Building successful start-ups was never quite as easy as it
seemed, and the changing economic climate has raised the stakes,
reduced the margin of error. New entrepreneurs can't stumble into
wealth on the power of half-formed ideas, or turn dreams into
reality without doing a lot of homework. It's time to get smart.
This book teaches would-be entrepreneurs the skills they need to
get through the venture capital process with companies that will
survive to grow and succeed.
Rob Ryan, a pioneer in the high-tech industry, founded Ascend
Communications in 1989, and throughout the nineties provided firms
with the infrastructure they needed to keep up with the rapid
growth of the Internet. At the beginning of 1999, Ascend was sold
to Lucent for $25 billion. Since retiring from Ascend and starting
Entrepreneur America, Ryan has helped launch a string of successful
companies, including Virtmed, RightNow, and Virtual Ink. All
provide electronic solutions to real-world problems, meet existing
rather than manufactured needs, and save their customers time and
money.
In Smartups, Ryan focuses on methods he's developed over the
years for building a sustainable business that makes money. He
emphasizes the importance of testing ideas on customers and making
sure that a product offers something new and important. Recognizing
a team's key competencies is crucial, Ryan says. He also finds it
necessary to take certain steps at the correct stages of a
company's inception. Smartups will show you how to turn your idea
into a real product, take it to investors, and get your start-up
started right."
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