The Jeff Bezos Regret Minimization Framework for Building Your Startup

Over at Forbes, Jeff Tyler writes that budding Entrepreneurs should consider what Amazon CEO Jeff Bezos calls the Regret Minimization Framework.

Bezos weighed the pros and cons over and over again. And finally, he came to a realization that made the decision to pursue his startup idea “incredibly easy.” He called it the regret minimization framework, in which he imagined himself as an 80-year-old man looking back at his life. Foremost, as an elderly man, he knew that his life’s regrets, more so than anything, would keep him tossing and turning late into the night. At the same time, he strongly believed that the 80-year-old Jeff Bezos would not regret having tried building a startup that had a chance to make real impact — even if it most likely ended in failure. What would deeply haunt him would be the regret of having watched the opportunity pass him by.

In what may be their best ad ever, Harley Davidson applied the Regret Minimization Framework in their marketing for great effect.

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Video: Sources of Funding for Startups – What Works and What Doesn’t


 
In this video, Ankit Agarwal from Micello and Nikhil Bhat from PRS Technologies discuss Sources of Funding for Startups: What Works and What Doesn’t.

How do you plan on getting your startup funded? When is the right time? And from whom? These questions vex all founders during their finance process and are a constant source of frustration and challenge. There are various models and ideas out there, but few get creative enough to stay lean and cash comfortable. For some industries, (Enterprise & B2B) making a viable product without any funding is nearly impossible, while for some consumer startups, their go to market strategy can be as simple as developing a mobile app.

Kickstarter Shadow Project Finds its Way into Sci-Fi Original

A while back we wrote about the Shadow project on Kickstarter. Now fully funded with 30 hours to go, this amazing app will reportedly help you record and remember your dreams.

As a writer, I was so intrigued with the possibilities of Shadow that I decided to weave it into my latest Sci-Fi original story, The Observer Effect.

This video trailer is a teaser for The Observer Effect, which is featured in the PrintN’Fly Guide to SC13 Denver.

Tagline: A scientist uses Big Data to try and prove the existence of God.”

Sponsored by Mellanox, the PrintN’Fly Guide to SC13 Denver will feature interviews on Exascale, high performance networking, and the 25th anniversary of the conference as well as restaurant and bar reviews for downtown Denver. Look for it right here in early November!

Download The Observer Effect (PDF).

Share Files Fast with Fasetto


 
A new Startup called Fasetto from Superior, Wisconsin could soon enable you to share all file types across all devices instantly without additional hardware, software, or even a broadband connection.

Fasetto’s new family of patent-pending applications is called Pretty Darn Quick (PDQ). With the speed to transfer a 5GB file from one device to another in less than 30 seconds, PDQ will enable users to share videos, pictures and files without compromising file quality.

PDQ’s network layer utilizes all available transport layers supported by the device, giving a user the ability to always be in touch with another user regardless of location, connection or device. We built the network layer algorithms from the ground up to support many complex network scenarios, without ever needing to ask the user how they need to connect to share information and what is the most beneficial layer to use.” said Coy Christmas, CTO Fasetto LLC.

Fasetto will show PDQ for the first time in person at the Cloud Computing Expo in Santa Clara November 4-7. Founders Coy Christmas and Luke Malpass will  present their “Agnostic Cloud Theory” and discuss their intrinsic API framework. Fasetto PDQ will reportedly be available for download in January 2014.

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Video: Creating the Next Tech Cities

In this video, Teresa Carlson from Amazon Web Services explains why cities and over 70% of tech startups are using cloud computing as a safety net to scale faster or fail.

Summary

  • Opening Remarks: Hitachi, Frank Priznar, Senior Vice President, Hitachi Consulting
  • Moderator: Steve Clemons, Editor-in-Chief, AtlanticLIVE, and Washington Editor-at-Large, The Atlantic
  • Dr. Daniel Huttenlocher, Dean, Cornell Tech Campus
  • Rob Kitchin, Professor & Director of the National Institute of Regional and Spatial Analysis, National University of Ireland, Maynooth
  • Caterina Fake, Founder, Findery; Co-Founder, Flickr, Hunch
  • Teresa Carlson, Vice President Worldwide Public Sector, Amazon Web Services

See the Full Session.

Omny – A Personal Radio App for IOS


 
In this video, users enjoy the Omny App, the “first and only” personal radio app available for iPhone. It’s a radio station you can keep in your pocket, where you call the shots.

Say hello to Omny — the free personal radio station that listens to you. Not only is Omny social, intelligent and intuitive, it’s also where you play more of what you want to hear – may that be your Facebook feed, news headlines, sport updates or the music you can’t live without.

AWS Report Looks to Startups


 

In this video, Jeff Barr, AWS Evangelist and host of The AWS Report, speaks with Startup Weekend President & CEO Marc Nager about the Startup Weekend concept.

After that, Co-host Lee Zen hears from AWS Startup Marketing Manager Natalie Surowiecki about the AWS focus for working with startups. Next up, Lee hears elevator pitches from a set of folks working hard on their startups at TechStars in South Lake Union.