David Cancel - Latest Comments in 5 Lessons for Entrepreneurs

Re: 5 Lessons for Entrepreneurs

Neil — Tue, 07 Apr 2009 15:36:51 -0000

You speak the truth my friend. I like 1 & 3 the best. I didn't know there was true data behind #5 but it isn't shocking,

Re: 5 Lessons for Entrepreneurs

forint — Thu, 26 Feb 2009 10:05:43 -0000

the second pint is the best. The sexy sucks :)

Re: 5 Lessons for Entrepreneurs

JimTheDj65 — Mon, 05 Jan 2009 11:41:31 -0000

no doubt about it small works every time... scale when the model works.. IDEATION, Business Design, Business Launch and Service are four different paradigms that require different skill-sets at each stage. My advice to anyone is never give equity to early adopters unless they are prepared to go the full hog.

Re: 5 Lessons for Entrepreneurs

shaneencl — Tue, 23 Dec 2008 05:17:21 -0000

I like points on #1 and #5. Starting small usually yields effective results and small workforce yet efficient has the most value in the company.

Re: 5 Lessons for Entrepreneurs

Tim Rosenblatt — Thu, 13 Nov 2008 19:12:49 -0000

Hi David, I saw you came to my site via MyBlogLog, so I checked out your site. This post caught my eye, especially #2

"Sexy sucks, boring is always better." Not sure what the second sentence is referring to, but the first is worth it. It's like Warren Buffet investing logic: don't try to make money though buying and selling, shooting for huge quick gains. It's sexy, sure. But if you invest with a boring strategy of "make money slowly over time through purchasing good companies", it works.

Re: 5 Lessons for Entrepreneurs

istgah — Tue, 11 Nov 2008 12:31:46 -0000

very nice and interesting good luck

Re: 5 Lessons for Entrepreneurs

Steven W — Thu, 25 Sep 2008 22:05:15 -0000

So from the other comment about #4 is that your pricing better match the set expectations of the customer rather then some new model that they are less likely to accept/adopt?

I am fighting this questions with our new product and we go around and around with the models. And each time we balance simplicity (for us) to what clients have come to accept or tolerate.

I have also heard that many other successful entrepreneurs explain they wished they had played with the pricing models more in the earlier.

Re: 5 Lessons for Entrepreneurs

Scott Rafer — Thu, 25 Sep 2008 10:16:48 -0000

I was asked to clarify point 4. I had specifically made it MBA jargon as the info request was for a Tuck alum speech.

"Trying to fix the customer will cost you at least half your company in VC. Focus on making your offer look like what the customer already buys."