Do More Faster: TechStars Lessons to Accelerate Your Startup [NOOK Book]

Overview

Practical advice from some of today's top early stage investors and entrepreneurs

TechStars is a mentorship-driven startup accelerator with operations in three U.S. cities. Once a year in each city, it funds about ten Internet startups with a small amount of capital and surrounds them with around fifty top Internet entrepreneurs and investors. Historically, about seventy-five percent of the companies that go through TechStars raise a meaningful amount of angel or venture ...

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Do More Faster: TechStars Lessons to Accelerate Your Startup

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Overview

Practical advice from some of today's top early stage investors and entrepreneurs

TechStars is a mentorship-driven startup accelerator with operations in three U.S. cities. Once a year in each city, it funds about ten Internet startups with a small amount of capital and surrounds them with around fifty top Internet entrepreneurs and investors. Historically, about seventy-five percent of the companies that go through TechStars raise a meaningful amount of angel or venture capital. Do More Faster: TechStars Lessons to Accelerate Your Startup is a collection of advice that comes from individuals who have passed through, or are part of, this proven program. Each vignette is an exploration of information often heard during the TechStars program and provides practical insights into early stage entrepreneurship.

  • Contains seven sections, each focusing on a major theme within the TechStars program, including idea and vision, fundraising, legal and structure, and work/life balance
  • Created by two highly regarded experts in the world of early stage investing
  • Essays in each section come from the experienced author team as well as TechStar mentors, entrepreneurs, and founders of companies

While you'll ultimately have to make your own decisions about what's right for your business, Do More Faster: TechStars Lessons to Accelerate Your Startup can get your entrepreneurial endeavor headed in the right direction.

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Product Details

  • ISBN-13: 9780470948798
  • Publisher: Wiley
  • Publication date: 10/1/2010
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 352
  • File size: 3 MB

Meet the Author

David Cohen is the founder and CEO of TechStars. He previously founded and successfully exited several companies and is now an angel investor in over 100 Internet startups.

BRAD FELD is a managing director of Foundry Group, an early stage venture capital firm. He has been an early stage investor and entrepreneur for over twenty-five years.

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Table of Contents

Foreword.

Preface.

About TechStars.

The Seven Themes You Must Master.

Theme 1: Idea and Vision.

Trust Me, Your Idea is Worthless.

Start With Your Passion.

Look for the Pain.

Get Feedback Early.

Usage is Like Oxygen for Ideas.

Forget the Kitchen Sink.

Find That One Thing They Love.

Don't Plan. Prototype!

You Never Need another Original Idea.

Get It Out There.

Avoid Tunnel Vision.

Focus.

Iterate Again.

Fail Fast.

Pull the Plug When You Know It's Time.

Theme 2: People.

Don't Go It Alone.

Avoid Co-Founder Conflict.

Hire People Better Than You.

Hire Slowly, Fire Quickly.

If You Can Quit, You Should.

Build a Balanced Team.

Startups Seek Friends.

Engage Great Mentors.

Define Your Culture.

Two Strikes and You Are Out.

Karma Matters.

Be Open to Randomness.

Theme 3: Execution.

Do More Faster.

Assume That You're Wrong.

Make Decisions Quickly.

It's Just Data.

Use Your Head, Then Trust Your Gut.

Progress Equals Validated Learning.

The Plural of Anecdote is Not Data.

Don't Suck at Email

Use What's Free.

Be Tiny Until You Shouldn't Be.

Don't Celebrate the Wrong Things.

Release at a Specific Time.

Learn From Your Failures.

Quality Over Quantity.

Have a Bias Towards Action.

Do or Do Not, There is No Try.

Theme 4: Product.

Don't Wait Until You Are Proud of Your Product.

Find Your Whitespace.

Focus on What Matters.

Obsess Over Metrics.

Avoid Distractions.

Know Your Customer.

Beware the Big Companies.

Throw Things Away.

