Guy Kawasaki on Venture Capital – part 3


The rise of the fleet-footed start-up

The fleet-footed start-up playbook advises quick development of a “minimum viable product,” designed with the smallest set of features that will please some group of customers. Then, the start-up should continually experiment by tweaking its offering, seeing how the market responds and changing the product accordingly. Facebook, the giant social network, grew that way, starting with simple messaging services and then adding other features.

Venture-backed start-up companies continue to create U.S. jobs at a faster pace

Venture-backed start-up companies accelerated their hiring in the first quarter of 2010, according the National Venture Capital Association (NVCA) and the job board During the quarter, 13,314 jobs were posted by start-up companies on the website, averaging more than 4,400 new positions each month. This is a 16 percent increase since the end of 2009. These jobs reside at venture-backed companies across the country, in growing industries such as information technology, life sciences and clean technology.

Maybe web startups don’t need venture capital money

Venture capitalist  Randy Komisar suggested today that Web startups may not actually need his money – at least, not right away.

Komisar, a partner at Kleiner Perkins Caufield & Byers, reached that conclusion in a roundabout way during a question-and-answer session at the Startup Lessons Learned conference in San Francisco. His main point was a piece of common entrepreneurial advice: To paraphrase Komisar’s new book on the topic, startups need to “get to plan B.” They need to cycle through different ideas with as little time and money as possible to discover which of their assumptions are wrong. For startups in fields like biotech or cleantech or enterprise technology, that process may take months or years of work, and it probably requires sizable funding. But at a consumer Internet company, things should be much faster and cheaper.

VIDEO: A New World Order in Innovation

James Andrew, senior partner and head of the global innovation practice at Boston Consulting Group, talks about the Bloomberg BusinessWeek/BCG annual ranking of the most innovative companies.

Green MBA degrees sprout up on campuses

Green is gold. Stanford, Berkeley and a host of other schools are increasingly going green as students demand coursework that focuses on positive change by integrating social, environmental, and ethical issues. It’s all about the triple bottom line: people, profits, and planet.