I’m pumped to announce I’m starting a new interview show. I’m aiming to interview people who’ve done really cool things in order to expose their knowledge to others.
My first interview is with Biz Dev pro Alex Taub. In our interview he reveals:
How he “broke into tech”
The most important thing he’s done for building his person brand
One major reason he left to join Dwolla
What BD means at Dwolla (for him)
The one thing he wish he knew when he started out in the tech space
This interview also reveals how excessively I move my eyebrows when I talk. Geez. Going to work on that for next time.
My next interview will be with “America’s Youngest VC” Alex Banayan. Subscribe here or follow me on twitter …
Many startup founders are deathly afraid of building their own sales team. They default to channel partnerships to try and get distribution. Sigh.
For those unfamiliar with the term, a channel partnership is when a person or organization sells products on behalf of another company. An example of this is how Duda Mobile uses Webs.com as a channel partner. Customers of Webs.com can mobile optimize their website through a partnership DudaMobile. Webs.com benefits from the partnership by filling out their offering to prospective customers and DudaMobile benefits from the distribution to Webs.com customers.
Partnerships like this can be great for both parties. But they also can also barely move the needle and be extremely time-consuming to develop.
Here are a few things startup …
I’ve soft-launched two startups in the past year…and I’m the only one that knows about it.
Many aspiring founders build a minimum viable product without a minimum viable audience. This is bad.
In order to truly understand market demand, there needs to be a feedback loop. For consumer web products, that feedback loop is people or an audience. Without one, it’s nearly impossible to test a product in the market…maybe that’s why we see people spend months building before they realize no one wants their product. There’s probably a group of lean startup disciples doing a golf clap somewhere.
The audience I used to test one of my “MVPs” was my blog’s readership.
For people that have read this blog over the past year, …
How do you if know a business development person is “good” at an early stage startup?
I think one mark of a great BD person is that they’re able to get that initial deal with a meaningful party. Generally speaking, they’re able to convince someone worthwhile to take a chance on them.
If I’m a successful company why should they take a meeting with a lowly startup? Why should I trust you can execute what you say you can? Why should I potentially risk time, energy, and resources on something that’s largely unproven?
A great BD person can answer all these questions. But it takes much more than answers to get these type of deals done. It takes a meaningful relationship to get …
In business development or sales, the biggest fish in your prospect pond are often what I like to call “arms dealers.” Arms dealers provide a related product or service to a group of fragmented targets. By selling to or partnering with an arms dealer, you can reach this group of targets in one fell swoop versus approaching individually. Hence, it’s typically far more efficient doing business with an arms dealer.
An Example of Partnering with an Arms Dealer:
Say my company provides a commenting platform for professional bloggers. One approach is to go to every major blogger on a popular platform and try to convince them why they should utilize my solution. This would require many instances of repetitive labor. Alternatively, I …