motivates me early in a relationship with an entrepreneur, it’s the product.  I only invest in domains that I know well, so I don’t need fancy market studies (which are always wrong), financial models (which are always wrong), or customer needs analyses (which are always wrong).  I want to play with the product, touch the product, understand the product – and understand where the founder thinks the product is going.

I don’t create products anymore (I invest in companies that create them), but I’m a great alpha tester.  I’ve always been good at this for some reason – bugs just find me.  While my UX design skills are merely adequate, I’ve got a great feel for how to simplify things and make them cleaner.  Plus I’m happy to just grind and grind and grind on the product, offering both detailed and high level feedback indefinitely.

How a founder/CEO reacts to this speaks volumes to me.  I probably first noticed this when interacting with Dick Costolo at FeedBurner when I first met him.  I am FeedBurner publisher #699 and used it for my blog back when it was “pre-Alpha”.  I had an issue – sent support@feedburner.com a note – and instantly got a reply from Dick.  I had no idea who Dick was, but he helped me and I quickly realized he was the CEO.  Over the next six months we interacted regularly about the product and when he was ready to start fundraising, I quickly made him an offer and we became the lead investor in the round.  My obsession with the product didn’t stop there (as Eric Lunt and many of the other FeedBurner gang can tell you – I still occasionally email SteveO bugs that I find.)

I can give a bunch of other examples like FeedBurner, but I wrap up by saying that I’m just as obsessed with product as the founders.  And – as I realize what results in success in my world, I get even more obsessed.  Plus, I really like to play with software.

With thanks to feld.com .  To see the original article please click here.

Remember, that the only dumb question is the one never asked. If you have any questions or comments, I look forward to them, please email or call me.

Cheers.

Allan

RESQBug.com Technical Services and PRAD Enterprise

“Managing Your Technology for Improved Workplace Performance”

c: 416.464.1508

e: allan@resqbug.com

t: http://twitter.com/resqbug

Visit us on the Web at http://www.resqbug.com

This article is for information purposes only.  It is recommended that individuals consult with an IT professional before acting on any information contained in this article. The opinions stated are those of Allan Waddington and not a reflection of any company he currently works with or has in the past.

“If you think it’s expensive to hire a professional to do the job, wait until you hire an amateur.” -Red Adair

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