Separating Technology Wheat from the Chaff
Phil Morettini
SaaS & Mobile Software Industry Advisor, Management Consultant and Interim CEO | COO | CMO | CRO
An underrated skill in the tech business is the ability to consistently separate winners from losers. If you're a VC and your model requires you to hit on one of ten to have a successful fund, maybe you can get by without being especially prescient.
However, my focus is on products, especially the innovative variety found in tech startups. These types of products can be particularly difficult to sort into the winner or loser category. You can mitigate this difficulty with sound product management techniques such as proper market research and MVPs. But in all honesty, it's always an excruciatingly difficult task to know what products to "invest all the way" in. Even more difficult, is knowing which products to stop investing in.
Yet making these calls at the earliest possible date, thus optimizing scarce resources, can mean the difference between great success and the total failure of a software or hardware startup.
So my newsletter article this week delves into this issue and gives some hints on how to go about this difficult task. Hopefully, some ideas will raise your odds of success.
Here's the link to the full article. Please feel free to leave a comment to provide feedback and add to the discussion.
#softwaresuccess #hardware
I help professionals in Tech (Microsoft, Amazon, Google etc...) and Consulting (EY, Deloitte etc...) | Financial Advisor | Director
2 个月Thanks for sharing!
CEO at Virtly. Accelerate Virtually Everything!
2 个月I'm seeing more and more companies are 'culling' their apps, saas and other parts of the stack. It seems most are betting that AI will handle a lot of these areas by mid 2025.