A Spotlight on Fetch: Focus and Grit in Hard Times
Teem Ventures had the opportunity to work with Fetch, the self-service truck startup, during its initial pilot with Budget Truck Rental. Fetch has seen dramatic growth in spite of the challenges faced by the mobility sector during the global pandemic. Fetch is thriving.
Early-stage Ventures: 4 Keys to Get the Best People on your Bus
The early stage of a venture is unique because information is generated very quickly, and must be immediately put to work to iterate and move to the next goal. I’ve seen how teams can execute well, and where things start to fall apart in this environment both in corporate ventures and startups. I strongly believe that getting the right people onto your early stage team is the most important success factor in whether your venture will be ground breaking or a big nothing burger.
Don’t Build a BUM: Avoid overbuilding your Minimum Viable Product to save yourself time and money
As I advised corporate executives and founders on product launches over the past few years, I have seen both groups encounter the same challenge: overbuilding their initial product. The problem exists in small companies and large corporations alike for different reasons. But in both cases, the cost is high for screwing this up, either in time to market or sunk costs building the wrong features. Or worse, building the wrong product altogether.
Why does this happen so often?