Thursday, October 4, 2007

Notes from Momentum Growth Conference (8/8)

Notes from Momentum Growth Conference.

Buy, Sell, Hold? - Yes, You Have Mo' to Think About
You've grown your company. You're making money. What's next? IPO, acquisition, or just keep walking. In this session, hear about the exit strategies that momentum companies have to think about, and plan for, today.

TSX - Ungad Chadda, Vice-President and COO
Thumbplay - Are Traasdahl, CEO & Founder
Microsoft - Marc Brown, Director of Corporate Development
IMVU - Eric Ries, CTO

(no links, sorry, Blogger really needs to improve linking and adding image capabilities...)

The panel agreed the focus should be on building a real business.
They disagree on what does it mean...

Nice quote: "companies do not fail due to lack of technology - they fail due to lack of customers..."

Building a dream-team is the key step in building a real business.

First hires for technical or product driven companies - should be in the marketing area - as you need to generate lead and to make the market ready for your branding and product.

Executive team of a start up changes with the phases of the company.
The role of the executives changes as well.

The transition from 'traffic' or # of users to monetization is not trivial (duh...).
Partnership with a market leader or a company the complete your value offering is a logic step.



It was a long & good fun day...


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