Balancing Innovation and Execution.
Ideas are inexpensive. Execution is paramount.
The vast majority of entrepreneurs learn this the hard way. I see it daily in my consulting business.
A great idea will get you noticed. Strong execution will get you funded.
Startups fail at staggering rates. 90% don't survive their first year.
Why? Not that they weren't innovative.
42% of start-ups die because they built something nobody wanted. The product was groundbreaking. The market validation wasn't.
Another study found that start-ups with well-balanced teams (visionaries and operators) were 30% more likely to receive Series A funding.
Execution Beats Innovation
Netflix was not the initial video streaming company. They just executed better than Blockbuster did.
Facebook was not the initial social network. Execution beat MySpace.
Apple never came up with the smartphone. Their execution killed Nokia and BlackBerry…
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I help businesses secure funding. Over 300 clients and $20 million raised.
