Video: Debunking Myths of Entrepreneurship

In this video, Eric Ries from the Lessons Learned blog discusses the keys to Startup success.

A startup is not a “doll house” version of a larger enterprise. It’s a human institution trying to start something new under extreme conditions of uncertainty, says author Eric Ries. It’s not that some founders have better ideas than others, and this is what dictates success. What differentiates a successfully launched enterprise is one who can unearth the best ideas under duress – those who can find “the pivot”- the point of reinvention when they realize that their original ideas need retooling. And, more critically, that they can find their market before they run out of money.

More videos in this series are available at the Stanford eCorner.

Startup’s Cube Computer to Borg Your Office

Jonathan Blum from Entrepreneur magazine writes that this tiny cube from a Startup called Xi3 Technologies might be your next office PC.

Each Xi3 device is made up of three separate modules: one for the processor, one for how the unit communicates on a network and a third for power. This means you can upgrade any of these components — say, to swap out for a faster processor — with little effort. Just unscrew the back panel, slide out the required part, put the hatch back on and you’re done.

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How to Acquire an Existing Domain Name

You’ve got the perfect idea for a Startup, but what if someone already has the perfect domain name that you wanted? Julian Shapiro from NameLayer writes that there are good and bad ways to make your approach and buy an existing domain from someone.

Direct contact means you can offer a non-standard payment. For example, if you get the owner’s email address through WHOIS, you can search for their email on Facebook, read their profile details, and get a sense for who they are and how you can appeal to them. (If it’s someone in the tech industry, you might offer shares in your company like Mint did or advertise their name in the footer of your site like Firefox did in the early days.)

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Joyent Cloud to Power Amplify Startup Incubator

This week Joyent announced that their Joyent Cloud will become the lead cloud services sponsor of Amplify, a Los Angeles startup accelerator and venture capital fund.

After we learned about Amplify pre-launch, it was a no-brainer for Joyent Cloud to sponsor Amplify and provide compute credits on our infrastructure. Amplify’s management is deciding exactly which startup deploys what on Joyent Cloud but we are extremely impressed with the first major one – Look.io, an in-app real-time support plug-in for mobile apps. They use Node.js to make sure that chat through their platform is super fast even over sketchy mobile network connections. As such, Look.io is targeting the Real-Time Web. Since we like to think that Joyent Cloud is the Real-Time Cloud, then its a perfect fit.

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The Power of the One Page Strategy

Michele Welch writes that a one-page strategy is something an entrepreneur should revisit every day when making business decisions.

Your one page strategy is something you can easily review daily that’s going to keep you focused, even in the face of projects, financials and teams! Liken it to your mission statement. Your business is much more than one paragraph; yet this one paragraph encompasses your company’s purpose and primary objectives. Well, your one page strategy encompasses the bigger picture, if you will, all pointing to what Napoleon Hill would call your “definite chief aim.”

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Why You Need a Startup Exit Strategy

Marin Zwilling writes about the importance of a good exit strategy for entrepreneurs.

To some, an exit strategy sounds negative. Actually, the best reason for an exit strategy is to plan how to optimize a good situation, rather than get out of a bad one. This allows you to run your startup and focus efforts on things that make it more appealing and compelling to the short list of acquirers or buyers you target.

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