Pivot.

Theme 5: Fundraising.

You Don't Have To Raise Money.

There's More Than One Way To Raise Money.

Don't Forget About Bootstrapping.

Beware of Angel Investors Who Aren't.

Seed Investors Care About Three Things.

Practice Like You Play.

If You Want Money, Ask for Advice.

Show, Don't Tell.

Turn the Knife After You Stick It In.

Don't Over Optimize On Valuations.

Get Help With Your Term Sheet.

Focus On The First One-Third.

Theme 6: Legal and Structure.

Form the Company Early.

Choose the Right Company Structure.

Default to Delaware.

Lawyers Don't Have To Be Expensive.

Vesting Is Good For You.

Your Brother-in-Law is Probably Not the Right Corporate Lawyer.

To 83(b) Or Not To 83(b), There Is No Question.

Theme 7: Work/Life Balance.

Discover Work Life Balance.

Practice Your Passion.

Follow Your Heart.

Turn Work into Play.

Get Out From Behind Your Computer.

Stay Healthy.

Get Away From It All.

The Evolution of TechStars.

What Motivated Me To Start TechStars?

Why TechStars Started in Boulder.

How TechStars Came to Boston.

How TechStars Came to Seattle.

So You Want To Start TechStars In Your City?

Appendix A: The TechStars Companies.

About the Authors.

Acknowledgements.

Index.

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Sort by: Showing all of 6 Customer Reviews
  • Posted January 31, 2011

    more from this reviewer

    Great Resource for Startups

    Brad Feld and David Cohen have put together an excellent resource for entrepreneurs. I've worked for a startup and co-founded a startup and I can relate to many of the stories in the book. I appreciated the quote, "Startups are about testing theories and quickly pivoting based on feedback and data." That is so true. We are in the process of pivoting, right now. One thing that I read that holds particular significance for me is, "Get feedback early." If we would have gotten more feedback from our target market with Impirus, we might have chosen a different vertical. Here are some other truths in the book; 1) Focus on one thing and do it really well 2) Listen to customers 3) Focus on ease of use 4) Get external accountability. We have implemented those ideas with success. I think that everyone who is going to start a business, or who has already started one will appreciate this book.

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  • Posted October 15, 2010

    Do More Faster

    Brad Feld and David Cohen have created a "must read" blockbuster for every aspiring tech entrepreneur. But it's a bit of a misnomer to attribute this seminal entry into entrepreneurship literature, to these two guys. Because Feld and Cohen have turned web 2.0 "crowd-sourcing" on themselves, and used it to create a terrific, wide-ranging collection of solid advice and insights for aspiring tech entrepreneurs.

    What they've done is, publish the collective wisdom of their entrepreneurial network - based in Boulder - but now reaching out to Boston, Seattle, NYC, (and who knows where, next) - to aspire every young tech entrepreneur - even if those entrepreneurs don't have "tech experience".

    This ground-breaking book is jam-packed with wisdom, solid advice, and great insights. I recommend every new tech startup team - whether they are a young, first-time startup team, or not - make a detailed study of the wealth of great advice and insights, contained in this book.

    All you need, according to Feld & Cohen - is the right "heart" - not necessarily including technical experience.

    Is this going to be a "hot book"? Only the wizards of the publishing industry know, for sure.

    If you're fascinated by entrepreneurship - what to do, and what NOT to do - then read this book, and enjoy!

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  • Anonymous

    Posted October 8, 2010

    Has breadth, need to work on depth

    This book is great to get a general idea of what tech entrepreneurs go through. I must say the book is lacking in depth. Without white space and photos this would be probably not more than 100 pages. This would be a good first read. If you want more depth check out 'the 4 hour work week' (2nd edition) or a whole lotta depth check out 'Lean Startup' by Eric Ries.

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    Posted August 7, 2011

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    Posted September 8, 2011

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  • Anonymous

    Posted March 27, 2011

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