There has been a fundamental shift in the startup paradigm. We are past the point of calling “the lean startup” a trend; these days, it’s a mandatory business model. I am continually blown away by how many startups are attempting to solve problems we didn’t even know existed. As Alistar Croll discusses in a video interview, the “if you build it, they will come” mentality is just bad business. Venture Capitalists and potential customers want to see that startups are doing two key things:
“I’m really excited about my phone. My emails are synced, my calendar is always up-to-date, and I can look up people in the company when I’m on the go. I can quickly type one-word responses to important emails, and accept or reject meeting requests. When I change a meeting or read an email on my computer, it reflects on the mobile device immediately, too.”
Lars Leckie is a Principal at Hummer Winblad Venture Partners. He played a key role in the firm’s investments in Aria Systems (SaaS billing and customer management) and vKernel (Virtualization Infrastructure). Leading up to Under the Radar, Lars (as well as Mitchell Kertzman who will be judging presenting cloud startups at Under the Radar) has worked with us to determine who the next generation of disruptive startups are – and identifing the best ones to showcase at the upcoming event. Last week Lars took a shot at examining cloud computing and its opportunities on his blog. We’ve re-posted it here:
Our employees spend too much time searching for their needed information. How much time? According to a McKinsey report, employees spend 1.8 hours every day—9.3 hours per week, on average—searching and gathering information. Put another way, businesses hire 5 employees but only 4 show up to work; the fifth is off searching for answers, but not contributing any value.