The prospect of pivoting down the line can encourage entrepreneurs to pursue a passion to build without evaluating their hypotheses up front
Don't Let the Minimum Win Over the Viable - David Aycan - Harvard Business Review - 3 views
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But successful ventures don't just dive into a single direction, confident that if they're wrong they can drastically change course. The reality is that a single concept is a collection of variables expressed as a whole. Some are core to the vision, while others are educated guesses.
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Sketching or mocking up experiential prototypes and then testing them with consumers or potential partners, while also explicitly jotting down your operating and business assumptions and using them to discuss the business with industry experts, allows you both to pick a promising route to invest in the development sprint and to pivot with confidence.
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TechCrunch | SV Angel And Founder Collective Give Hackruiter $200K For Its Hacker School - 2 views
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YCombinator-backed hacker recruiter platform Hackruiter has raised a modest seed round from investors SV Angel and Founder Collective. The company raised $200K but could have raised much more, because it is already profitable co-founder David Albert tells me. Hackruiter is already profitable because startups like Tumblr, Weebly, Loopt, Artsy and Bit.ly currently pay Hackruiter $20K per programmer referral on averafe (Amazing, right?).
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