Remember that there’s a difference between a great product, a great company, a great business, and a great investment. Depending on who you are and where you’re sitting at the table, you will need a different one of these at different times in your life. Inexperienced investors most commonly confuse the first two with the…
Read MoreI wrote this tweet in 2013, after seeing the McKinsey article on digging into details. Disaggregate data – take per-segment => per-customer analysis. @McKinsey catches up with @maprinci circa 2007 http://t.co/vi4bsVbCdS — rickcolosimo (@rickcolosimo) December 5, 2013 The world has been moving to big data, and at the same time executives keep trying to abstract…
Read MoreI just read Ken Adam’s post on AI review of legal documents. In the case of services that offer contract templates, if I don’t know who prepared a template, I’m not going to trust it. Even if I do know, I’ll be skeptical unless given good reason not to be. I had this exact comment…
Read MoreEvery now and then someone who has an idea for a company or a product will ask me, “Do I really need a business plan?” I guess they read about seemingly ethereal companies raising huge equity rounds at mind-boggling valuations and believe the sizzle of “no business plan.” If you don’t have a business plan…
Read More