insights from peter cohan, columnist at forbes
DESCRIPTION
Peter S. Cohan is a management consultant, venture capitalist, teacher, author and blogger. He has invested in six private companies, three of which were sold for a total of $2 billion. He teaches business strategy to undergraduate and MBA students at Babson College; has authored 11 books; and writes the "Startup Economy" column for Forbes and the "Hungry Start-up" column for Inc. Listen to the full 33voices interview at http://www.33voices.com/peter-s-cohan/audioTRANSCRIPT
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Professor of business strategy
at Babson College.
Writes the “Startup Economy”
column for Forbes and the “Hungry Start-up”
column for Inc.Click to preview on Amazon
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Insight #1
An entrepreneur’s emotional currencydemonstrates to the world the passion behind the idea
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Insight #2
The smartest founders have the intellectual humility to know
what they don’t knowand surround themselves with complementary talent
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Insight #3
The first 100 days of a new startup is about cascading your visionand building a series of real prototypes that customers are willing to pay for
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Insight #4
Don’t make assumptions about your customer –get intimate with them and create a learning loop that provides continuous feedback
(0.31m) Peter explains what the “learning loop” is.
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Insight #5
BE RELENTLESSabout validating the
problem you’re solving
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Insight #6
It’s dangerous to hire friends early on –
be deliberateand strategic
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Insight #7
be smart and get a mentor or a strategic advisor
No one is watching your team early on –
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Insight #8
A great CEO is one who becomes an industry thought leader,has the will to win, values speed, is a risk manager and is an A-team builder
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Insight #9
Your best opportunity to attract great talent isto be solving complex problems
with a big market potential
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Insight #10
Venture capital is your multiplier –unless you’re ready to scale,
DON’T SEEK IT
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Really reflect...
How are you demonstrating your emotional currency?
Really reflect...
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